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80 Bank of America Jobs
Assistant Manager - Regulated
4-8 years
₹ 10 - 24L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Mumbai, Gurgaon / Gurugram
1 vacancy
Assistant Manager - Regulated
Bank of America
posted 14hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Production and reporting of daily P&L to Front Office & Senior Management.
- Reconcile actual P&L with trader estimates and provie flash/actual variance analysis.
- Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
- 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.
- Would be typical own set of books/cost center and Business Units
- Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
- Development & continuous improvement of existing processes & workflow.
- Testing / UAT for systems work ranging from minor system releases to major system implementations.
- Remediation 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 4+ yrs. experience or Graduate in Commerce with 6+ 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 Any
CFA / FRM certified candidates would be preferred
Advanced education and/or enhanced technical qualifications are a plus
Ability to use Access or VBA would enhance the candidate s attractiveness significantly
Experience Range
4+ years of experience in Global Markets Product Control role
Foundational skills
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 manner
Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
Must be proactive and be a highly-motivated self-starter.
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
Read full job descriptionBank of America Interview Questions & Tips
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Top Bank of America Assistant Manager Interview Questions
Q1. Python coding question to find the employee with second largest income
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Q3. Whats your understanding on regulatory reporting
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What people at Bank of America are saying
Rating based on 157 Assistant Manager
reviews
Anonymous · Administration & Facilities
in Gurgaon / Gurugram
Likes
Leadership is supportive and encourage everyone to excel in their strengths and move forward in their career path
- Salary - Good
+5 more
Dislikes
We need to be very vocal about our work to get the recognition
Assistant Manager salary at Bank of America
reported by
1.9k
employees
with 2-18
years exp.
₹7
L/yr - ₹26
L/yr
101%
more
than the average Assistant 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
View more benefits
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