Assistant Manager (Mumbai)

Assistant Manager (Mumbai)

26 Sep
|
Bank Of America
|
Mumbai

26 Sep

Bank Of America

Mumbai

Assistant Manager Mumbai, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Assistant-Manager_26034628) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Assistant-Manager_26034628) Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Assistant-Manager_26034628) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Assistant-Manager_26034628) **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: + Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required + Responsible for maintaining and ensuring completeness of process work papers and related documentation + Reporting in compliance with the US GAAP and regulatory requirements + Variance analysis, ensuring compliance with FED requirements. + Drive and support Audit/Regulatory examination/Identify and remediate SIAI/AIAIs etc. + Independently handle reviews/calls with the senior management, Audit, Regulators etc. + Proficient with working on various systems and applications and understanding the data flows in the context of specific product domains viz. securities, investments, derivatives etc + Work closely with teams across the organization including Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC (Global Financial Control) teams to resolve regulatory reporting issues. + Be a quick learner and possess intellectual curiosity and proactively investigate issues + Strive for quality and accuracy and have the dependability necessary to meet strict quarterly deadlines + Pay rigorous attention to compliance procedures **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*** + Strong Accounting and reporting skills + US regulatory Report preparation experience viz FR Y-9C, FFIEC 031, FR 2900, FR 2915, FR 2590, FR 2510, FFIEC 009, FR Y-14Q, FR Y-14M, Summary of deposits report, FDIC Reports, FINREP, AnaCredit, Statistical, COREP reports etc. + Strong understanding of the reporting instructions + Proficiency in Axiom- Regulatory Reporting application + Basic SQL to fetch data from the data source + Excellent communication skills + Ability to understand the financial statements pertaining to Banking Industry + Strong analytical skills with strong time management skills. + Having positive exposure to MS office including MS Word, Advanced Excel (including VBA)



and Power point. + Team player **Desired skills** + US GAAP knowledge is preferred + Alteryx, Tableau, SQL, Power BI + Understanding of Banking products like Deposits, Loans and Leases, Securities, Derivatives & commitments **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 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster. View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason. Investment products offered through MLPF&S; and insurance and annuity products offered through MLLA: **Are Not FDIC Insured** **Are Not Bank Guaranteed** **May Lose Value** **Are Not Deposits** **Are Not Insured by Any Federal Government Agency** **Are not a condition to Any Banking Service or Activity** Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S;" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S; is a registered broker-dealer, registered investment adviser, **Member SIPC** and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). Bank of America Private Bank is a division of Bank of America, N.A. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. © 2026 Bank of America Corporation. All rights reserved.

📌 Assistant Manager (Mumbai)
🏢 Bank Of America
📍 Mumbai

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