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Bank of America

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4.3

based on 3k Reviews

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71 Bank of America Jobs

Assistant Manager

BA Continuum India Pvt. Ltd.

 · 

4.3

 based on 3k Reviews

2-5 years

₹ 14 - 23.5L/yr (AmbitionBox estimate)

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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

1 vacancy

Assistant Manager

Bank of America

posted 8hr ago

Job Role Insights

Flexible timing

Key skills for the job

Back Office Investment Banking Biochemistry Reconciliation Operational Excellence OTC

+ 3 more

Job Description

The STR or Structured Trade Review Team is part of the Global Middle Office (GMO) Team. Structured Trade Review (STR) is a control process designed to reduce this risk for trades which are complex in form or booking, ensuring that trade economics are correctly captured and recorded in the systems according to the confirmation and term sheet
Job Description
Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies
Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking
Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments
Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades
Process Improvement
Identify issues and control gaps in existing infrastructure
Work with technology team to streamline our processes and enhance data integrity and control
Responsibilities
Intense work ethic with history of proven strong delivery
Strong adaptability skills to to keep the focus on delivering for the business & client whilst minimizing time spent on low value additive activities
Personal effectiveness: communication, decisiveness, energy & drive, character & works diligently to achieve success
Strong technical skills to understand the products and business
Strong analytical skills
Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management
Requirements
Qualification - Post Graduation or an equivalent qualification (CFA, FRM or Any Finance related certifications)
Experience Range - 6 + years - Experience in a middle office support functions or operations function for OTC derivative products
Foundational skills
Good Understanding of Investment Banking Products / Exotic Derivative products from a Middle Office or Back Office background.
Strong communication skills across all levels of seniority especially with the Trading desk
Proven analytical skills including data reconciliation and interpretation
Desired skills Demonstrate good Excel skills (macros, formulas) and VBA coding skills & Understanding of emerging technologies
Work Timings - 11:30 AM to 08:30 PM IST
Job Location - Mumbai

Employment Type: Full Time, Permanent

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Bank of America Interview Questions & Tips

Prepare for Bank of America Assistant Manager roles with real interview advice

Top Bank of America Assistant Manager Interview Questions

Q1. Python coding question to find the employee with second largest income
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Q2. Detect the unique characters in the substring and their length
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Q3. Whats your understanding on regulatory reporting
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What people at Bank of America are saying

4.4
 Rating based on 157 Assistant Manager reviews

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

Read 157 Assistant Manager reviews

Assistant Manager salary at Bank of America

reported by 1.9k employees with 2-18 years exp.
₹7 L/yr - ₹30 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
65%
87%
81%
77%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Bank of America Benefits

Free Transport
Cafeteria
Health Insurance
Gymnasium
Soft Skill Training
Job Training +6 more
View more benefits

Compare Bank of America with

JPMorgan Chase & Co.

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