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16 Bank of America Assistant Manager Jobs

Assistant Manager

3-7 years

₹ 13 - 23.1L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Mumbai

1 vacancy

Assistant Manager

Bank of America

posted 5hr ago

Job Description








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 & Regulatory reporting. 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.
The FCPS (Finance Change and Production Services) team, which is part of the (GFC) Global Financial Control organization within CFO division, delivers finance projects and technology solutions for the Bank of America (BAC) enterprise and also supports Line of Business (LOB) projects that impact our core finance and general ledger applications. The Finance Change team is responsible for overall program/project management, business analysis and requirements, functional design, testing, organization readiness and deployment activities. The Production Services function ensures all financial accounting & regulatory reporting systems and applications are operating smoothly from a functional perspective.
Job Description*
This role is for a Business Analyst resource responsible for documenting detailed business requirements in support of the FCPS delivery of programs/projects in the US, EMEA, APAC and LATAM regulatory reporting groups and general ledger operations. The resource will be responsible for (1) understanding the Change, (2) defining and documenting the current state (if applicable) and target state processes and (3) ensuring collaboration with Technology teams & Users until implementation of the Change. It requires working closely with the Business Lead/Product Owner, including upstream / downstream Stakeholders and Technology to ensure all aspects of the change are being considered and prioritized when documenting the requirements. The business requirements are the foundation for the design, build, test, operational / organizational readiness and deployment activities in the life cycle of a project.
Responsibilities*
  • Understanding the Regulatory Change and documenting detailed requirements. This includes functional capabilities, workflow needs, business rules, reporting requirements and timelines, etc. Collaborate with the Users & procure all required sign offs.
  • Identifying current state processes and the target state scope, objective and business outcomes of the Program/Project
  • Identifying any data sourcing requirements, documenting them and co-ordinating with relevant Teams
  • Understanding the in-house & AXIOM design and documenting functional specifications in conjunction to the business requirements
  • Creating high quality JIRAs documenting all critical aspects including business requirements, mapping requirements, acceptance criteria, etc using the BAC enterprise change management templates
  • Create process maps or operating model where necessary.
  • Walkthrough of the requirements to Technology and participating in the sprint planning along with the Project Manager.
  • Collaborating with the test teams to clearly set the expectations from a Quality or User Acceptance Testing perspective.
  • Regression before every code release into production.
  • Facilitate review sessions with Business, Technology & Testing Teams where relevant.
Requirements*
Education*
Education - Graduate degree in Commerce, Business or Technology.
Certifications If Any - AXIOM / Business Analysis etc.
Experience Range*
3 to 7 years
Foundational skills*
  • Experience as a Functional Business Analyst in technology implementation projects, having written Business requirement documents (BRDs)
OR
  • Extremely strong Knowledge of US/ EMEA regulatory reports (financial or risk) and Strong knowledge of financial concepts
  • Ability to understand complex business processes and breakdown to process components.
  • Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
  • Strong knowledge of creating process maps
  • Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.
  • Professional written and verbal communication skills
  • Excellent analytical skills and ability to identify/raise questions, and problem solving capabilities
  • Strong organizational skills and attention to detail, and good with numbers
  • Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)
Desired skills
  • Exposure to projects in Financial Accounting and reporting (in Financial Control / Product Control/Treasury), and/ or in Risk Regulatory reporting (Market or Counterparty risk) in financial services industry
  • Expertise in Axiom Regulatory platform (if possible, AXIOM certified)
  • Knowledge of Banking and Capital market products
  • Understanding of general ledger & trading sub-ledger concepts
  • SQL, Database knowledge & ability to analyze data and related flows
  • Knowledge of Agile methodology and tools (i.e., JIRA)
  • Knowledge of ERP solutions (SAP, Oracle) particularly with general ledger
Work Timings*
11:30 am to 8:30 pm
Job Location*
Mumbai

Employment Type: Full Time, Permanent

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Bank of America Interview Questions & Tips

Prepare for Bank of America Assistant Manager roles with real interview advice

Top Bank of America Assistant Manager Interview Questions

Q1. Python coding question to find the employee with second largest income
Q2. Detect the unique characters in the substring and their length
Q3. Whats your understanding on regulatory reporting
View all 8 questions

What Assistant Manager at Bank of America are saying

4.3
 Rating based on 158 Assistant Manager reviews

Likes

Leadership is supportive and encourage everyone to excel in their strengths and move forward in their career path

  • Salary - Good
  • +5 more
Dislikes

We need to be very vocal about our work to get the recognition

Read 158 Assistant Manager reviews

Assistant Manager salary at Bank of America

reported by 1.9k employees with 2-18 years exp.
₹7 L/yr - ₹26 L/yr
98% more than the average Assistant Manager Salary in India
View more details

What Bank of America employees are saying about work life

based on 3k employees
65%
87%
81%
77%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Bank of America Benefits

Free Transport
Cafeteria
Health Insurance
Gymnasium
Soft Skill Training
Job Training +6 more
View more benefits

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