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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

The 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 & Regulatory reporting.

Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

The FCPS (Finance Change and Production Services) team, which is part of the (GFC) Global Financial Control organization within CFO division, delivers finance projects and technology solutions for the Bank of America (BAC) enterprise and also supports Line of Business (LOB) projects that impact our core finance and general ledger applications. The FCPS team is responsible for overall program/project management, business analysis and requirements, functional design, testing, organization readiness and deployment activities.

Job Description

This role is for a testing analyst resource responsible for planning and execution of testing in support of the FCPS delivery of programs/projects in the US, EMEA, APAC and LATAM regulatory reporting groups.

This role will work closely with the onshore business lead and/or product owner, end users (including upstream/downstream users), and technology. The types of testing will include Functional User Acceptance & End to End Testing, and dress rehearsals when appropriate. The successful results of testing will enable the deployment of the application changes into production.

For this role we are seeking a skilled and detail-oriented Finance Regulatory Reporting Testing Specialist to join our dynamic team. In this role, one should be:

• Proficient in troubleshooting and resolving data/env. issues
• Proficient in troubleshooting the variance while comparing pre. vs. post
• Capable to modify/update/top-side reports and adapt templates to specific regulatory requirements
• Skilled in optimizing data loading and processing workflows

Responsibilities

1. Conduct thorough testing of financial regulatory reports to validate data accuracy and compliance with relevant regulations.

2. Collaborate with cross-functional teams, including finance, IT, and compliance, to understand reporting requirements and ensure testing aligns with regulatory guidelines.

3. Develop and execute test plans, test cases, and testing strategies to assess the integrity of financial data used in regulatory reporting.

4. Identify and communicate potential issues or discrepancies in regulatory reports, working closely with stakeholders to address and resolve findings.

5. Stay abreast of changes in financial regulations and reporting requirements to ensure testing processes remain current and effective.

6. Document and maintain detailed testing documentation, including test cases, test results, and issue resolution.

7. Provide regular updates to management on testing progress, findings, and recommendations for improvement.

8. Collaborate with the broader quality assurance team to enhance testing methodologies and processes.

Requirements

Education

Bachelor's degree

Experience Range

2.5 to 5 years

Foundational skills

Testing Skill:

• Experience with Functional testing InTechnology implementation projects
• Experience in developing and executing test plans and test cases
• Hands-on experience of testing tools and methodologies, like knowledge of Agile tools (i.e., JIRA is must), and testing tools (i.e., HP Quality Center/ALM is desired)
• Effective communication skills to convey testing results and issues to both technical and non-technical stakeholders
• Proficient in troubleshooting and resolving data/env. issues
• Proficient in troubleshooting the variance while comparing pre. vs. post
• Capable to modify/update/top-side reports and adapt templates to specific regulatory requirements
• Skilled in optimizing data loading and processing workflows

Domain Skill: Must Have Priority 1

• Hands-on experience in Axiom Regulatory platform
• Mastery of advanced features and functionalities in Axiom is preferred
• Proficient in understanding of financial regulations and reporting standards

Technical Skill:

Basic SQL:

• Person should have hand-on experience in reading/writing different types of Select, Insert, Update & Delete Queries
• Person should have hand-on experience in reading/writing subqueries within a query
• Person should have hand-on experience in Select/Update/Delete Data, based on Business Conditions
• Able to Write/Understand INNER JOIN, LEFT JOIN, RIGHT JOIN

Advance Excel:

• Person should have hand-on experience with excel formulas/functions like IF, AND, OR, VLOOKUP, HLOOKUP, INDEXMATCH & Nested If using one or combinations of above functions.

Desired skills

• Person from Finance Regulatory Reporting team and / or Worked as a BA and willingness to join UAT team
• AXIOM Certified or equivalent
• Knowledge of US, EMEA, APAC and LATAM regulatory reports.

Work Timings

11:30 IST to 20:30 IST

Job Location

Mumbai