Team Leader

Job Description:

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. We're 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*

CFO is a risk-based program to identify & confirm data gaps in various high risk financial regulatory reports filed by the bank like FR- Y-9C, FR- Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101, COREP, FINREP & AnaCredit & Liquidity Reports. The team also forms an integral part of the remediation work required for MRA raised by FRB for Regulatory Reports filed by the bank.

Job Description*

Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulatory requirements.

Responsibilities*

• Review, extraction and documentation of key data elements and logic from SQL or other code, including alignment of such elements with key business requirements.
• Examination of financial information and data attributes for assessment of alignment with instructions, i.e. fit for use and/or BRD (Business Requirements Document) validation activities.
• Assist in issue evaluation and remediation efforts including identification, remediation, monitoring and escalation activities particular to identified conformance or transaction related non-adherence issues and observations.
• Manage relationships across Finance, Data Management, or other line of business support teams.

Requirements*

 Education*

CA/CFA, Bachelor's or Master's degree in finance

Experience Range*

0.6 – 1.5 years of experience

 Foundational skills*

• Exposure to US regulatory reports such as FRY-9C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 009 or EMEA regulatory reports like COREP, FINREP & AnaCredit.
• Experience in analyzing SQL code through either writing the code to match business requirements or validation of code to ensure it executes the business requirements.
• Advanced tool skills in working with large data sets to identify anomalies in the data, in addition to standard knowledge of Microsoft software (Excel, Word, Power Point) including advanced excel functions such as pivot tables, V-lookup, etc.
• Strong communication skills to support partnership across multiple line of business, finance and technology teams.

Desired skills

• Prior experience in Audit, Financial Reporting or Finance Data Management Organizations
• Ideal candidate should have a general comprehension of both GAAP and Regulatory Reporting for large banks.

Work Timings: 11:30 am to 8:30 pm

Job Location: Mumbai / Gift City / Hyderabad / Gurugram