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Bank of America

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4.2

based on 3k Reviews

Video summary

72 Bank of America Jobs

Sr Operations Manager - Regulated

BA Continuum India Pvt. Ltd.

4.2

based on 3k Reviews

10-15 years

Gurgaon / Gurugram

1 vacancy

Sr Operations Manager - Regulated

Bank of America

posted 23d ago

Job Role Insights

Flexible timing

Key skills for the job

Front Office Risk Management Financial Services Reconciliation Operational Risk Management Product Control

+ 4 more

Job Description

We are looking to recruit an individual to work in the P&L production area covering the Global FX & Local Currency Trading (LCT) desks in APAC Region. 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.

Primary products covered will include foreign exchange, FX Options, FX Forwards, Fixed Income, Money markets, Rates

Responsibilities

Supervise Production and Reporting of daily P&L and balance sheet to Front Office & Senior Management.
Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis.
Work closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
Review Front-to-Back analysis & reconciliations of front office P&L and Balance Sheet to firm sub-ledgers,
Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
Control books, cost center and Business Units for line of business
Supervise IPV, Valuation Control Activities, VA Computations
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
Develop, standardize & continuous improvement of existing processes & workflow.
Monitor Testing/UAT for existing or new systems
Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk
Optimize Operational Excellence - act as innovator and change catalyst to drive process redesign and realize efficiency across the platform
Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes
Manage team projects, direct group effort and day-to-day team activities.
Manage and drive risk disciplines and internal controls to deliver the best outcomes for our clients and shareholders
Be pro-active and engage control partners/ technology to identify and mitigate operational risks
Attract, retain, and grow talent.
Build a culture and process to identify, mitigate, and control operational risk.

Requirements*

Education*

Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with 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 Any

CFA / FRM certified candidates would be preferred

Advanced education and/or enhanced technical qualifications are a plus

Experience Range*

10 to 16 years with at least 8+ years experience in Global Markets

Foundational skills

8+ years of Banking and Financial Services experience and held a finance leadership position in an international environment with extensive knowledge of working in a Global Markets.
Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
The individual should have a proven track record of working and experience of managing teams of 10+ individuals having a pedigree of tier 1/ tier 2 institutions and possess a comprehensive expertise in strategic planning for flawless delivery.
Strong people management skills, including the ability to resolve people issues and motivate the team to deliver.
Line experience coupled with a demonstrated ability to lead technology-based change.
Proven experience of providing thought leadership to overcome challenges and lead without direct authority, excellent skills with an ability to manage the group of fast paced team supporting multiple business verticals.
Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
Has the gravity to interact at all levels of management to support resolution of complex business issues.
Demonstrated ability to work in a globally matrixes and significantly multi-geography, multi-cultural offshore service delivery environment.
A convincing executive presence which conveys composure and confidence in all situations, the credibility and stature to carry stakeholders through influence rather than via the hierarchy.
Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders.

Desired skills

Alteryx / Python / Tableau knowledge would be an added advantage.
Must be proactive and be a highly motivated self-starter
Effective communication skills with English proficiency
Demonstrated 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
Analytical skills
Inherent sense of principles of control through experience and sound judgment
Reliability

Employment Type: Full Time, Permanent

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