Sr. Operations Manager
Bank of America
Gurgaon, Haryana
Gurugram, India
Job number: 19033767
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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

The FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Legal Entity Control, Regulatory Reporting, Control Governance, Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Financial Transaction Processing and Finance Systems Support. Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description*

The role involves accounting, month end close, regulatory reporting for Asia including capital and liquidity reporting, and management reporting responsibilities

Responsibilities

GFC APAC Controller AVP role includes, but is not limited to the following responsibilities:

Provide oversight, review, governance of day to day responsibilities of the Finance function including accounting processes and reporting, regulatory reporting for Asia entities, fix data quality issues, management reporting and variance analysis, local GAAP reporting, etc.
Preparation and Oversight of Regulatory Reporting returns or reports for capital and liquidity reporting for regulators e.g. HKMA, MAS, SAFE
Ensuring accurate and timely submission of data to Controllers
Key contributor to business initiatives with Subject Matter Expertise
Work closely with various business partners e.g. financial controllers, technology, treasury etc. to drive and manage change and improvements
Assist in implementing change management in the Finance area, through enhancements of reporting processes and structure, streamlining of reporting responsibilities between local and regional teams, and automation of regulatory reporting
Responsible for fulfilling the statutory and regulatory reporting requirements, including reports and presentations to the Board Committees and Board of Directors, the Central Bank and other regulators
Exercise judgment and critical thinking in identifying potential risks, control trends in assigned business areas as well as impact to the business and to the Bank overall by applying business acumen
Support achievement of business goals by working on complex activities or projects with others within the team and with various partner relationships

Requirements

Mandatory Skills

Education – CA / CPA or MBA from a premier institute
15+ years of experience in finance, accounting, regulatory reporting (capital and liquidity preferred) in banking / financial services
Exposure to International Accounting & Reporting Standards (US GAAP’s, FAS, IFRS)
Sound understanding of various key regulations, including Capital Adequacy Reporting. LCR, single-borrower limits etc.
Good knowledge of financial products (derivatives, swaps, interest, bonds, credit, etc.)
Good understanding of system linkages and data flows
Strong computer skills (advanced excel and macro/access), Oracle/SAP experiences. Exposure to emerging technologies is desirable
Excellent written and verbal communication skills

Desired Skills

Self-motivated and independent having a control mindset
Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes
Able to work in a fast paced, deadline oriented environment

Work Timings*

Asia but should be flexible

07:30 to 16:30 IST

Job Location* Gurugram

Posting Date: 04/11/2019

Location:
Infospace
  • India