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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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*
CFO is a risk-based program to identify & confirm data gaps in various high risk financial regulatory reports filed by the bank like FR- Y-9C, FR- Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101, COREP, FINREP & AnaCredit & Liquidity Reports. The team also forms an integral part of the remediation work required for MRA raised by FRB for Regulatory Reports filed by the bank.
Job Description*
Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulatory 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.
- 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*
CA/CPA, Bachelor’s or Master’s degree in finance
Experience Range*
3 - 5 years experience
Foundational skills*
- Exposure to US regulatory reports such as FRY-9C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 009 or EMEA regulatory reports like COREP, FINREP & AnaCredit.
- 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.
- 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*
MUM/HYD/CHN
