Manager

Location

North Carolina | United States

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*

CFO Data Management India team was set up in 2023 as a part of the CFO Global Delivery strategy to provide offshore delivery to CFO Data Management, part of  Enterprise CFO functions, consolidating legacy functions of Finance Data Management and Treasury Data Management . The capabilities hosted include Data Analysis, Product specialists with understanding of underlying Data for Liquidity/ Regulatory Reporting, Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing and Finance Systems Support

Data Management team enables the Finance Organization and supports data needs of finance business users

The Data Management team is involved in various activities (including, but not limited to):

Regulatory Reporting related data management Activities: Team support activities related to US and EMEA Regulatory reports, data validation and resolution of Data quality issues. Team performs a critical role in providing centralized support for Global Banking and Market products ( Treasury, Traded, Loans & Deposits etc.)  data validation and analysis for internal and external Liquidity reporting.  Team is engaged in activities such as validation of data for regulatory reports, data quality issue resolution, data reconciliation with authoritative sources and posting adjustments. Team actively works on strategic initiatives aimed at improving the quality of numbers reported in regulatory reports  Data Sourcing and provisioning: This includes defining and implementing data provisioning strategy to source the data from all lines of business into regulatory reports and management reports. Team is actively involved in sourcing initiatives where it works with various source systems, technology teams and report owners to source the data into regulatory reports as per regulator and stakeholder requirements.

Job Description*

Individual will be a contributing member of the Data Management team with engagement in activities like production data validation, data governance, master data management, metadata management, restatements, data sourcing/research, issue resolution and projects like ADS.

Team also provides financial data & Product analysis & reporting to our various lines of business. This requires strong database knowledge and ability to write complex SQL queries to fetch data.

Responsibilities*

Individual will be required to perform following responsibilities (this is an indicative list and could vary depending on business priorities)

• Work directly with partners in  Global Regulatory Reporting , Global Liquidity Management, Enterprise Capital Reporting, etc., to understand their needs and the related market products data implications

• Continually grow and expand market products and use-case knowledge, with a focus to understand the ‘why’, to anticipate and proactively address questions and issues before they occur

• Leverage SQL, Excel, and other analytics tools to identify and understand data issues, quantify impacts, or provide answers to time-sensitive business, audit, and regulator questions

• Ability to debug SQL/oracle procedures to fix them and also able to write them from scratch as per project requirement

• Engage with upstream data providers and Treasury technology teams to develop and test innovative solutions to address those needs as part of Agile Change Management processes

• Constantly evaluate our processes to ensure data risks are identified and properly mitigated, while seeking opportunities to simplify, automate, and improve wherever/whenever possible

• Data validation & reconciliation: production support, monthly trend analysis or ad hoc analysis

• Data sourcing, mapping and analysis, reporting

• Lead Projects (eg. Authoritative Data Sources adoption): laying test cases & writing test scripts, testing data- analyze results of testing –identify defects and solution for items out of tolerance.

• Coordinate with business partners, project management team, technology as per requirement in the project

• Documentation – Provide Inputs on the Project documents etc.

• Continually identify process improvement opportunities

Liaison and Change

• Build relationships across CFO DM teams including stakeholders e. g. Technology, Treasury, Liquidity to understand and resolve accounting and reporting issues.
• Support change agenda across group and ensure processes are efficient, consistent, and sustainable, making best use of technology.
• Supporting DM and  enterprise Operational Excellence initiatives

• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc

Requirements*

Education*

Excellent Finance background (Commerce graduate/Finance Postgraduates )

Certifications If Any

Experience Range*

6 to 8 years

Foundational skills*

• Dynamic, high energy, solid work ethic, willing to take on new defined and undefined initiatives
• Ability to think laterally and identify possible solutions to problems
• Able to excel and influence in a cross-functional team structure
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Driven to learn and develop new skills.
• Self-motivated and independent having an excellent control mindset.
• Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes.

• Able to work in a fast paced, deadline-oriented environment.
• High level of ownership and attention to detail                                                                                 
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge.
• Ability to self-manage and prioritize, pursue goals and consistently deliver results.
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge.
• Ability to self-manage and prioritize, pursue goals and consistently deliver results.
• Flexibility and good negotiations skills
• Proficient in the use of SQL, Excel, Word, PowerPoint and MS Access
• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc
• Driving innovation and transformation in finance

Desired skills

SQL, Product Knowledge, Alteryx, Data Analysis, Regulatory reports knowledge

Work Timings*

9 hours shift between 11 AM and 11 PM

Job Location*

Mumbai/GGM

Job tags

Salary