Assistant Manager

Job Description

: Assistant Manager

Location: Mumbai, India; DLF Cyber Park, Sector

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

The Global Finance was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support, and Supply Chain Management.

Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Finance Data Management team (CFO DM) enables the Finance Organization and supports data needs of finance business users.

The CFO DM team is involved in various activities (including, but not limited to):

a) Data Management Activities: These include activities such as Data Governance, Metadata management, Data Quality management, Production Data Validation, Reconciliation of Trade and GL Data, Reference data validations, etc.

b) Data Sourcing and provisioning: The scope of EDA (Enterprise Data Architecture) includes defining and implementing data provisioning strategy to simplify the flow of data from all lines of business into critical enterprise functions. The provisioning strategy includes the definition of Authorized Data Sources (ADS) for domains of transaction data (e.g., mortgage), reference data (e.g., legal entity), and derived data (e.g., capital). This is an Enterprise-wide effort and the team is expected to focus on developing/communicating data requirements for targeted Authorized Data Sources (ADS) and validating data in each Transaction ADS as they are built out.

The CFO Data management team is seeking a highly motivated individual with financial services experience to support risk management governance, reporting, and control processes. The CFO Data Management Team is responsible for identifying, measuring, managing, and controlling risk and reporting to senior management, board of directors, and regulators. The Data Management Governance team within CFO Data Management is responsible for production data lineage creation, metadata management, data validation, data governance, data sourcing/research & issue resolution.

The successful candidate will be a proven contributor with strong familiarity with financial institutions, an excellent communicator, and a self-starter accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. Additionally, the candidate should be able to work independently, be highly organized, and be able to prioritize multiple tasks.

Responsibilities

• Assist in delivering Data Lineage, Data Dictionary, Business glossary, and Data Quality artifacts for the applications supporting Regulatory & Management Reports.
• Collaborate with managers & business partners to evaluate/escalate issues related to financial reporting, liquidity reporting & provide resolution of issues throughout the issue lifecycle.
• Key Metrics Reporting & Reconciliation, monthly trend analysis or ad hoc analysis.
• Participate in issue validation, internal audit, regulatory exams, and other independent reviews by aiding and coordinating with stakeholders to assist in creating a response as needed.
• Query (using SQL) various databases, compare to source data, identify differences & provide resolution.
• Identify and improve inefficient or ineffective processes leveraging automation opportunities using Emerging technologies such as Alteryx.
• Prepare additional ad-hoc analysis, business presentations and complete special projects within tight deadlines.
• Assist in documenting and maintaining business documents, desktop procedures, and other relevant documents from time to time.
• Build strong relationships and coordinate with key stakeholders to drive results.
• Comfortable with responsibilities that may evolve over time.
• Should be ready to work as an individual contributor.

Requirements Education

• Graduate/Post Graduate in Finance

Certifications

• If any: NA

Experience Range

• 3-5 years

Foundational Skills

• Experience in Data Management & Reporting
• Good understanding of banking products and how they impact operations and reporting.
• Proficiency in Microsoft Office Applications (Word, Excel, and PowerPoint)
• Complex Analytical and reasoning skills
• Self-starter ability to work independently.
• Problem solving skills and a high level of ownership and attention to detail.
• Strong communication skills, ability to professionally and effectively present information and issues to management and peers.

Desired Skills

• Understanding of US/EMEA regulatory reporting & other management reporting
• Experience of handling large volumes of data at financial institutions, preferably in risk management and reporting.
• High level of ownership and attention to detail.
• Data Analytical tools knowledge like SQL, Alteryx, Tableau.

Work Timings

• 11.30 am pm

Job Location

• Primary: Mumbai
• Secondary: Gurugram

Learn more about this role.

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