Introduction
Are you an experienced professional with a strong background in financial markets, regulatory liquidity reporting, and testing processes? Bank of America is hiring a **Senior Manager** in Mumbai. This role offers an opportunity to lead conformance testing for regulatory reports, collaborate with global teams, and drive critical financial operations. Join one of the world’s leading financial institutions and contribute to its mission of Responsible Growth.
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About Bank of America
At Bank of America, we are committed to making financial lives better through Responsible Growth. Guided by our values, we strive to create an inclusive workplace and offer competitive benefits to support the well-being of our employees. Bank of America is dedicated to delivering exceptional services to clients, teammates, and communities around the world.
Global Business Services Overview
The Global Business Services (GBS) division provides technology and operations support to Bank of America’s Lines of Business. Operating in five locations across India, GBS ensures operational resilience, innovation, and flawless execution. The Mumbai team focuses on Corporate Treasury and Global Liquidity Management, delivering key solutions for regulatory compliance and risk assessment.
Job Overview
The **Senior Manager** role in Mumbai focuses on end-to-end conformance testing for regulatory liquidity reporting. This involves identifying testing scopes, building and executing test plans, collaborating with global stakeholders, and ensuring compliance with regulatory instructions. The role requires expertise in financial market products, regulatory reports, and SQL, along with strong communication and analytical skills.
Key Responsibilities
- Lead conformance testing for regulatory liquidity reporting, including LCR, NSFR, and other global reports.
- Develop and execute comprehensive test plans, including sampling criteria and information requirements.
- Collaborate with global teams to gather reporting instructions, business requirements, and sourcing logic.
- Translate SQL code into plain English and ensure accurate testing of logic and transformations.
- Document and report test findings, escalate disputes, and agree on remediation plans with stakeholders.
- Ensure compliance with regulatory instructions and drive operational improvements.
Requirements and Skills
Education and Experience
- Graduate/Post-Graduate (MBA – Finance or equivalent).
- 10+ years of experience in Finance, Accounts, or Risk Management, with 5+ years in liquidity or market risk.
Foundational Skills
- Strong understanding of financial market products (banking and market products).
- Expertise in regulatory liquidity reporting (LCR, NSFR, 2052a, PRA 110, ALMM, etc.).
- Proficiency in SQL and advanced Microsoft Excel.
- Experience in building and executing test plans.
- Strong verbal and written communication skills.
- Ability to prioritize tasks and manage concurrent issues.
Desired Skills
- Knowledge of Tableau or Alteryx for data visualization.
- Experience in automation tools and processes.
Why Join Bank of America?
- Work for a globally recognized financial institution committed to Responsible Growth.
- Collaborate with a diverse and inclusive team of experts.
- Gain access to industry-leading tools, technologies, and resources.
- Enjoy competitive benefits supporting physical, emotional, and financial well-being.
- Make a meaningful impact on global financial operations and reporting.
How to Apply
Are you ready to take on the challenge of a senior leadership role in regulatory liquidity reporting? Apply now for the **Senior Manager** position at Bank of America in Mumbai. Visit the Bank of America Careers Page to submit your application.