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 Legal Entity Controllership, General Accounting & Reconciliations, Regulatory Reporting, Operational Risk and Control Oversight, Finance Systems Support, etc.

Our group supports the Finance function for the Consumer Banking, Wealth and Investment Management business teams across Financial Planning and Analysis, period end close, management reporting and data analysis.

Job Description

• The candidate will be responsible for Financial Planning and Analysis (FP&A) for the Consumer Banking, Wealth and Investment Management business, and in addition will be responsible for analysis of data for decision making by senior leadership.
• The candidate will play a key role in the Team responsible for FP&A and data analysis and would manage multiple projects in parallel by ensuring adequate understanding of the requirements to deliver data analysis solutions.
• These projects would be complex and time critical which would require the candidate to comprehend & evaluate the strategic business drivers to bring in efficiencies through automation of existing reporting packages or codes.
• The work would be a mix of standard and ad-hoc deliverables based on dynamic business requirements.
• Technical competency is essential to build processes which ensure data quality and completeness across all projects / requests related to business.
• The core responsibility of this individual is process management to achieve sustainable, accurate and well controlled results.
• Candidate should have a clear understanding of the end-to-end process (including its purpose) and a discipline of managing and continuously improving those processes.

Responsibilities

• Preparation of various FP&A reports (revenue, headcount, other KPIs etc.) including performing variance analysis
• Responsible for the forecasts and planning/budgeting process. Review and analyze variances and ensure alignment with the forecast
• Perform month end review and control
• Responsible for the preparation of various business reviews and ad-hoc financial analysis to support senior management decisions
• Understand business requirements and translate those into deliverables. Support the business on periodic and ad-hoc projects
• Managing and improving the work: develop full understanding of the work processes, continuous focus on process improvement through simplification, innovation and use of emerging technology tools, and understanding data sourcing and transformation.
• Managing risk: managing and reducing risk, proactively identify risks, issues and concerns and manage controls to help drive responsible growth (ex: Compliance, Operational - SAFER, Self-Identified Audit Issues, procedures, data management, etc.), establish a risk culture to encourage early escalation and self-identifying issues
• Effective communication: deliver transparent, concise and consistent messaging while influencing change in the teams.
• Be a key contributor to business initiatives that require subject matter expertise.
• Extremely good with numbers and ability to present various business/finance metrics, detailed analysis, and key observations to Senior Business Leaders.

Requirements

Education : CA/CPA or MBA finance with 9+ years of relevant work experience

• Certifications if any : NA

Experience Range : 9+ years of relevant work experience in Financial Planning & Analysis and Data Analysis in Banking industry. Exposure to Consumer banking or Wealth/Investment Management businesses would be an added advantage

Foundational Skills

• Strong abilities on FP&A and Data Analysis and strong financial acumen
• Strong computer skills, including MS excel, power point. Familiarity with reporting tools like SQL, Essbase etc., Emerging technologies like Alteryx, Tableau and AI tools such as Starburst and ThoughtSpot
• Prior Banking and Financial services industry experience, preferably Retail banking and/or Wealth/Investment Management
• Strong communication skills (both verbal and written), Interpersonal skills and relationship management skills to navigate the complexities of aligning stakeholders, building consensus, and resolving conflicts
• Proven ability to manage multiple and often competing priorities in a global environment
• Ability to drive strategic initiatives with a track record of successful change management
• Manages operational risk by building strong processes and quality control routines

Desired Skills

• Ability to effectively manage multiple priorities under pressure, and deliver as well as being able to adapt to changes
• Able to work in a fast paced, deadline-oriented environment

Work Timings : 1.30 pm to 10:30 pm (will require to stretch 7-8 days in a month to meet critical deadlines)

Job Location : Mumbai