Bank of America Looking for Assistant Manager at Gurgaon, Haryana Full Time

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

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.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

Business Finance and Control (BFC) sits within the CFO Org and is aligned to support the business. Global rates BFC includes all products like Derivatives, securities, OTC products. Global Rates BFC teams are responsible for assisting in Analysis & reporting of daily trading PnL and ensuring integrity, completeness and accuracy of PnL data. Teams work closely with Global Rates trading desks and support them by providing underlying Vs hedge PnL analysis. Functions include daily analysis of market moves and their impact on PnL, input data analysis and control, sending PnL & control reports to desks on T+1 & T+2 basis, feeding PnL into Ledger and work on ad-hoc desk requests emanating from BAU or market/regulatory.

Job Description*

Global Rates Business Finance and control team is responsible for delivering product control functions such as daily P&L validations and reporting, front to back reconciliations, do month-end submissions, key risk indicators reporting and discussions, at the same time, focus on control and process excellence.

Responsibilities*

• Responsibilities for this role will require an associate to perform daily business as usual, manage stakeholders such as Front office, Operations and technology support to refine existing processes, maintain effective supervisory control and ensure complete accurate and timely BAU delivery from team.
• Also, individual will be accountable for the success of projects or sections of larger ones & responsible for the quality and timeliness of all project deliverables.
• Ensure effective supervisory controls on key risk items
• Month-end submissions, Expected to Actual Analysis, Ledger Vs Subledger
• Enhance control activities that support risk mitigation
• Participate/Initiate PnL & Risk analysis in response to any market/regulatory event
• Process Improvement
• Identify issues and control gaps in existing infrastructure
• Work with technology team to streamline our processes and enhance data integrity and control
• Create a culture of excellence by consistently raising standard.
• Maintain good relationship with Global partners

Requirements*

Education*

• Qualified Chartered Accountant or Bachelors/Master’s Degree in Finance or Engineering. MBA would be plus
• Certifications If Any
• CFA, FRM, CQF are plus

Experience Range*

• 2-5 Years

Foundational skills*

• Should demonstrate product control process understanding
• Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc
• Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk
• Strong attention to detail and accuracy with an ability to notice minor discrepancies / issues

Desired skills

• Comfortable working under tight deadlines
• Detailed Oriented and Analytical

Work Timings*

11 AM – 8 PM

Job Location*

Gurugram

Job Band:

H7

Shift:

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0