Job Description
Job details
Job Type
Full-time
Full 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 Financial Control India (GFC India) 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 Legal Entity Controllership, General Accounting & Reconciliations, Regulatory Reporting, Operational Risk and Control Oversight, Finance Systems Support, etc.
CFO-ORCO team is responsible to provide governance and oversight to effectively manage Operational Risk across the CFO Organization.
Job Description
Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulator 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
• May participate in data analytics across large data sets to support sampling 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
Bachelor's or Master’s degree in Finance
Experience Range
6+ years’ experience
Foundational skills
• Exposure to US regulatory reports such as FRY-+C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 00+
• 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.
• Risk management mindset with ability to work independently, identify issues, work for solutions and know when and how to escalate appropriately
• 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
Job Band:
H6
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0
Job Type
Full-time
Full 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 Financial Control India (GFC India) 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 Legal Entity Controllership, General Accounting & Reconciliations, Regulatory Reporting, Operational Risk and Control Oversight, Finance Systems Support, etc.
CFO-ORCO team is responsible to provide governance and oversight to effectively manage Operational Risk across the CFO Organization.
Job Description
Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulator 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
• May participate in data analytics across large data sets to support sampling 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
Bachelor's or Master’s degree in Finance
Experience Range
6+ years’ experience
Foundational skills
• Exposure to US regulatory reports such as FRY-+C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 00+
• 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.
• Risk management mindset with ability to work independently, identify issues, work for solutions and know when and how to escalate appropriately
• 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
Job Band:
H6
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0
💡 Quick Summary
Seeking a career-building opportunity? The Sales 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.
