Assistant Manager

Job Description:

Overview * (Bank of America overview, Global Business Services overview)

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Process Overview*

Global Markets Credit in Enterprise Credit Organization manages Global Markets lending data and portfolio. It supports Global Markets financing products viz Clients in Asset Managers, Hedge Funds and other industries with Counterparty Credit Risk limits for trading in Global Markets. The prospective associate will be part of the team that supports the Enterprise Credit Administration (ECA) group within GMC. The ECA team supports Document Preparation, Client Onboarding, Portfolio Monitoring and booking/data issue resolution. GMC ECA team in GBS partners with the Global ECA team on these activities. Selected candidate needs to work with the LOB partners based in the US, EMEA and APAC regions.

Job Description*

The prospective candidate should have a strong knowledge of various Financial Instruments and great attention to detail. The associate should have the ability to synthesize information from various types of credit related agreements to verify the source of truth. The job requires associates to interact with the Line of Business very frequently to understand their evolving business needs and to seek clarifications on the deliverables. The job requires associates to be proficient in various reporting tools like MS-Excel, MS - PowerPoint & VBA to produce process related reports to the business.

Responsibilities*

Preparing and/or modifying Credit Agreement Memorandums for various asset classesUpdating NAV and performance data in the bank’s internal systems of records as per the required frequencyContacting clients to address issues regarding missing NAV or Fund Performance information Assisting in the remediation of any NAV trigger breaches resulting from data quality or other issues, which may require updating the System of Records with revised NAV or Performance dataDesigning and developing reports in MS-Excel for Management reportingStreamlining processes using ETL, Visualization & Programming applicationsCreating PowerPoint Presentations for the business reviewsExtracting and summarizing key risk metrics for Hedge FundsUpdating and maintaining Fund repositories for Regulated and Hedge FundsTracking Credit Facilities that are nearing expiry or have already expired and verifying whether any renewal/extension documents have been filedDelivering ad-hoc requests pertaining to Portfolio Management initiativesCollaborating on any key business initiativesAnchoring new migrations from the existing and new groups in Global Markets Credit

Requirements*

Education* MBA degree/PGDBM from reputed institutes.Experience Range* 1-3 years of relevant experienceMandatory skills*Ability to synthesize information from various financial documentsStrong attention to detail to verify the source of truth of the documentsAbility to independently host calls and lead discussions with senior executives and stakeholders to arrive at business solutionsExcellent communication skills and flexibility to work in different shiftsDesired SkillsApplicants with expertise in Alteryx, Tableau, PowerBI, Python & VBA will be preferred

Work Timings*

9:30 AM to 6:30 PM & 12:30 PM to 9:30 PM – Shift timings are subjective to change depending upon the business requirements. Associates should be flexible enough to work in the revised shifts. The Process does not have any Night Shifts.

Weekend requirement*

The team currently does not work on weekends. However, applicants should be flexible to work on the weekends to meet any pressing requirements from the Business.

Job Location*

Mumbai