Job Description

Knowledge Service Center (KSC) supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from three locations i.e, Mumbai, Gurgaon & Hyderabad.
The Regulatory Process and Issues Management process oversees the risk and audit issue portfolio for Global Wealth and Investment Management (GWIM).
Job Responsibilities
Support GWIM line of business as Business Controls manger with duties across Issues Management, Regulatory Change Management and Legal Entity Alignment as follows:
Issues Management- QA of Severity 3 action step closure evidence and eIMS input creation for all new issues and Action Plan submissions.
Issues Management- Monthly analysis and reporting of 60 day target for entry to eIMS for each Monthly Issues Forum
Issues Management- Quarterly analysis and reporting of action plans with re-grade steps and length of action plans
Issues Management- Thematic Analysis Phase 2 Dashboard (Product View) Manual review of new issues to label what product and/or product lifecycle would be associated to each issue.
QA for Phase 1 (Issue Themes)

Regulatory Change reporting process: Create monthly regulatory change deck for the Governance Council Meeting
Review draft Reg Change Reporting with Business Controls Team
Distribute Reg Change deck and obtain implementation status updates from mostly GWIM FLUs, control partners and other organizations across the Bank
Gather FLU responses and update the draft deck with the information obtained.
Send updated deck to Business Controls for final review

Legal Entity Alignment and MLPFS Registration and Licensing Own the routines gathering data from: 1) R&L; 2) GHR; and 3) Finance.
Formatting data in order to share (and make comprehensible) with GWIM FLUs and organizations across the Bank
Review employment and R&L data to identify potential misaligned employees by: Reviewing metrics and hierarchies in scope
Reviewing previous responses from organizations that rationalized employment alignment.

Compile, review and distribute files to LOB for review (highlighting purportedly misaligned employees or R&L gaps)
Gather responses and field follow up questions/issues from LOBs
Escalate recurring misalignments since previous review

Requirements :
Education : Graduate / Post graduate
Certification : NA
Foundational Skills :
Strong analytical skills
Strong skills in Excel and PowerPoint
Experience in Audit, Compliance or Risk Management discipline
Ability to work independently with Legal, Risk, Compliance and Front Line Units
Ability to either run a work stream in a key initiative or run a small project within FLU
Ability to influence without direct authority
Excellent communications skills Ability to communicate (verbal and written) what we do, how we do it and do we do it well- clearly and concise.
Ability to cascade messages to different audiences.
Presents ideas clearly.
Listens to others opinions.

Desired Skills
Experience with Bank of America Risk Framework through a role in Risk, Compliance or Audit or FLU Business Controls
Extensive knowledge of risk framework, risk management and issues management
Knowledge of laws, rules and regulations for WM businesses
Education: Any Graduate
Industry: Banking

Skills Required