AVP, Non-Financial Regulatory Reporting, Chennai, Global Operations

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us
 

Job Description:
This job is responsible for overseeing the Operations team and ensuring they meet deadlines, execute, and coordinate tasks. Key responsibilities include supporting continuous business improvements, reviewing operations procedures, implementing changes, ensuring adherence to operations procedures, providing guidance to employees, handling exception requests, and referring more complex problems to a senior manager. Job expectations include having an awareness of foundational operations and familiarity in a specific product line.

This job is responsible for managing delivery of 140+ Non-financial regulatory reporting (NFRR), Tax, Credit Furnishing and Remediation that includes submission under the relevant regulatory reporting laws across multiple branches in the country for  Global Operations and other related business divisions including any adhoc asks from various regulators. Key responsibilities include people management, check if reports are submitted in a timely manner, analyze if accurate and complete data is submitted and lead OpEx projects and initiatives. Job expectations include coordinating across multiple operations functions and products within the Bank and regulators relating to new regulatory changes/initiatives, systems, impacted reports and associated change governance.

Required Skills:

• Bachelor's Degree with minimum 10+ years of experience; Professional qualifications (e.g., CA, CFA, CPA) preferred.

• Experience in any of the following areas: Operations/Finance/Regulatory Reporting/Risk. Advantage for candidates with Regulator reporting experience.

• Strong knowledge of Trade Finance, Cash Management and Credit products.

• High level understanding of India regulatory domain and associated LRR requirements.

• Strong technical and data analytical skills (i.e., Excel, and other similar applications) with experience in analyzing, managing and reporting from large sets of structured data (e.g., books and records data).

• Able to produce accurate work output and reports under tight deadlines.

• Communicates effectively in both oral and written formats and tailors message appropriately to audience.

• Demonstrated intellectual curiosity and operational excellence experience.

• Able to think critically to quickly analyze and resolve issues

• Influences and delivers results through collaborative relationship with key partners and stakeholders.

• Works independently to prioritize work and deliver against regulatory deadlines amidst a dynamic environment.

• Able to demonstrate a high level of integrity with a mature approach to work.

Desired Skills:

• Audit experience.

• Knowledge of key regulatory reporting rules from RBI relating to Trade Finance, Cash Management and Credit products.

• Experience interacting with regulatory agencies and /or reg exams.

• Regulatory reporting experience and/or experience in a global banking regulatory reporting environment or exposure to Trade Finance, Cash Management and Credit products.

• Regulatory reporting experience and/or experience in global banking regulatory reporting environment or exposure to deposit/ liability balance reports, and payment transactions.

• Experience in technology implementation projects including involvement in building new or enhancing existing systems to meet complex reporting requirements.