Team Leader

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

Global Financial Control India is the global delivery footprint of the bank’s Global Financial Control function within the CFO group and is responsible for multiple functions including U.S. and Regional Legal Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting & Compliance, Operational Risk & Controls Oversight, Finance Change & Production Services and Data Management.

Job Description

The role involves local regulatory reporting for APAC countries. The individual will be part of a team responsible for regulatory reporting, support certain aspects of financial close, assist with implementation of regulatory changes and support in driving change management and operational excellence.

Responsibilities

Finance analyst position responsibilities will include any of the following:

• Analysis and assist in implementation of local regulations applicable to the business
• Preparation of the local regulatory reporting, ensuring flawless delivery of regulatory obligations.
• Interact with country Finance and non-Finance teams, such as Group Ops, to ensure data requirements are understood and met in a timely and adequate manner.
• Build and manage an excellent day to day professional relationship with team and stakeholders
• Respond in a timely and accurate manner to any queries raised by regulators, line management or other stakeholders regarding Local Regulatory reporting.
• Ensure control policies and processes are complied with
• Contribute in implementation of new and enhanced controls
• Assist with risk mitigating actions to ensure adequate control are in place.
• Highlight warning signals to minimize financial and operational risk and assist with timely compliance of internal controls and standards.
• Support adhoc requirement and organisation/region wide projects such as system implementation, change management

Foundational Skills

• Education: CA with 0 -2 years of experience
• Basic working knowledge of Regulatory reporting, analysis, accounting and various finance functions
• Ability to understand the Local Regulatory requirements
• Fundamental understanding of risk management and internal controls
• Excellent written and verbal communication skills.

• Ability to effectively manage multiple priorities.
• Able to work in a fast-paced environment.
• Proficient in the use of Excel, Word and PowerPoint
• Ability to assimilate large amounts of information quickly and to understand complex methodologies and issues.
• Highly motivated, able to work independently, self-starter; and problem/solving/analytical.

Desired skills

• Knowledge MS Excel, Power query, basic accounting
• Good knowledge of financial / banking products (derivatives, swaps, interest, bonds, credit, etc.)
• Working knowledge of Oracle/SAP, SQL, Tableau, SharePoint would be preferred.

Work Timings: Between 7:00 AM – 10:30 PM (Standard shift is 9 Hrs, expectation to stretch during critical activity periods like Month Close)

Job Location: Gurgaon