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Job 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. 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 Finance 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 Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support etc.Over the years, the scope of India Team has expanded to include operations for Risk and Compliance, Data Management etc.

Job Description.

The CFO Operational Risk & Compliance Oversight (CFO ORCO) Team provides support to CFO function and works to ensure consistent risk management globally. The function is an independent risk partner within the 1st line of defense, but the key point of contact for second and third line of defense across the enterprise. The Risk Management includes risk management related reporting, risk based reviews, process documentation reviews, risk training and awareness and participating in any Global Risk Projects for CFO. The team is also involved in Risk performance Monitoring and tracking all the findings of the control validation reviews and self-identified issues. The following would be expected:

. Deliver sustainable, accurate, and well-controlled outcomes.

. Manage end-to-end delivery of time-critical projects, leveraging strategic insights and automation to drive efficiency.

. Handle a mix of standard and ad-hoc deliverables aligned with dynamic business needs.

. Build robust processes ensuring data quality and completeness across all CFO-related projects.

. Maintain strong stakeholder engagement and continuously improve processes with a clear understanding of their purpose and impact.

Responsibilities.

Build a Risk culture to stay Accurate and Well Controlled, key responsibilities include the following:

. Identification & Mitigation of risk issues, thereby promoting strong risk culture

. Assist control effectiveness and process readiness

. Preparing content and presenting in Risk Governance forums

. Execution of CFO Control implementation & practice activities

. Assist in development of training material and conduct sessions to familiarize and drive adoption of risk related policies and programs

. Coordinate with Risk Coordinators on initiatives & control projects implementation, track progress to provide consolidated summary and reporting on status

Requirements.

Education.

Chartered Accountant or CPA designation / Master's degree or equivalent in Accounting and/or Finance

Certifications If Any

Certification in Operational Risk Management would be preferred

Experience Range.

7+ Years of overall experience in Accounting /Finance / Operational Risk

Foundational skills.

  • Control mindset along with experience in Finance and Accounting processes (Controllership /Reporting roles)
  • Ability to drive risk framework related discussions and present in risk forums
  • Understanding of Single Process Inventory (SPI)
  • Working knowledge of Tableau/ Alteryx and usage of AI (Copilot)
  • Strong Leadership, influencing, communication and presentation skills
  • Skills to navigate the complexities of aligning with senior stakeholders, building consensus and resolving conflicts
  • Ability to influence peers/stakeholders and other leaders across various lines of business
  • Ability to engage with management at various levels on risk management and related compliance matters
  • Ability to drive initiatives with a track record of successful change and making difficult decisions
  • Ability to decompose complex issues and drive timely decisions

Desired skills

Work Timings.

11:30 am to 8:30 pm

Job Location.

Mumbai/ Gurgaon

More Info

About Company

The Bank of America Corporation (commonly referred to as Bank of America&#x3B; often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the eighth-largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States.It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking

Job ID: 147110351

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