Bank of America Corporation
Location
North Carolina | United States
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 (GBS) 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*
Global Finance 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, Treasury Management Support on Capital, Liquidity and Balance Sheet Management, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support & Regulatory reporting. Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.
Enterprise Capital management (ECM) implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end-to-end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings. ECM interfaces with banking regulators globally on all capital related matters.
The GBS ECM team, which is part of the Treasury organization within CFO division, is a new capability that will support the ECM in delivering the Regulatory Capital calculations at both Bank of America (BAC) enterprise level and at standalone entity levels. This team will be responsible for developing, implementing and running the capital calculation for Securitization products and for upcoming GSIB capital requirements.
Job Description*
This role is for a subject matter resource responsible for regulatory capital calculations for securitization product. The resource will be responsible for (1) understanding and defining the regulatory capital requirements for the US Banks, (2) owning the capital calculation engine for the product and driving any updates or changes as maybe required from time to time and (3) ensuring for timely completion of the calculation process and associated governance. It requires working closely with the Calculations team lead in the US, the finance and business partners, including upstream / downstream stakeholders and Technology to ensure an complete, accurate and timely deliverable.
Responsibilities*
Requirements*
Education*
Education – Chartered Accountant or post-graduate degree in business
Experience Range*
3-7 years of which at least 1 years in relevant roles i.e. regulatory capital calculations and/or capital reporting and/or securitization product controller
Foundational skills*
Desired skills
Work Timings*
11:30 am to 8:30 pm
Job Location*
Mumbai
Job tags
Salary
