Assistant Manager Job Vacancy in Bank of America Gurgaon, Haryana – Updated today
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Full Details :
Company Name : Bank of America
Location : Gurgaon, Haryana
Position :
Job Description : Job Description:
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 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 testing is a risk based program to identify, confirm and log 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 and also operating as key control towards CFO Attestation process for FRY 14Q/M. 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*
The CFO testing team is responsible for testing high risk regulatory reports such as FR Y-14, FR Y-9C,Y-15, FFIEC031/041, 009, 101, 102, etc. to identify and report any material errors, omissions, and control weaknesses in preparation of these key reports, such that these issues are formally raised and remediated towards improving the data quality.
This position will work closely with some of the key stakeholders/LOB to execute the enterprise-wide framework, methodology, procedures/guidelines for CFO Testing team. This position will interact with various levels of management, drive process improvements, and gain exposure to a wide variety of the Company’s businesses as part of an expanding CFO Testing team.
Responsibilities*
Perform the testing of various regulatory reports & products.
Work closely with the test development team to identify any gaps in the test approach/methodology.
Verify if the legal documents provided are fit for testing.
Support the Test Leads/Owners to close the loop on the observations identified during test execution.
Stay current on latest FRB requirements and guidance on key regulatory reports.
Prepare/Update program governance documents.
Drive continuous process improvements.
Requirements*
Education*
Commerce Graduate/Chartered Accountant/CPA/CFA/CPA/MBA/Master’s degree or equivalent in Accounting and/or Finance Certifications If Any
Certifications If Any
Experience Range*
4 years to 7 years
Foundational skills*
Good knowledge of banking products
Regulatory Reporting/Liquidity reporting exposure
Experience in Performing QA/Testing/Audit
Eye for detail
Ability to engage/collaborate with management at various levels
Desired skills
Experience in US regulatory reporting/Liquidity Reporting/Audit
Experience in performing QA/Testing/Audit
Proficient in the use of Excel, PowerPoint, and Word
Experience and/or emerging technology tools like Alteryx, Tableau, VBA, Sharepoint will be an advantage.
Work Timings*
11:30AM to 8.30PM
Job Location*
Gurugram/GIFT
Job Band:
H7
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0
This post is listed Under Accountant
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