Job Description:
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.
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Job Description:
Works as part of finance technology team on delivery of regulatory reporting projects. Will work under the guidance of change lead for APAC finance technology projects.
Responsibilities:
- Work on automation projects for APAC finance regulatory reporting technology team as senior business analyst primarily working on data provisioning and reporting on Axiom SL product.
- Mentor other business analysts in the team to bring them up to speed on project assignments.
- Gather data and business requirements by working with finance and operations teams in APAC.
- Challenge current business processes and functional logic if there are gaps with regulatory requirements while capturing requirements for automation.
- Perform peer review of requirements documented by other business analysts.
- Document business requirements and translate business terms into functional specifications for development team and coordinate with other technology teams to source data for regulatory reporting.
- Impact analysis for enhancements to existing platform to confirm to regulatory changes.
- Participate in design discussion and provide inputs to come up with solution that is scalable and sustainable.
- Work with scrum master to coordinate between the business users, development and support team on requirement sign off, development support, functional testing, and release management.
- Participate in scrum routines for sprint planning, backlog grooming, sprint review and retrospective.
- Work with scrum master to break project into epics and write user stories.
- Perform data analysis and work on data quality issues impacting regulatory reporting.
- Work with users to define data controls and operating model post automation.
- Raise risks in project in timely manner with scrum master and escalate as needed.
Requirements:
- Minimum 7 years of Business Analyst experience in banking domains.
- Deep understanding of regulatory framework and upcoming regulations in APAC financial regulatory reporting.
- Deep understanding of Axiom SL product functionality for regulatory reporting and basic understanding of the technical configuration to be able to do impact analysis.
- Understanding of corporate banking (credit facilities/loans/deposits/trade finance) & global markets (FX/derivatives/securities/money market) financial products and business process
- Understanding of reference data needed for regulatory reporting (customer/ratings/FX rates)
- Understanding of software development process; actual experience in Agile/Scrum process will be an advantage,
- Experience in gathering business requirements, creating specifications.
- Experience in data analysis using SQL and excel.
- Understanding of capital calculation, BASEL 3, VaR, liquidity ratios, market risk and counterparty risk calculation will be an advantage.
- Good communication skills and experience in working in a virtual team,
- Previous experience in regulatory reporting projects / reporting tools like Axiom
Other Qualifications:
- Strives to bring new thoughts and ideas to teams to drive innovation and unique solutions.
- Strives towards operational excellence and focused on increasing efficiency.