Senior Financial Due Diligence Analyst

Team Leader

Job Description:

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.  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 Services

Global 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 Overview

The team supports the Small Business Spreading client segment. The process involves financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank’s credit risk policy for determining the borrower credit worthiness & debt service capacity. The process requires retrieval of financial statements/other related credit documents from the Bank’s document storage system and conduct enhanced due diligence for loan decisioning.

Job Description

The ideal candidate would be someone who has prior experience of financial spreading, apart from having good domain knowledge of accounting and analysis of financial statements. The candidate requires to collaborate effectively with team members and stakeholders to ensure resources with right skill sets are on-boarded, trained, monitored on regular basis. The candidate would also be able to balance workload of the team in consultation with leads from other Spreading processes.

Responsibilities

• Ensure high level of compliance with key performance indicators – quality and timeliness for the process, among others
• Ensure timely follow up & closure identified issues with the Line Of Business (LOB) partners
• Working with various stakeholders to understand and resolve queries, escalations, and process enhancements
• Identify continuous improvement opportunities within the process to drive operational efficiencies
• Assist in creation of MIS reports and tracking various KPIs & KRIs of the team
• Monitor and track the quality metrics and work towards continuous improvement, standardization, optimization

Requirements

• Education - Graduation (Commerce)/ Post Graduation/ MBA in Finance

• Certifications, If Any - Commercial Lending, Financial Analysis & Report Writing

• Experience Range - 5+ years of work experience

Foundational skills

• Strong analytical and numerical abilities
• Good oral/written communication skills
• Strong knowledge and understanding of financial statements
• Knowledge of accounting standards (US GAAP)

Desired skills

• Knowledge of IFRS/GAAP accounting standards
• Working knowledge of MS Power Point and Excel
• Demonstrate ability to work in a high-pressure environment
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Strong team player
• Ability to analyze issues independently and derive solutions

Work Timings

• 7:30 AM - 2:30 AM - Rotational

Job Location Mumbai

Experience Level

Senior Level