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Senior Auditor

Bank of America

Bank of America

Software Engineering
Posted on Thursday, June 6, 2024

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

Responsible for understanding GMO and NTCO LOB activities to identify key processes, risks, assess the effectiveness of risk mitigating controls and report results to Audit and Business Management. This role also includes the testing of data controls and verification of the completeness and accuracy of transaction-level data included in Non-Financial Regulatory Reporting across GMO and NTCO. The data testing role provides an opportunity to use sophisticated data analytical tools (SQL, Alteryx, Tableau, SAS) and other technologies (Python, AI / Data science).

Job Description

GMO activities include static data set up in Bank systems, trade capture validation, lifecycle events management, collateral management, settlements, Asset Services, management of client assets and client money and trade reconciliations. NTCO activities include Non-Financial Regulatory Reporting and client tax activities (calculation and remittance of withholding taxes and Tax reporting.

Responsibilities

Candidates will work directly with Audit teams and Audit leadership across all 3 regions and will work with Audit LOB subject matter experts in areas assigned to review. The successful candidate will receive training (business, regulatory, soft skills etc.) and additional instruction as needed and will be provided with testing objectives and guidelines. The candidate should have the ability to work independently, perform high quality risk-focused fieldwork, in accordance with Corporate Audit methodologies and standards in order to identify meaningful issues, risks and other exposures in the area of the Company being audited. In addition, the candidate is expected to create and maintain accurate and clear work documents, maintain effective and ongoing communication with Audit and Business management during audits and complete tasks efficiently (on time and accurately).

Requirements:

  • Exp Range: 7+ years of experience in financial services or audit with experience in Global Markets Operations/ NFRR/ Client Tax activities.
  • Education: BA/BS or equivalent in accounting or finance

Foundational Skills:

  • Experience in data analysis, data management, and/or data visualization
  • Skilled in use of data technologies (SQL, R, Python) and data visualization / workflow tools (Alteryx, Tableau)
  • Ability to work as individual contributor remotely, attention to detail, ability to manage projects to completion.
  • Excellent organizational skills with keen ability to prioritize daily tasks with project work as well as ad hoc requests.
  • Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks.
  • Proven verbal and written communication skills.
  • Strong analytical and technical skills
  • Foundational knowledge of key Financial regulatory requirements applicable to APAC, EMEA & US
  • Strong Risk mindset (look beyond the form to focus on the substance)
  • Financial services industry acumen.
  • Ability to deliver high quality work within deadlines.
  • Ability to process information and change audit focus quickly in line with risk assessments.
  • Strong team player skills and ability to work in a multicultural environment.
  • Proactive / critical thinking and willingness to learn.
  • Solution oriented attitude
  • Independent thinker

Desired Skills

  • Advanced degree
  • CPA or equivalent preferred
  • Strong presentation skills

Work Location: GIFT City

Work timings: 11am to 8pm IST