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
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, Regulatory Reporting and Risk and Compliance.
Job Description
Europe Regulatory Reporting Group has overall responsibility for regulatory reporting for the Europe entities and branches. This includes those in the UK, Ireland and France. The individual will be part of a team responsible for the regulatory reporting activities encompassing but not limited to COREP, FINREP, Anacredit & Statistical Reporting to CBI, PRA and other regulators.
Responsibilities
FINREP Reporting- Responsibility will include
• Responsible for preparation/review of quarterly FINREP templates.
• Strong eye for detail with experience in IFRS reporting/FINREP reporting.
• Ability to work with minimal support and guide the team on issues faced by them
• Should have functionally worked on implementation of regulatory/taxonomy changes.
• Responsible for dealing with stakeholders across functions and hierarchy within the Bank.
• Identifying improvement opportunities and leveraging resources available to implement the ideas.
• Ensure adherence to Process & Governance routines.
Requirements
Education
Chartered Accountant/FRM
Certifications If Any
IFRS Diploma
Experience Range
7 to + years
Foundational skills
• Regulatory reporting experience in a financial services business specially focussed on European Regulatory Reporting
• Experience with EBA CRD recommended FINREP/ Corep reporting
• Prior experience of AXIOM platform
• Detail-focused and structured approach to defining, executing and evidencing deliverables
• Problem solving; curiosity; ability to think laterally and identify several possible solutions to problems
• Dynamic, high energy, solid work ethic, willing to take on new initiatives some of which may initially lack definition
• Ability to think laterally and identify several possible solutions to problems
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Remaining positive in the face of challenge
• Able to work in a fast paced, deadline oriented environment
• Demonstrate ability to work in a team, while contributing individually and across other teams
• Flexibility and good negotiations skills
• Proficient in the use of Excel, Word and MS Access
Desired Skills
• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc
Work Timings
11:30 am to 08:30 PM IST (Flexible on month end)
Job Location
Mumbai/GGN
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
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, Regulatory Reporting and Risk and Compliance.
Job Description
Europe Regulatory Reporting Group has overall responsibility for regulatory reporting for the Europe entities and branches. This includes those in the UK, Ireland and France. The individual will be part of a team responsible for the regulatory reporting activities encompassing but not limited to COREP, FINREP, Anacredit & Statistical Reporting to CBI, PRA and other regulators.
Responsibilities
FINREP Reporting- Responsibility will include
• Responsible for preparation/review of quarterly FINREP templates.
• Strong eye for detail with experience in IFRS reporting/FINREP reporting.
• Ability to work with minimal support and guide the team on issues faced by them
• Should have functionally worked on implementation of regulatory/taxonomy changes.
• Responsible for dealing with stakeholders across functions and hierarchy within the Bank.
• Identifying improvement opportunities and leveraging resources available to implement the ideas.
• Ensure adherence to Process & Governance routines.
Requirements
Education
Chartered Accountant/FRM
Certifications If Any
IFRS Diploma
Experience Range
7 to + years
Foundational skills
• Regulatory reporting experience in a financial services business specially focussed on European Regulatory Reporting
• Experience with EBA CRD recommended FINREP/ Corep reporting
• Prior experience of AXIOM platform
• Detail-focused and structured approach to defining, executing and evidencing deliverables
• Problem solving; curiosity; ability to think laterally and identify several possible solutions to problems
• Dynamic, high energy, solid work ethic, willing to take on new initiatives some of which may initially lack definition
• Ability to think laterally and identify several possible solutions to problems
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Remaining positive in the face of challenge
• Able to work in a fast paced, deadline oriented environment
• Demonstrate ability to work in a team, while contributing individually and across other teams
• Flexibility and good negotiations skills
• Proficient in the use of Excel, Word and MS Access
Desired Skills
• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc
Work Timings
11:30 am to 08:30 PM IST (Flexible on month end)
Job Location
Mumbai/GGN
💡 Quick Summary
Seeking a career-building opportunity? The Manager 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.
