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53 Bank of America Jobs

Senior Manager

10-12 years

₹ 27 - 42L/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

Senior Manager

Bank of America

posted 15d ago

Job Description

Global Business Services (GBS) 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 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, Treasury Management Support on Capital, Liquidity and Balance Sheet Management, 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 Global Regulatory Reporting (GRR) function, a part of the Global Financial Control organization within the CFO Group, is responsible for accurate filing of non-liquidity related financial regulatory reports including call reports, cross-Border BEA and state fillings, FINREP, COREP, AnaCredit & Statistical reporting.
Job Description*
GRR has set up a multi-year program to perform conformance and transaction testing on GRR high-risk reports. The primary responsibility of this role is to perform observation management which includes root cause analysis, thematic review of findings, and partnership with key stakeholders to design and deliver on remediation solution.
Responsibilities*
  • Once the review team identifies an issues, this individual will conduct observation management, including: root cause analysis, thematic review of findings, partnership with key stakeholders to design and deliver on remediation solution.
  • Adequately document and retain test results, evidence of observations, and ensure that observed points of weakness in controls and non-conformance are documented in a clear, concise, and actionable manner
  • Support the Observation Management Lead in identification of and working with key stakeholders to review and validate observations
  • Continuously apply lessons learned to recommend opportunities for increased effectiveness and efficiency of our observation management approach
Requirements*
Education*
Education - Chartered Accountant or post-graduate degree in business
Experience Range*
10+ years of which at least 6 years in relevant roles i.e. Regulatory reporting production, legal entity controller, product controller
Foundational skills*
  • Strong background in financial regulatory reporting in the US, the UK and Europe.
  • Deep understanding of prevalent regulatory environment and emerging regulatory expectations
  • Experience of working as a product controller for derivatives, fixed income, equities or retail banking products
  • Demonstrates a healthy skepticism and ability to partner with a multiple stakeholders including, third-party vendor, to understand findings for root cause analysis
  • Controls mindset with ability to perform root cause analysis and design adequate solutions
  • Strong written and verbal communication
  • Committed to continuous improvement of processes to maximize effectiveness and improve efficiency
  • Proven ability to work in a collaborative environment to achieve stated objectives
  • Strong organizational skills and attention to detail, and good with numbers
  • Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)
Desired skills
  • Experience of reading and writing SQL queries (TOAD, Tableau)
  • Experience in working with large datasets
Work Timings*
11:30 am to 8:30 pm
Job Location*
Mumbai

Employment Type: Full Time, Permanent

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What people at Bank of America are saying

4.4
 Rating based on 46 Senior Manager reviews

Likes

Excellent organization for work life balance

  • Salary - Good
    +5 more
Dislikes

Growth opportunities

    Read 46 Senior Manager reviews

    Senior Manager salary at Bank of America

    reported by 532 employees with 8-18 years exp.
    ₹17 L/yr - ₹46.1 L/yr
    52% more than the average Senior Manager Salary in India
    View more details

    What Bank of America employees are saying about work life

    based on 2.9k 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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