Jobs at Bank Of America in India, Gurugram

Job Description*

Primary products covered will include Fixed Income, Money markets, FX, interest rate derivatives both plain vanilla and exotics.

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 PnL 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*

Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with 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

Experience Range*

4 to 8 years with at least 4+ years’ 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. Reactive and/or passive individuals need not apply

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

Work Timings*

7 AM IST to 4 PM IST

Process Overview*

Treasury Finance (Product Control) is a division of Global Treasury responsible for the production and independent validation of Global Treasuries' profit and loss and balance sheet. In this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that portfolios are appropriately valued.

Job Description*

Primary products covered will include Fixed Income, Money markets, FX, Rates

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 PnL 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*

Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with 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

Experience Range*

4 to 8 years with at least 4+ years’ 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. Reactive and/or passive individuals need not apply

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

Work Timings*

11 AM IST to 8 PM IST

Responsibilities*

• Design, implement, and enhance quantitative models (including risk, statistical, and machine learning models) to support balance sheet management decisions
• Conduct research and analytics on balance sheet-related topics, including asset and liability management, funding strategies, and risk management
• Collaborate with internal stakeholders, including trading desk, finance, and risk management teams, to ensure alignment and effective implementation of balance sheet management strategies
• Develop and maintain automated processes and procedures to ensure efficient and effective balance sheet management

Requirements*

Education*CA/MBA

Certifications If Any - CFA/FRM

8 to 12 years

Foundational skills*

• Advanced degree in quantitative finance, engineering, or a related field, or equivalent work experience
• 8+ years of experience in financial analysis, trading, or risk management, with a focus on balance sheet management
• Programming skills in Python or other object-oriented programming languages, with experience in modeling and data analysis
• Understanding of financial markets, liquidity, and risk management concepts
• Strong critical thinking, attention to detail, analytical, and problem-solving skills

Desired skills*

• Advanced programming skills, including deep knowledge of Python or C/C++, familiarity with data structures and standard algorithms, and design patterns
• Experience with derivatives ( OTC or listed), as well as other financial instruments
• Solid foundation in statistics and machine learning, with experience in applying these concepts to balance sheet management or risk management problems

Work Timings*12:30 PM to 9:30 PM

Mumbai/Gurgaon

Process Overview*

The Data Management team engages in various activities (including, but not limited to):

• Regulatory Reporting related data management Activities: Team support activities related to US Regulatory reports, data validation and resolution of Data quality issues.
• Team performs a critical role in providing centralized support for products such as Loans, Deposits, Derivatives, Cards etc. Data Quality/Validation and analysis for internal and external regulatory reporting.
• Team is engaged in activities such as validation of data for regulatory reports, data quality issue resolution, data reconciliation with authoritative sources and posting adjustments. Team actively works on strategic initiatives aimed at improving the quality of numbers reported in regulatory reports.
• Data Sourcing and provisioning: This includes defining and implementing data provisioning strategy to source the data from all lines of business into regulatory reports and management reports. Team is actively involved in sourcing initiatives where it works with various source systems, technology teams and report owners to source the data into regulatory reports as per regulator and stakeholder requirements.

Responsibilities*

• Monthly/Daily production run of DQ/DV control checks for US Reporting
• Perform root cause analysis of data gaps and drive remediation
• Understand, explore and achieve the scope of automation and remediation after coordinating with downstream and upstream stakeholders like middle office, finance operation and other related business functions
• Engagement with Global Regulatory Reporting and Product’s SME and other stakeholders to discuss the new requirements via intake forms and to understand the new requirements along with the expansion on validation and analytical process.
• Partnering with external and internal auditors to drive the soundness and successfully execution of internal control programs
• Reconciliation of GL balances with Data sources for identifying gaps and drive resolution
• Engage with business and technical stakeholders at varied levels to align on key objectives and provide data control oversight and proactively escalate and mitigate risks, and ensure adherence to applicable regulators and policies
• Design and Development of data controls
• Work with business partners to expand data quality/data validation and analytical processes
• Visualize data gaps using Tableau

Requirements*

BE/B Tech./MCA/ MBA Finance or equivalent qualifications

Certifications If Any

Experience Range*

3-6 years of Techno-Functional experience in Finance/Banking domain with SQL/Alteryx/Tableau experience.

Foundational skills*

• Good understanding of Regulatory reporting
• Advanced SQL knowledge
• Advanced Alteryx/Tableau knowledge
• Experience in driving change process/ re-engineering & automations
• Strong verbal and written communication skills
• Flexibility to deal with multiple concurrent issues and tasks - ability to self-manage and prioritize
• Excellent problem-solving, analytical, and decision-making abilities
• Dynamic, high energy, solid work ethic, willing to take on initiatives.
• Able to excel and influence in a cross-functional team structure.
• Flexibility and good negotiations skills

Desired skills

• Working knowledge of Ui Path/ Python

Work Timings*

Flexible between 10:30 AM till 10:30 PM

Process Overview*

Aligned under Wealth Management Operations and reporting into Onboarding & Maintenance Support, Banking Onboarding & Maintenance provides opening and title maintenance changes to Merrill clients who open or own a Consumer bank deposit product such as a checking or savings account.

