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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include General Accounting & Reconciliations, Legal Entity Controllership, Management Reporting & Analysis, Finance Systems Support, Operational Risk and Controls, Regulatory Reporting and Strategic initiatives.
Job Description*
Regulatory Reporting
The Global Regulatory Reporting (GRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high-quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.
Regulatory Reporting team is organized around the types of reports filed and projects group; Key report categorizations include Cross Border, Call & Capital, Non-Bank Subsidiary reporting, Broker dealer reporting teams and projects group.
• The Cross Border reports include reports submitted to Fed (FFIEC 009, FR 2510 etc.) and also to the US treasury (TIC reports)
• The Call team files FFIEC 031/FFIEC 041 and FRY 9C to the Federal Reserve Board. These reports collect basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules. The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The Report of Income schedules provide details on income and expenses.
• The NBS Reporting team - reports on assets, liabilities and Off-balance sheet items for the Non-Banking Subsidiaries of the bank domiciled in US and Outside US.
• Broker dealer reporting team– Supports daily and monthly activities to ensure compliance with Regulation 15c3-3 and 15c3-1
• EMEA reporting team (FINREP, AnaCredit, Statistical and COREP) team supports daily, monthly and quarterly submissions to the EMEA regulators
Responsibilities*
GRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and/or review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries. The scope of the data dictionary includes reporting requirements as prescribed in Regulatory instructions and other regulatory guidance and definitions of data attributes/elements utilized in reports; mapping of source data files from data providers to reportable lines on the schedules; data provider documentation, gap analysis, logging of issues and sign off/approvals from key business partners. Manage communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements. Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities. This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.
The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
Requirements*
Education*
CA/CWA/ CPA /MBA (Finance)
Certifications If Any
Experience Range*
2-3 years of total experience in Banking. Regulatory Reporting experience preferred.
Foundational skills*
Desired skills
Work Timings*
11.30 AM to 12.30 AM (13-hour window – 9-hour shift), Stretch basis report requirements and US Stakeholder support needs
Job Location*
Mumbai
Job details are sourced from the employer's original posting.
Open job postingAbout the company
A default company for India, likely used for testing or placeholder purposes.