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85 Bank of America Jobs
Team Lead
0-3 years
₹ 9 - 14.3L/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.
Gurgaon / Gurugram
1 vacancy
Team Lead
Bank of America
posted 5mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
*
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.
The Global Banking and Markets [GBAM] Finance seeks to provide a first-class 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 Equity trading desks.
Job Description*
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
Responsibilities*
Production and reporting of daily P&L to Front Office & Senior Management.
Reconcile actual P&L with trader estimates and provide 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
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.
Perform the Month-End Sub Ledger to general ledger reconciliation
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
Communicate effectively & escalate issues to senior management in a timely and thorough manner
Mentor junior team members to help them grow and conduct strong oversight over all workflow & issues
Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical
The right individual will be a team leader and can multi-task to manage the challenges of Middle Office processes and personnel on an independent basis yet have the awareness to escalate potential issues to management 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
Requirements*
Education*
Education Qualification: Preference is a Finance or Mathematics related degree [e.g. Chartered Accountant, PG (Finance), FRM, CFA, CPA]
Certifications If Any
Experience Range*
0 to 3 years
Foundational skills*
Strong Product/PNL Knowledge, should have handled multiple desks
Effective communication skills with English proficiency
Desired skills
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
Work Timings*
07:30 AM to 05:30 PM
Job Location*
Gurugram / Hyderabad
Employment Type: Full Time, Permanent
Functional Areas: Banking/Insurance
Read full job descriptionBank of America Interview Questions & Tips
Prepare for Bank of America Team Lead roles with real interview advice
Top Bank of America Team Lead Interview Questions
Q1. What is front to back process of financial controller
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Q2. What data structure you want to use for returning database records and why?
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What people at Bank of America are saying
Rating based on 258 Team Lead
reviews
Anonymous · Procurement & Supply Chain
in Gurgaon / Gurugram
Likes
The company is great, work culture, employee benefits, internal opportunities are great.
- Salary - Excellent
+5 more
Dislikes
Promotions and appraisal are bit slow and low, depending upon the job profile and performance
Team Lead salary at Bank of America
reported by
2.3k
employees
₹5.7
L/yr - ₹16.2
L/yr
21%
more
than the average Team Lead 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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