Description

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

NTCR Strategy , Change and Transformation team is focused on delivering regulatory changes and performing day to day operations for all transaction reporting operations.

Job Description

• Business Analysis throughout full project lifecycle including definition of problem statement, requirements, creation and execution of test plans, and ensuring business readiness for implementation.
• Ensuring appropriate due diligence is performed when resolving breaches ensure root cause, impact and any remediation actions are truly understood and documented.
• Continued focus to ensure oversight on other breaches and perform remediation activities to mitigate the risk of reoccurrence
• Managing audit trail of the remediation of each breach with appropriate review, documentation and sign off
• Ensure appropriate escalation and management information to operations, LOB areas and governance routines.

Responsibilities

• Manages risk and ensures documentation is in place to record the details of project delivery and testing to audit standard.
• Day to day activities includes thorough research on Breaches creating business documentation and tracking deliverables as required.
• Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate UAT or Regression testing is performed.
• Managing the back-reporting of all remediation items, including working with technology teams to define the requirements, and co-ordinate the submission of back reports

• Strong analytical skills and experience working with large data sets in Excel.
• Excellent organizational skills to track many concurrent activities.
• Strong communication skills, both written and verbal.
• Ability to work independently and assess relative priority among competing issues.

Requirements

Education : Post Graduation

Experience Range : 4-6 years

Foundational skills*

• Considerable business analysis, project management, data analysis and testing skills/experience are required for this role
• Exposure to working with remediation of regulatory mis- reporting is an advantage.
• Familiar with key regulations covered by TR Ops: EMIR, MIFID (desired: REMIT, SMMD, MIFID II)
• Experience of working in Banking MO, Operations or other relevant functions
• Experience in remediating transaction reporting issues, including back-reporting
• Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)
• Product specific knowledge inside / outside of transaction reporting operations
• Experience in key transaction reporting systems and how they interact with each other
• Strong analytical skills and experience working with large data sets in Excel.
• Strong communication skills, both written and verbal

Desired skills

• Ability to assess and mitigate risks and dependencies.
• Excellent communication and relationship building skills.

Work Timings : 12:30-21:30 IST

Job Location : CHENNAI/Gandhinagar