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62 Bank of America Jobs
Sr Operations Manager - Regulated
10-15 years
Gurgaon / Gurugram
1 vacancy
Sr Operations Manager - Regulated
Bank of America
posted 19d ago
Job Role Insights
Flexible timing
Key skills for the job
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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What people at Bank of America are saying
Rating based on 5 Senior Operations Manager
reviews
Anonymous · Other
in Gurgaon / Gurugram
Likes
Work Culture, work lofe balance
- Salary - Excellent
+6 more
Dislikes
Leadership ethics needs improvement. Personal goal should not be the priority
Senior Operations Manager salary at Bank of America
reported by
16
employees
with 12-18
years exp.
₹20
L/yr - ₹36.5
L/yr
48%
more
than the average Senior Operations Manager Salary in India
View more details
What Bank of America employees are saying about work life
based on 3k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Bank of America Benefits
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