Manager Hyderabad, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge 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/Hyderabad/Manager\_25021058) **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 Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities they build address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing their activities, GRA and EIT drive innovation, process improvement and automation. **Job Description*** This job is responsible for identifying, analyzing and resolving complex problems in US regulatory reporting process. The primary responsibility is to test assigned regulatory reports in an accurate and timely manner in accordance with the US GAAP and instructions from regulatory authorities, which requires in-depth knowledge of financial products, financial accounting and regulatory reporting as well as understanding of the financial industry. + Reconcile reporting data and perform variance analysis. + Ensure that changes on the reporting instructions made by the regulatory authorities are incorporated within the reports submitted. + Coordinate with multiple stakeholders across organization. + Support management and team members. **Responsibilities:** + Design and manage testing based on enterprise needs for pre-submission testing of FR Y-14Q/M, FFIEC031 etc., regulatory reports. + Experience in the financial service working with large banks clients extensively on engagements involving regulatory reporting system testing and implementation, regulatory data quality, report assurance. + Thorough understanding of regulatory capital framework, BASEL III standardized and advanced approaches, country risk reporting, liquidity reporting, RWA calculations and interpretations. + Determine appropriate and defendable conclusions for test efforts based on test type, sampling and scope. + Evolve testing methods and processes in support of OPEX including increasing efficiency and coverage while reducing stakeholder impacts. + Manage ad hoc efforts (projects, etc.) and SIAI/audit issues from initiation through completion. + Manage and develop a robust and nimble team and drive the transformation of skillsets to support new testing approaches. + Accountable for quality testing execution, reporting and analysis of results. + Perform data profiling exercise for the targeted critical data elements. + Develop regulatory reporting dashboard to align to the strategic goals. + Develop rules to automate the regulatory instructions. + Mentor and lead the team. + Documentation of observations and socialize with the relevant stakeholders. + Prepare documentation after every quarter for lessons learnt and automation capabilities. **Requirements*** **Education*** + Bachelor’s degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration **Foundational /Desired skills*** + Knowledge of key reporting requirements such as FR Y-15, FR Y-9C, FR Y-9LP, FFIEC 031, FR Y-14Q/M/A, FFIEC 101, FR2052a etc. + Experience in working on projects to improve the existing reports, enhance data quality and traceability. In depth understanding of various QA testing activities like Conformance, Data profiling and Validation. + High degree of comfort when working with data and spreadsheets (e.g. pivot tables and lookups) + Good presentation and communication skills, both written and oral. Ability to communicate effectively on abstract risk management concepts. + Ability to quickly absorb financial concepts and apply them to real world situations. + Wide range understanding of controller view objects, including Data Sources, Data Model, Aggregation, Shorthand, Portfolio, Modify models, Free form/Tabular reports, etc. + Proven self-dependent AXIOM coding experience with the ability to work without guidance or support. + Experience in working in Agile projects, including participation in Backlog grooming, sprint panning, and Daily stand-up meetings. + Resolve challenging issues, often with limited information in AXIOM to meet regulatory deadlines. + Understanding of Credit risk, Liquidity risk and Market risk + Stakeholder management + Certified FRM / CFA or any equivalent (Good to have but no mandatory) **Work Timings*** 11:30 PM to 08:30 PM **Job Location*** Hyderabad / Gift City 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. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . 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.