Job Description
Job Description:
Overview (Bank overview, GBS India overview, Function Overview)
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
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.
Job Description
Regulatory Reporting
The Centralized Regulatory Reporting (CRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.
Regulatory Reporting team is organized around the types of reports filed and projects group Key report categorizations include Cross Border, Call & Capital, Non-Bank Subsidiary reporting, Broker dealer reporting teams and projects group.
. The Cross Border reports include reports submitted to Fed (FFIEC 00+, FR 2510 etc.) and also to the US treasury (TIC reports)
. The Call team files FFIEC 031/FFIEC 041 and FRY +C to the Federal Reserve Board. These reports collect basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules. The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The Report of Income schedules provides details on income and expenses.
. The NBS Reporting team - reports on assets, liabilities and Off balance sheet items for the Non Banking Subsidiaries of the bank domiciled in US and Outside US.
. Broker dealer reporting team- Supports daily and monthly activities to ensure compliance with Regulation 15c3-3 and 15c3-1
. The Projects group is involved in Governance & Control and Issue management support.
Responsibilities
CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for review and manage the call report preparation process. The candidate will also be responsible for review of other regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries. Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements. Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities. This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.
The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
. Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required
Overview (Bank overview, GBS India overview, Function Overview)
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
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.
Job Description
Regulatory Reporting
The Centralized Regulatory Reporting (CRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.
Regulatory Reporting team is organized around the types of reports filed and projects group Key report categorizations include Cross Border, Call & Capital, Non-Bank Subsidiary reporting, Broker dealer reporting teams and projects group.
. The Cross Border reports include reports submitted to Fed (FFIEC 00+, FR 2510 etc.) and also to the US treasury (TIC reports)
. The Call team files FFIEC 031/FFIEC 041 and FRY +C to the Federal Reserve Board. These reports collect basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules. The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The Report of Income schedules provides details on income and expenses.
. The NBS Reporting team - reports on assets, liabilities and Off balance sheet items for the Non Banking Subsidiaries of the bank domiciled in US and Outside US.
. Broker dealer reporting team- Supports daily and monthly activities to ensure compliance with Regulation 15c3-3 and 15c3-1
. The Projects group is involved in Governance & Control and Issue management support.
Responsibilities
CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for review and manage the call report preparation process. The candidate will also be responsible for review of other regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries. Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements. Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities. This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.
The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
. Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
