Senior Manager Job Vacancy in Bank of America Gurgaon, Haryana – Updated today

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Full Details :
Company Name : Bank of America
Location : Gurgaon, Haryana
Position :

Job Description : Job Description:
Overview (Bank overview, GBS India overview, Function Overview)*
Bank of America is one of the world’s leading 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.
We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview*
Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance responsible for the production and independent validation of Global Markets’ profit and loss and balance sheet. In this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that trading portfolios are appropriately valued.
The team prepares and reports P&L and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We work closely with front office, middle office, traders and valuation control teams to drive the control agenda across the business
Job Description*
Global Markets Business Finance & Control (BF&C) seeks to provide a support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Global Credit Trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job
Responsibilities*
Primary products covered will include: Bonds, CDS, ETFs and LoansProduction and reporting of daily P&L to Front Office & Senior ManagementReconcile actual P&L with trader estimates and provide flash/actual variance analysisWorking closely with the trading desks on position, P&L or other issues on an ad-hoc basisFront-to-Back analysis & reconciliations of front office PnL and balance sheet to firm sub-ledgersAssist with execution of month-end controls ensuring management vs financial P&L variances are within thresholdsAnalyze traders’ risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market movesWould be typical own set of books / cost center and Business UnitsLiaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queriesDevelopment & continuous improvement of existing processes & workflowTesting / UAT for systems work ranging from minor system releases to major system implementationsRemediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk
Requirements*
Education*
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 5+ yrs. experience or Graduate in Commerce with 8+ years of relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products
Certifications If AnyCFA / FRM certified candidates would be preferredAdvanced education and/or enhanced technical qualifications are a plusAbility to use Access or VBA would enhance the candidate’s attractiveness significantly
Experience Range*
6 to 10 years with at least 5+ years’ experience in Global Markets Product Control role
Foundational skills*Detailed knowledge of product control and financial markets
Prior BFC experience for >7 years is mandatory
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely mannerCandidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levelsMust be proactive and be a highly-motivated self-starter.
Desired skillsAlteryx / Python / Tableau knowledge would be an added advantageMust be proactive and be a highly-motivated self-starterEffective communication skills with English proficiencyDemonstrated ability to work in a high pressure environmentTakes initiative and challenges existing processes and procedures in a proactive mannerStrong team playerAbility to analyze issues independently and derive solutionsAnalytical skillsInherent sense of principles of control through experience and sound judgmentReliability
Work Timings*
1:30 PM to 1:30 AM (9 hours between this window)
Job Location*
Gurugram
Job Band:
H6
Shift:
Hours Per Week:
45
Weekly Schedule:
Referral Bonus Amount:
0

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