Senior Manager

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*

Reporting and accounting for Global Banking and Markets for APAC, EMEA, LATAM and AMRS Regions. Primarily includes Monthly Financial Packs, Daily Weekly P&L, Expense analysis and Reporting, Expense forecast, Balance Sheet and Trend reporting, Competitor analysis, pre-IR packs, actual v/s forecast analysis and journal postings. Team uses Tableau and Alteryx for Data Management and reporting. Developing, testing, deploying and related governance of emerging tech solutions using any of the tools/but not just limited to Alteryx, Tableau, etc. Team also works on few regulatory reporting as per timelines provided by SEC/External regulators. Team is also involved in Planning & Forecasting cycle on quarterly basis. The capabilities hosted include Management Reporting & Analysis, Research & Analytics, Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data.

Job Description*

Individual will be a contributing member of the Global banking & Markets (GBAM) Finance team. He/ she will drive productivity & accuracy, and generate client satisfaction by providing operational excellence for a wide array of financial planning, analysis & accounting related activities using emerging technology tools like Tableau/Alteryx. Individual will further engaged on various activities including and not restricted to Monthly Financial Packs, Daily Weekly P&L, Expense analysis and Reporting, Expense forecast, Balance Sheet and Trend reporting, Competitor analysis, pre-IR packs, actual v/s forecast analysis and journal postings.

Responsibilities*

• Manage highly analytical deliverables and work One to One with Senior Business Leaders.
• Lead and influence the matrix that supports business strategic direction for the team.
• Contribute through thought leadership with Subject Matter Expert knowledge
• Lead and execute project deliverables; oversee team projects and direct group efforts as needed without any overview
• Work on business decision support with Senior Business Leaders end to end without any overview
• Establish and maintain relevant controls and feedback systems
• Co-ordinate with the business to resolve process bottlenecks at different levels
• Partner closely with stakeholders LOB (as needed) to support reporting routines.
• Lead month-end close and all other associated management reporting.
• Manage research, projects, ad-hoc requests and simplification and standardization efforts.
• Oversee Forecast/Plan and support business reviews strategic direction of the team.
  
  

• Production and reporting of financial reports to key stakeholders and management.
• Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
• Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
• Development & continuous improvement of existing processes & workflow.
• Testing / UAT for systems work ranging from minor system releases to major system implementations.
• Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
• Contributing to Governance process, operational error reporting and support of other internal control process, including Self-Identified Audit Issue and Operational Risk remediation
  
  

• Leading role in driving team projects, including automation and process enhancement.
• Ensure all front to back breaks are understood, and escalated in accordance with standards
• Ensuring a minimum of manual, standalone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.
• Accurate analysis and recording of operational loss events.
  
  

• New Product Review - Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required
• Development and production of Financial Reporting for business reviews
• Review Monthly financial and key performance metrics with Business and discuss key business strategy and plan
  
  

• Experience: 10-12 Years of Industry, FP&A, Finance or Product Control, Valuation control or market risk experience
  
  

• Strong communication, organization, presentation and interpersonal skills, be able to establish strong working relationships with a board range of stakeholders, ability to influence team at remote locations
• Strong business sense and control mindset, demonstrable risk identification and management
• Strong analytical and problem-solving skills with a demonstrated ability to analyze business processes and workflows and deliver required project to a high standard
• Ability and confidence to tackle new concepts and ideas associate with ongoing change in the business
• Ability to build SME knowledge within the group - provide appropriate level of business, product & process training to the peers & teams
• Ability to juggle multiple tasks and responsibilities
• A ‘Can do’ attitude, self-driven and proactive, be innovative and have the ability to generate new and creative ideas
• Attention to detail, strong Excel skills, good working knowledge of accounting concepts
• Good understanding of Global Market business and relevant experience is preferred
• Candidates with emerging technology (Alteryx, Tableau, Workiva) experience is preferred
  
  

• Demonstrated ability to work in a high-pressure environment
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Strong team player
• Ability to analyze issues independently and derive solutions
  
  

• Weekly Offs : Saturday & Sunday
• Timing: Any 9 hours shift between 8:AM to 11:00 PM IST