Job Description*

This individual should be comfortable in a fast-paced, detail-oriented environment and is dedicated to maintaining the highest standards of accuracy and Turnaround time.

The candidate is expected to resolve queries and provide support to the team in critical situations. Sense of urgency and attention to detail are pivotal competencies required to perform the functions.

Critical thinking skills are a must as documents discrepancy can occur for a variety of reasons due to the nature of procedural standard set by the Bank for accepting documents.

This is an extremely high-risk process with stringent accuracy & productivity target.

Responsibilities*

• Complete daily deadlines in a timely manner.
• The processors will need to use critical thinking to decipher and identify documents discrepancy vs information available on internal system of records.
• Provide a high level of quality service, support, and responsiveness and communicate effectively.

Requirements*

• Creative and analytical approach to problem solving
• The candidate should have good understanding of US Banking structure.
• Strong communication and interpersonal skills and ability to change communication style based on the audience.
• Document review.
• Strong knowledge in MS Office products including MS Excel.
• Attention to details and drive for accuracy.
• Ability to work well under pressure.
• Flexible for shifts.

Minimum Commerce Graduate

Certifications If Any - Any certification in finance or banking

Experience Range*

0 months to 24 months

Foundational skills*

• Basic banking and Wealth management knowledge
• Eye for detail
• Toggling between multiple system
• Good communication and listening skills.
• Strong analytical skills with great attention to details
• Organized and able to multi-task in a fast-paced environment

Desired skills:

• Highly motivated, able to work independently
• Excellent interpersonal skills, positive attitude, team-player
• Willingness to learn and adapt to changes
• Good knowledge with Microsoft Excel & PPT

Process Overview*

Aligned under Wealth Management Operations and reporting into Onboarding & Maintenance Support, Banking Onboarding & Maintenance provides opening and title maintenance changes to Merrill clients who open or own a Consumer bank deposit product such as a checking or savings account.

Job Description*

This individual should be comfortable in a fast-paced, detail-oriented environment and is dedicated to maintaining the highest standards of accuracy and Turnaround time.

The candidate is expected to resolve queries and provide support to the team in critical situations. Sense of urgency and attention to detail are pivotal competencies required to perform the functions.

Critical thinking skills are a must as documents discrepancy can occur for a variety of reasons due to the nature of procedural standard set by the Bank for accepting documents.

This is an extremely high-risk process with stringent accuracy & productivity target.

Responsibilities*

• Complete daily deadlines in a timely manner.
• The processors will need to use critical thinking to decipher and identify documents discrepancy vs information available on internal system of records.
• Provide a high level of quality service, support, and responsiveness and communicate effectively.

Requirements*

• Creative and analytical approach to problem solving
• The candidate should have good understanding of US Banking structure.
• Strong communication and interpersonal skills and ability to change communication style based on the audience.
• Document review.
• Strong knowledge in MS Office products including MS Excel.
• Attention to details and drive for accuracy.
• Ability to work well under pressure.
• Flexible for shifts.

Minimum Commerce Graduate

Certifications If Any - Any certification in finance or banking

Experience Range*

0 months to 24 months

Foundational skills*

• Basic banking and Wealth management knowledge
• Eye for detail
• Toggling between multiple system
• Good communication and listening skills.
• Strong analytical skills with great attention to details
• Organized and able to multi-task in a fast-paced environment

Desired skills:

• Highly motivated, able to work independently
• Excellent interpersonal skills, positive attitude, team-player
• Willingness to learn and adapt to changes
• Good knowledge with Microsoft Excel & PPT

Process Overview

This individual should be comfortable in a fast-paced, detail-oriented environment and is dedicated to maintaining the highest standards of accuracy and Turn around time.

The candidate is expected to resolve queries and provide support to the team in critical situations. Sense of urgency and attention to detail are pivotal competencies required to perform the functions.

Job Description

Critical thinking skills are a must as breaks can occur for a variety of reasons due to the nature of Managed Account strategies.

Responsibilities*

• Complete daily deadlines in a timely manner.
• The processors will need to use critical thinking to decipher internal transactions compared to external activity that occurred at the Fund
• Provide a high level of quality service, support, and responsiveness and communicate effectively.

Requirements*

• Creative and analytical approach to problem solving
• The candidate should have good understanding of Booking keeping, Journal Entries, Reconciliation
• Strong communication and interpersonal skills and ability to change communication style based on the audience
• Strong knowledge in MS Office products including MS Excel, PowerPoint
• Attention to details and drive for accuracy
• Ability to work well under pressure
• Flexible for shifts

Minimum Commerce Graduate

Certifications If Any - Any certification in finance or banking

Experience Range*

0 months to 24 months

Foundational skills*

• Basic banking, Reconciliation and Wealth management knowledge
• Good communication and listening skills.
• Strong analytical skills with great attention to details
• Organized and able to multi-task in a fast-paced environment

Desired skills:

• Highly motivated, able to work independently
• Excellent interpersonal skills, positive attitude, team-player
• Willingness to learn and adapt to changes
• Good knowledge with Microsoft Excel & PPT