[19/09/2025] Assistant Manager

About Us At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection Responsible Growth is how we run our company and how we deliver for our clients teammates communities and shareholders every day One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world Were devoted to being a diverse and inclusive workplace for everyone We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical emotional and financial well-being Bank of America believes both in the importance of working together and offering flexibility to our employees We use a multi-faceted approach for flexibility depending on the various roles in our organization Working at Bank of America will give you a great career with opportunities to learn grow and make an impact along with the power to make a difference Join us Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed globally integrated delivery model and globally resilient operations Global Business Services is recognized for flawless execution sound risk management operational resiliency operational excellence and innovation In India we are present in five locations and operate as BA Continuum India Private Limited BACI a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services Process Overview Transaction Reporting Operations are responsible for ensuring the completeness accuracy and timeliness of the Banks transaction reporting obligations across multiple global regulatory jurisdictions Completeness accuracy and timeliness controls are the primary responsibility of 2 core functions within the Transaction Reporting Operations team The Submission Control function is responsible for monitoring and remediating the internal validation failures and the rejects NACKs from the regulators the team has to liaise with MO FO Tech teams for the root causes of the exceptions Submission control also monitors the trades which are not getting reported within the compliance time for OTC ETD Securities and raise breaches for all timeliness issues that missed the agreed thresholds The Enhanced Quality Assurance team perform post process testing to validate the completeness accuracy and timeliness of the transaction reports submissions through performing reconciliations and targeted deep dive thematic testing The current role is for the Submission control and below is the description of the role Deliver on project commitments and goals on-time and with agreed upon scope Good understanding of Regulatory reporting land scape for CFTC EMIR HKMA and AMRS Data mining of huge data sets containing millions of records to identify target issue Exposure of working on regulatory queries and reaching out to Compliance DTCC Regulator to get clarity Good understanding of timeliness requirement for different jurisdictions Experience in using BI tools like Alteryx and Tableau to automate reports Well versed in identifying a regulatory breach and raising it with the compliance team Deliver for business partners FO BO and Cirrus Development teams MO change management teams Regulatory Operations Control team Business Analyst team and senior management team Create and maintain strong relationships with stakeholders and Business partners Identify tech issues raise JIRAs and work with Development teams to fix the issue Collaborate with all submission control teams to update the TREF Transaction Reporting Executive forum deck with executive summary and commentary Should be a team player and should have the ability to work on all BAU reports Attend and contribute to team meetings This is a very hands on role ideal for someone with drive and willingness to learn and adapt is proactive and has very good knowledge about the reporting regulation and the reporting system architecture Responsibilities Ensuring the completeness accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes e g Dodd Frank EMIR MIFID MIFIR etc Engagement in designing implementing and maintaining operation process Generate daily reports and analyze patterns to derive meaningful information Management reporting and issue escalation and resolution Remaining current on the Regulatory Reporting landscape to ensure the firms reporting remains in step with changes in regulatory environment Responsible for working closely with GTR and Industry Working Groups WG Host WG calls with various internal groups to implement the industry regulatory changes for MAS HKMA and other Asian jurisdictions Track the progress of the implementation of changes and work closely with various team in FO MO Dev teams and Reporting Dev team Responsible to document the changes and work closely with the compliance teams Raise breach as per the guidelines and ensure remediation of the issue Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO MO Tech to fix them Review controls on regular basis and challenge status quo Work with change and initiative team on new changes and provide requirement for controls ahead of going live with new jurisdiction Requirements Education Post Graduation Certifications If Any NA Experience Range 6-9 Years of overall experienceFoundational skills Knowledge and experience with Global Markets regulations such as Dodd Frank HKMA ASIC MAS and EMIR Solid trade processing knowledge front middle and back office FO MO BO Familiarity with counter party clearing LCH Clearnet London Clearing House Chicago Mercantile Exchange Intercontinental Exchange ICE CBOE OCC highly desirable Strong analytical skills and experience working with large data sets in Excel Excellent organizational skills to track many concurrent activities Strong communication skills both written and verbal Ability to work independently and assess relative priority among competing issues Desired skills Adapts to changes and has a proven track record of working as part of a global team Ability to assess and mitigate risks and dependencies Excellent communication and relationship building skills Proactive and self-starter Work Timings 12 30 to 21 30 IST Job Location Gurugram Mumbai Hyderabad only