Mumbai, IND
1 day ago
Manager
Manager Mumbai, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba\_continuum/job/Mumbai/Manager\_25031504-1) **Job Description:** **About us*** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! **Global Business Services*** Global Business Services 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 Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. **Process Overview*** The primary responsibilities of the Regulatory Capital Reporting and Consolidation (RCRC) team within Enterprise Capital Management (ECM) are the timely and accurate computation of the company’s regulatory capital, research to determine causes of unanticipated capital changes, design, construction and testing of tools and methodologies for capital calculation, and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data. Tools that the group develops calculate the amount of capital required to support the asset holdings of the Bank. RCRC is looking for a motivated self-starter who wants to learn how capital is calculated and reported both internally and externally. In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities. They will learn to identify opportunities to enhance tools and processes and create documentation supporting those enhancements. The ability to coordinate projects to bring about change in processes and procedures, quantify the results of such change and communicate these enhancements across ECM, Technology and Compliance is important. Strong quantitative, analytic and communication skills as well as familiarity with banking products are needed. **Job Description*** The teammate in this role is responsible for: (1) managing the Transaction and Conformance Testing, (2) developing and maintaining the data dictionary for capital calculation across different areas within ECM, (3) take a lead role in the development and migration to SABER Connect. As part of the responsibilities of the role, the teammate will develop business partner relationships within ECM, e.g. various workstreams, ECM Technology, Quality Assurance, Capital Risk and Internal/External audit. Throughout the tenure of the role, the teammate will gain exposure and understanding in Basel 3 Capital Calculations for the Corporation, and develop/improve the following skills: communication and project coordination, time management. **Responsibilities*** •Produce monthly and quarterly reports for internal management reviews and sign offs •Prepare schedules to support external reporting requirements for RC/HC-R for FRY 9C, FFIEC 031 FFIEC 101/102 •Demonstrate clear understanding of drivers on capital calculations and the ability to communicate results •Analysis of underlying drivers for periodic changes and variances •Assist with execution of routines to support month-end and quarter end close cycles •Supporting firmwide initiatives and ECM projects around operational risk, supplementary leverage ratio to test complex logics and heavy data sets for regulatory reforms or strategic fixes. •Partner with team to identify continuous improvement on existing routines, leveraging new tools or emerging technology **Requirements*** **Education*** CA/MBA/B.E./CFA/FRM Certifications If Any - NA **Experience Range*** 7 to 8 years **Foundational skills*** •Strong understanding of Basel capital requirements and financials, preferably in a US bank setting • Experience and exposure to markets and banking products. • Proven track record of clear and concise verbal and written communication, comfortable escalating issues to management • Intellectual curiosity, regularly asking questions to enable rapid learning of a complex topic. • Self-starter with ability to be proactive and well organized. • Flexibility in joining meetings during US time zone hours. • CA/MBA/B.E/CFA/FRM with Experience in a relevant role in a financial institution. • Strong Excel skills • Strong attention to detail • Prior experience working in accounting or financial services • Analytical abilities/financial acumen/problem solving skills • Strong control mindset including ability to identify risks and build and maintain associated controls • Proficient in SQL and MS Office tools • Ability to manage multiple priorities in a time-sensitive environment **Desired skills*** •Natural desire to understand intricate processes while seeing the big picture • Good business partnering skills • Experience improving and automating manual processes • Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx, Python) **Work Timings*** 12:30 PM to 9:30 PM **Job Location*** Mumbai Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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