Job Description:About UsAt 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 ServicesGlobal 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 OverviewNon-Financial Regulatory Reporting, Tax & Credit Reporting Operations (NTCO)Responsibilities include:Producing and submitting Nonfinancial Regulatory reportsSoliciting, validating, and producing client Tax Reporting formsReporting and Remitting Tax withholdings to federal and state agenciesFurnishing data to Consumer Reporting agenciesNon-Financial Regulatory Reporting (NFRR) Key function includes:Produce, review and submit regulatory reports in a complete, accurate and timely manner in conformance with regulatory requirements.Provide governance and oversight for legacy GBAM inventory of over 2000 NFRRs across 200+ Report Preparer teams, 160+ Report Owners across Global Markets, GCIB and Enterprise Credit and conduct centralized controls process activities.Prepare transaction reports including CFTC and SEC reports in USA, EMIR, SFTR, and MiFID reports in Europe, and reports for regulators in Hong Kong, Singapore, Australia, Japan and South Korea. Provide post-process quality assurance function of G20 transaction reports and related obligations.Manage and maintain the Consolidated Audit Trail (CAT) program end-to-end and oversee daily operations for CAT reportingGlobal TRCG team is Report preparer for transaction reports like CFTC, SEC, EMIR, SFTR, MiFID  and they handle reports for regulators across USA, EMEA and APAC. It also includes Post-process quality assurance function of various regulatory reports and related obligations.Job DescriptionThe position will be in India NTCO team and as a TRCG Lead expectation would be to ensure flawless delivery from India. The incumbent would be managing 150+ FTE group. Transaction Reporting Control Group (TRCG) is responsible for reviewing completeness, accuracy and timeliness of Transaction reports in Global Markets. It is divided into 4 major componentsSubmission Controls : Manage the exceptions in reportingEnhanced Quality Assurance : Manage the Data Quality control to identify reporting issueRemediation :- Manage the resolution and back reporting for reporting issuesTR Initiatives & Execution :- Manage Regulatory ChangeResponsibilitiesThe responsibilities of the incumbent will include the following:Delivery ManagementManage the delivery from Team India across the large group.Supporting day to day relationship management and communications with business partners at various levels of the organizationTo build a positive and productive working relationship with NFRR Global stake holders, for better team engagement and growthTo lead the GBS NTCO-TRCG team and ensuring the team processes and deliveries are carried out in a timely and accurate mannerProcess ManagementTo facilitate the GBS teams to critically review current processes for effectiveness, quality and simplificationTo identifying new processes, areas of improvement, process challenges to increase productivity, reduce costs or improve time management.To oversee process implementation and also monitor and measure the benefits post implementationResponsible for understanding and coordinating escalations in a timely manner for quick and accurate resolutionTo promote & implement best practices and adherence to Bank compliance policiesRisk ManagementTo perform periodic risk assessment and evaluation of the GBS NFRR Function: Analyzing and evaluating current risks, identifying potential risks and comparing with criteria defined by the bankAssess control environment, Key Risk Indicators and the Control mechanisms for the TR and assist them with mitigating risksLead efforts to design and implement Reporting controlsActive, routine engagement with internal risk and control functions to ensure information sharing across risk typesSupport delivery teams on Regulatory query management and Audit management.People ResponsibilitiesTeam leadership & people managementCreate an engaged and happy team with high employee satisfaction indexesPlan the career progression and support the growth of the teamTo empower employees by offering constructive feedback, encouraging skill-building and learning opportunitiesTo assess staffing needs, supervise and evaluate the team members on a periodic basisStrategic ResponsibilitiesDesign and execution of strategic initiatives and the business case developmentsTo support and drive the development of the role of our India team locally and globallyFocus on Operational Excellence to make the processes more efficientLeverage the position and identify opportunities and best practices across business to influence stronger delivery from IndiaTo align team goals, processes and resource allocation accordance with the vision and strategy of the bankTo provide inputs and support to the senior leadership in framing & driving the strategy locally & globallyChange ManagementEnsure changes in laws and regulations are evaluated for impact to relevant reports, plan for implementation of change is developed and tracked.Identify change implementation risks and ensure those are signed off by the respective stakeholdersRequirementsQualifications – CA or people with MBA from premier schools would be preferredExperience Range: 20+ years of ExperienceExperienced Techno Functionalist with a Tech degree backed up by MBA from good institutes.Demonstrated Experience of running Technology teams and Operations Groups in prior rolesAbility to understand the reporting regulations from a breadth and depth perspective. Should be able to connect the dots on how new regulations / or changes to existing regulations impact the operating modelFoundational SkillsCompetencies/ Technical SkillsThorough understanding of Global Markets products.Experience & Understanding of Global Markets area with varied experience across asset classes and functions.Evolving area. Thought leadership needed to drive the operating model.Should have led large scale functions like Trade Control and/or Regulatory Reporting for large investment banksExpertise in driving Data Management to drive evolution of Data Quality ControlUnderstanding & Experience in Data Query Tools like Alteryx / SQL is a huge plusAbility to build good working rapport with Global stakeholders and drive the team to help meet global goalsUnderstanding global priorities of global TRCG and aligning local objectives with the global objectivesUnderstanding of the functional risk and add value globally by helping mitigate these risksDemonstrated Capability of managing large teams with large sub teams over 5+ yearsExperience in managing delivery on large scale transformation programsExcellent Communication SkillsDesired SkillsStrong analytical and fact-based decision making Ability to meaningfully Analyze and report complex data for enterprise and reportingWork Timings:12:30 pm to 9:30 pm ISTJob Location:Hyderabad