Manager 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

Job Description*

Create custom solution based on SharePoint developer using java scripts and DFFS, python, tableau, alteryx, PowerQuery and PowerShell or other emerging technologies to simplify business dashboards and reporting. Our reporting portfolio includes the following:

• Risk Management
• Regulatory Compliance
• Process Controls
• Optimizations
• Employee Lifecycle

Tools used:

• SharePoint Designer
• DFSS
• Tableau
• Python
• Alteryx
• VBA
• PowerQuery
• PowerShell
• MS SQL

Responsibilities*

• Coordinating with diverse customers across front line units and translating business needs into technical requirements
• SharePoint development including page development, form designing and workflow designing using designer, java scripting and DFFS
• ETL development using Alteryx, Python, Powerquery, Powershell, MS SQL or alike tools
• Dashboard Designing using Tableau
• Producing data extracts, automation techniques, documentation, data lineage
• Data and Business Analytics
• Current routine product maintenance
• Improve on current reporting and make recommendations
• Coordinate with technology and other partners

Requirements*

Education*- Graduate

Certifications If Any: Alteryx or Python or Tableau Certification is preferred

-8-10 years

Foundational Skills:

• A seasoned SharePoint developer who can:
• Expert in SharePoint development including page development, form designing and workflow designing using designer, java scripting and DFFS
• Work with diverse customers across front line units and translate business needs into technical requirements
• Find solution to business problems and helping enable businesses with automations
• Design high quality and visually impactful dashboards using tableau
• Has working experience on ETL development using alteryx, python, powerquery, powershell or alike tools
• Good understanding of data and Business Analytics

• Tools:
• SharePoint Designer with DFFS
• Python
• Alteryx
• MS Excel with VBA
• Tableau
• MS SQL

Desired skills

Excellent Communication Skills, to be very comfortable talking to diverse customers and translating business needs into technical requirements. Techno functional profile with adept in data wrangling techniques including: Producing data extracts, Automation techniques, Documentation, Data lineage. Works independently without directions. Can identify opportunities to improve on current reporting and make recommendations to leadership and customers.

• Project Management
• Data Analytics
• ETL Development
• BI / Application Development
• Data Visualization
• Risk Management
• SIM/Optimization/Automation

Work Timings*

12:30 PM - 09:30 PM

Responsibilities*

•Manage highly analytical deliverables and work One to One with Senior Business Leaders.

•Lead and influence the matrix that supports business strategic direction for the team.

•Contribute through thought leadership with Subject Matter Expert knowledge

•Lead and execute project deliverables; oversee team projects and direct group efforts as needed without any overview

•Work on business decision support with Senior Business Leaders end to end without any overview

•Establish and maintain relevant controls and feedback systems

•Co-ordinate with the business to resolve process bottlenecks at different levels

•Partner closely with stakeholders LOB (as needed) to support reporting routines.

•Lead month-end close and all other associated management reporting.

•Manage research, projects, ad-hoc requests and simplification and standardization efforts.

•Oversee Forecast/Plan and support business reviews strategic direction of the team.

• Production and reporting of financial reports to key stakeholders and management.

• 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.

• Contributing to Governance process, operational error reporting and support of other internal control process, including Self-Identified Audit Issue and Operational Risk remediation

Operational Effectiveness

• Leading role in driving team projects, including automation and process enhancement.

• Ensure all front to back breaks are understood, and escalated in accordance with standards

• Ensuring a minimum of manual, standalone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.

• Accurate analysis and recording of operational loss events.

• New Product Review - Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required

• Development and production of Financial Reporting for business reviews

• Review Monthly financial and key performance metrics with Business and discuss key business strategy and plan

Requirements*

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: 10-12 Years of Industry, FP&A, 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 ongoing 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, Workiva) 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: Any 9 hours shift between 8:AM to 11:00 PM IST

Job Description*

Primary products covered will include foreign exchange, FX Options, FX Forwards, Fixed Income, Money markets, Rates.

Responsibilities*

• Supervise Production and Reporting of daily P&L and balance sheet to Front Office & Senior Management.
• Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis.
• Work closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
• Review 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.
• Analyze traders’ risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
• Control books, cost center and Business Units for line of business.
• Supervise IPV, Valuation Control Activities, VA Computations
• Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
• Develop, standardize & continuous improvement of existing processes & workflow.
• Monitor Testing/UAT for existing or new systems.
• Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
• Optimize Operational Excellence – act as innovator and change catalyst to drive process redesign and realize efficiency across the platform.
• Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes.
• Manage team projects, direct group effort and day-to-day team activities.
• Manage and drive risk disciplines and internal controls to deliver the best outcomes for our clients and shareholders.
• Be pro-active and engage control partners/ technology to identify and mitigate operational risks.
• Attract, retain, and grow talent.
• Build a culture and process to identify, mitigate, and control 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*

10 to 16 years with at least 8+ years’ experience in Global Markets

Foundational skills*

• 8+ years of Banking and Financial Services experience and held a finance leadership position in an international environment with extensive knowledge of working in a Global Markets.
• Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
• The individual should have a proven track record of working and experience of managing teams of 10+ individuals having a pedigree of tier 1/ tier 2 institutions and possess a comprehensive expertise in strategic planning for flawless delivery.
• Strong people management skills, including the ability to resolve people issues and motivate the team to deliver.
• Line experience coupled with a demonstrated ability to lead technology-based change.
• Proven experience of providing thought leadership to overcome challenges and lead without direct authority, excellent skills with an ability to manage the group of fast paced team supporting multiple business verticals.
• Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
• Has the gravity to interact at all levels of management to support resolution of complex business issues.
• Demonstrated ability to work in a globally matrixes and significantly multi-geography, multi-cultural offshore service delivery environment.
• A convincing executive presence which conveys composure and confidence in all situations, the credibility and stature to carry stakeholders through influence rather than via the hierarchy.
• Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders.

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*

11:00 AM IST to 08:00 PM IST