Company Profile:

is one of the world's largest financial institutions - serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 25 million active users. offers industry leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Corporation stock (NYSE: BAC) is a component of the Industrial Average and is listed on the New York Stock Exchange.

Following the combination with :

- The largest brokerage in the world with more than 20,000 advisors and $2.5 trillion in client assets

- A leading provider of global corporate and investment banking services, including commercial lending, global high-yield debt, global equity and global M&A

- A global leader in wealth management, private banking, retail brokerage & investment management.

Global Banking & Markets

Banking and Markets (henceforth referred to as GBAM) franchise is a global powerhouse, providing institutional clients worldwide with access to our leading sales and trading and research franchises, investment banking services, global client relationships and product innovation. Through our platform, serves institutional, corporate and commercial clients in the U.S. and internationally, with a broad range of products, services and client solutions. In 2015, our client base includes 96 percent of the U.S. Fortune 1,000 and 81 percent of the Global Fortune 500.

Position Description

We are looking to recruit an individual with strong capital markets product experience and a detailed understanding of the different functions in GBAM. The individual will be a part of the key the Regulatory Reporting Management team which is going to manage the inventory of Non-Financial Regulatory Reporting (henceforth referred to as - NFRR- ) performed by and its related branches in GBAM vertical and to implement various risk remediation initiatives to assess and drive compliance with the new enterprise control framework and standards for NFRR.

The individual will have regular interaction with a broad range of stakeholders, including senior management in GBAM. The role is based in Hyderabad / Gurgaon. The incumbent will be an integral part of a multi-disciplinary team whose mandate will be to deliver industry leading Front-to-Back process and technology solutions for NFRR. Acting as a change agent, he/she will manage a variety of value-driven initiatives at every phase of the project life-cycle. Use his/her knowledge of processes and best practices within technology (application integration / application development), Finance/ GBAM Operations and project management to assist in identification, assessment and resolution of complex issues/problems. As a member in the group, he/she will support front-to-back integration and change initiatives w.r.t to NFRR and be accountable for driving change and executing successful implementations.

This incumbent will be required to work out of is a non bank subsidiary of part of our Global Delivery Center of Expertise in the bank, which has more than 15,000 employees working across offices in Gurgaon, Mumbai, Hyderabad and Chennai.

Responsibilities:

PMO Consultant

Contributes to programs/projects specific to corporate change initiatives that have significant impact on how the company does business, provides a product or service, or executes a function. Assesses the adoption risk associated with the change effort. Identifies, develops and executes strategies and supporting tactics to engage and influence all stakeholders to make needed behavioral changes. Partners with the business to develop and transition plans, including ongoing success measures, to sustain the change. Responsible for tracking project milestones while developing, maintaining and reporting on an overall integrated delivery plan. Experience with BAC Change and Project Management tools and processes. Responsible for Clarity and PCM updates and project documents. Effectively communicates with managers, peers and business partners on deliverables, timelines and support needed from them. Strong project management skills, including the ability to prioritize work and meet deadlines. Typically 1-3 plus years of project or program management support experience.

Governance

- Maintain the regional NFRR inventory

- Support Owners of B10 programs and High priority (P2) assessments

- Support risk and control assessment initiative and gap review / SIAI remediation

- Identify / Support / Track Gaps and SIAIs from BAU report generation

- Drive tracking routines and status reporting

Change Management

- With Compliance, coordinate interpretation of the regulatory rules

- With Compliance / Reg Change Team, identify & coordinate regulatory / business / tech change initiatives with impact on new and existing NFRR obligations.

Provide Report Oversight

- Monitor for accurate, timely and complete report submission

- Track resolution of exceptions

- Perform independent testing and governance for NFRR

Build / Enable QA Team for Cross Coverage & Sustainability

- Assumes dedicated QA testing resources aligned centrally to region

- Continuously assess resource requirements to support NFRR portfolio and ensure proper alignment of testing resources for US, Canada, and LatAm QA needs

Monitor in - Line QA

- Ensure testing plans are consistent with global testing standards with targeted thematic testing

- Ensure oversight of production completeness, accuracy and timeliness

- Ensure compensating controls; report and escalate results of testing

Monitor Global Test of Controls Results & Governance

- Within AMRS governance routines, monitor and escalate Global Test of Controls results and ensure tracking of gaps to closure

Qualifications

- A qualified Financial Professional with professional degree like CA / MBA from a reputed institute

- 8-12 years of experience in Global Markets

Out of which, 6-8 years should be Business Analysis / Project Management

- Ability to lead and drive change

Strong collaboration and relationship management skills

High sense of urgency with ability to drive results

Demonstrable evidence of stakeholder management

Effective multi-tasking and prioritization skills

Self-starter, able to establish relationships and transcend multiple cross-functional/divisional boundaries, largely unaided

Ability to handle diverse workload and tight schedules

Strong risk assessment, negotiation and problem resolution skills.

- Other experience: Significant industry experience

Detailed understanding of the landscape in Global Markets or Global Banking

Cross Asset class Knowledge

Has proven experience managing regulatory compliance and implementation of control framework initiatives

Has a proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution.

- Excellent verbal and written communication/presentation skills

Ability to work across business groups and in a team environment.

Ability to interface across various levels within Middle Office, Technology, Operations, Finance and FO.

- High proficiency in MS Office (PowerPoint, Word and Excel). Hands on experience with Excel VBA, MS access and Share point, will be added advantage

- Strong project management skills, including the ability to prioritize work and meet deadlines and work in a highly matrixed organization.

- Ability to be an active team member and drive change.

Additional Details

- Individual is expected to work in the US/ night shifts i.e. shift starting at 4:30 pm IST or later than that. There needs to be a good overlap with onshore partners in the US on overall coordination and collaboration across various activities.

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