Bank of America Hiring Team Leader (Mumbai) | Finance Regulatory Reporting

About Us

Bank of America is guided by a common purpose to help make financial lives better through the power of every connection. The company drives Responsible Growth and delivers for its clients, teammates, communities and shareholders.

Being a Great Place to Work and providing a culture of caring is central to this approach. Bank of America works to build an inclusive workplace where every teammate can succeed, build a career and contribute to shared success, with competitive and flexible benefits that support physical, emotional and financial wellness.

The company values perspectives from all backgrounds and career paths, including military service, community college education and a wide range of work and life experiences. It is committed to an in-office culture that supports collaboration, engagement and career development, with an appropriate level of flexibility based on role responsibilities and business needs.

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. It is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, the company operates through five locations 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

CFO is a risk-based program that identifies and confirms data gaps in high risk financial regulatory reports filed by the bank, such as FR Y-9C, FR Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101, COREP, FINREP and AnaCredit, along with Liquidity Reports. The team also supports remediation work required for MRA raised by the FRB for Regulatory Reports filed by the bank.

Job Description

You will execute assessments to review and validate source documents, data source elements and logic against specified business and data regulatory requirements.

Responsibilities

• Review, extract and document key data elements and logic from SQL or other code, and align these elements with key business requirements.
• Examine financial information and data attributes to assess alignment with instructions, including fit for use and BRD (Business Requirements Document) validation activities.
• Assist in issue evaluation and remediation, including identification, remediation, monitoring and escalation of conformance or transaction related non-adherence issues and observations.
• Manage relationships across Finance, Data Management and other line of business support teams.

Work Timings

11:30 am to 8:30 pm