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Assistant Manager

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Bank of America

15d ago

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Mumbai, +1

AI generated summary

  • You need a post-graduate degree, 7-9 years of experience, knowledge of global market regulations, trade processing, counterparty clearing, strong analytical and communication skills, and adaptability.
  • You will ensure timely transaction reporting, analyze data patterns, manage issues, document regulatory changes, track implementation progress, and collaborate with various teams for compliance.

Requirements

  • Education* Post Graduation
  • Certifications If Any : NA
  • Experience Range* 7-9 Years of overall experience
  • Foundational skills*
  • Knowledge and experience with Global Markets regulations such as Dodd Frank, HKMA, ASIC, MAS and EMIR
  • Solid trade processing knowledge; front, middle and back office, (FO, MO, BO).
  • Familiarity with counter party clearing: LCH. Clearnet (London Clearing House), Chicago Mercantile Exchange, Intercontinental Exchange (ICE), CBOE, OCC highly desirable.
  • 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
  • Desired skills*
  • Adapts to changes and has a proven track record of working as part of a global team
  • Ability to assess and mitigate risks and dependencies.
  • Excellent communication and relationship building skills.
  • Proactive and self-starter
  • Work Timings* 12.30 to 21.30 IST
  • Job Location* Gurugram, Mumbai, Hyderabad

Responsibilities

  • Ensuring the completeness, accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes (e.g. Dodd Frank, EMIR, MIFID/MIFIR, etc.)
  • Engagement in designing, implementing and maintaining operation process
  • Generate daily reports and analyze patterns to derive meaningful information
  • Management reporting and issue escalation and resolution
  • Remaining current on the Regulatory Reporting landscape to ensure the firm’s reporting remains in step with changes in regulatory environment
  • Responsible for working closely with GTR and Industry Working Groups(WG)
  • Host WG calls with various internal groups to implement the industry/regulatory changes for MAS, HKMA and other Asian jurisdictions
  • Track the progress of the implementation of changes and work closely with various team in FO/MO/Dev teams and Reporting Dev team
  • Responsible to document the changes and work closely with the compliance teams
  • Raise breach as per the guidelines and ensure remediation of the issue
  • Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO/MO/Tech to fix them
  • Review controls on regular basis and challenge status quo
  • Work with change and initiative team on new changes and provide requirement for controls ahead of going live with new jurisdiction

FAQs

What is the job title for this position?

The job title for this position is Assistant Manager.

What is the main focus of the Assistant Manager role?

The main focus of the Assistant Manager role is ensuring completeness, accuracy, and timeliness of transaction reporting submissions across multiple regulatory regimes.

What are the working hours for this position?

The working hours for this position are from 12:30 PM to 9:30 PM IST.

What kind of experience is required for this role?

A candidate is required to have 7-9 years of overall experience, particularly in the field of regulatory reporting.

What tools or skills are necessary for this position?

Experience in using BI tools like Alteryx and Tableau, strong analytical skills with large data sets in Excel, and a solid understanding of global markets regulations such as Dodd Frank, HKMA, and EMIR are necessary for this position.

Is there any specific educational requirement for this role?

Yes, the educational requirement for this role is a Post Graduation degree.

Will I need to collaborate with other teams in this role?

Yes, collaboration with various teams such as Front Office (FO), Middle Office (MO), Business Analyst teams, and Compliance teams is essential.

Are there opportunities for career growth in this position?

Yes, working at Bank of America offers opportunities to learn, grow, and make an impact, thus providing a pathway for career advancement.

Is experience in regulatory queries a requirement for this job?

Yes, having exposure to working on regulatory queries and liaising with Compliance and regulators is an integral part of the role.

Do we support flexible work arrangements?

Yes, we support flexible work arrangements depending on various roles in the organization.

Is the Assistant Manager role more hands-on or strategic?

The Assistant Manager role is very hands-on, ideal for someone proactive with a willingness to learn and adapt.

What kind of skills will help succeed in this role?

Skills such as strong communication, organization, risk assessment, and ability to work independently are key to success in this role.

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Bank of America

Helping to make financial lives better through the power of every connection.

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Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, 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. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.