Manager

Job Description:

About us*

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview*

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 PL components. We are looking to recruit an individual to work in the PL production area covering the Equities trading desk.

Job Description*

The candidate s main responsibility will be to produce and deliver the daily PL 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, Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this

Responsibilities*

Front-to-Back analysis reconciliations of front office pl and balance sheet to firm sub-ledgers,

Working closely with the trading desks/Operation/IT on position, PL or other issues on an ad-hoc basis.

Assist with execution of Daily/ month-end controls ensuring that all front to back differences are well explained and documented

Liaise with various business partners such as Technology, Operations , Front office 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.

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: Postgraduate degree or Accounting qualification (e.g. Chartered Accountant - CA, CFA L-3, FRM, MBA from Tier 1 Institutes etc.)

Certifications If Any

Experience Range*

Experience: 5-8 Years of Industry, Finance or Product Control, Valuation control or market risk experience

Foundational skills*

Strong communication, organization, presentation and interpersonal skills, be able to establish strong working relationships with a board range of stakeholders, ability to influence team at remote locations

Strong business sense and control mindset, demonstrable risk identification and management

Strong analytical and problem solving skills with a demonstrated ability to analyze business processes and workflows and deliver required project to a high standard

Ability and confidence to tackle new concepts and ideas associate with on going change in the business

Ability to build SME knowledge within the group - provide appropriate level of business, product process training to the peers teams

Ability to juggle multiple tasks and responsibilities

A Can do attitude, self-driven and proactive, be innovative and have the ability to generate new and creative ideas

Attention to detail, strong Excel skills, good working knowledge of accounting concepts

Good understanding of Global Market business and relevant experience is preferred

Candidates with emerging technology (Alteryx, Tableau, Workvia) experience is preferred

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*

Weekly Offs : Saturday Sunday

Timing: 8:00 AM to 5:00 PM

Job Location*

Gurugram