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 FAKC (Finance and Accounting Knowledge Center) 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 FAKC 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 defining and documenting the current state and target state processes, and development of documented detailed requirements and acceptance criteria for the project. The role will work closely the 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
• Identify current state processes and hand-offs, and understand the target state scope, objective and business outcomes of the program/project
• Document the detailed requirements (i.e., functional capabilities, workflow needs, business rules, reporting needs, etc.), using the BAC enterprise change management templates, or in the case of Agile, the development of epics and stories
• Document the acceptance criteria and prioritize the requirements
• Create current state/target state process maps
• Facilitate joint review sessions with the business and technology, to ensure prioritized requirements and acceptance criteria are fully understood and signed off
Requirements
Education
Education - Graduate degree in Commerce, Business or Technology.
Certifications If Any - AXIOM / Business Analysis etc.
Experience Range
10 to 14 years
Foundational skills
• Experience as a Functional Business Analyst in technology implementation projects, having written Business requirement documents (BRDs)
• 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
• Proven ability to understand complex business processes and breakdown to process components
• Strong knowledge of creating process maps
• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment
• 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
• Knowledge of US/ EMEA regulatory reports (financial or risk)
• 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 / Gurugram
Job Band:
H6
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0
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 FAKC (Finance and Accounting Knowledge Center) 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 FAKC 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 defining and documenting the current state and target state processes, and development of documented detailed requirements and acceptance criteria for the project. The role will work closely the 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
• Identify current state processes and hand-offs, and understand the target state scope, objective and business outcomes of the program/project
• Document the detailed requirements (i.e., functional capabilities, workflow needs, business rules, reporting needs, etc.), using the BAC enterprise change management templates, or in the case of Agile, the development of epics and stories
• Document the acceptance criteria and prioritize the requirements
• Create current state/target state process maps
• Facilitate joint review sessions with the business and technology, to ensure prioritized requirements and acceptance criteria are fully understood and signed off
Requirements
Education
Education - Graduate degree in Commerce, Business or Technology.
Certifications If Any - AXIOM / Business Analysis etc.
Experience Range
10 to 14 years
Foundational skills
• Experience as a Functional Business Analyst in technology implementation projects, having written Business requirement documents (BRDs)
• 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
• Proven ability to understand complex business processes and breakdown to process components
• Strong knowledge of creating process maps
• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment
• 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
• Knowledge of US/ EMEA regulatory reports (financial or risk)
• 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 / Gurugram
Job Band:
H6
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0
💡 Quick Summary
Seeking a career-building opportunity? The Senior 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.
