Assistant Manager jobs at Bank Of America in India, Hyderabad

Process Overview

The Global Markets NFRR is responsible for the preparation and submission of the NFRR reports on periodic basis and share with the Line of business. Key activities include - Generating the report from the GRRS application- Performing and Analyzing data quality checks- Investigate data issues found- Perform manual adjustments if any- Get signoff from relevant stake holders on the report generated- Archival of Submission and Supporting Documentation. Team also partners and support few other functions like Transformation, continuous improvement and Production Monitoring as horizontals.

Responsibilities

The responsibilities of the incumbent would be to support the onboarding and report generation of the report in target state

• Understanding the regulation. Review of the data dictionary and DSL created for completeness to ensure completeness of all operational and reporting requirements
• Responsible for the identification, tracking, and remediation of data issues and control enhancements that impact the respective reports.

• Design, execute and monitor data quality checks that impact associated reports
• Liaise with technology to build these checks in the system
• Investigate and remediate issues related to non-compliance of report before submission, with the help of report owner and technology teams
• Once the report is in production, on a periodic basis perform all the below steps
  • Generating the report from the target application
  • Performing and Analyzing data quality checks
  • Investigate data issues found
  • Perform manual adjustments if any
  • Get signoff from relevant stake holders on the report generated
  • Archival of Submission and Supporting Documentation

Requirements

Education: CA, MBA

Certifications If any : NA

Experience Range - 8 to 10 yrs

Foundational skills:

• Strong analytical and fact-based decision making Ability to meaningfully Analyze and report complex data for enterprise and reporting
• Experience in Auditing or Regulatory Reporting
• Good Knowledge on Global Markets and different traded products or knowledgeable of consumer products and processes within the bank
• Strong knowledge of data flow and connection points to determine the appropriate execution of controls
• Strong understanding of data controls and the reporting risks that can occur
• Communication and Interpersonal Skills: Ability to effectively communicate to Executive Leadership and others levels within the Bank
• Stake holder management (internal & external) across regions / functions / lines of business
• Sound knowledge of Microsoft Office applications – PowerPoint, Excel and Word and ability to work on these without any support

Desired Skills: Flexible

12.30PM -9.30pm

Job Description*

Primary products covered will include Repo, Bonds, Futures, Swaps

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*

5 to 7 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*

13:30 IST to 22:30 IST

Job Location*

Hyderabad/ Gurugram

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

Process Overview:

Global Markets delivers a wide range of securities products and services, powerful sales and trading capabilities and deep risk management expertise across asset classes. Closely aligned with GCIB's client-managed groups, Global Markets product specialists anticipate and meet the needs of more than 13,000 clients across 13 time zones and six continents.

Job Description :

This incumbent will be required to work out of BA Continuum India Ltd (A Non Banking Subsidiary of Bank of America) which has more than 15,000 employees working across offices in Gurgaon, Mumbai, Hyderabad and Chennai

Responsibilities:

As a member of Quartz Control team within Global Markets Initiatives, responsibilities will include the following:

• Part of a team involved in the set up and scale up of various control reports aiding reconciliation between legacy systems and target strategic system

• To perform day to day reconciliation and analyze breaks arisen from reconciliation reports to ensure proper controls are in place to reduce the risk

• Partner closely with different Technology teams and other internal and external stakeholders to resolve the unexplained breaks and providing overview of Quartz Control system and its functionality

• Candidate need to work through full project life-cycle from envisioning, defining business requirements, analysis, testing and implementation

• Will be expected to translate business priorities and requirements into actionable, structured, project plans.

• Communicate with stakeholders on daily basis, keep them abreast of status of the project and take appropriate actions based on their inputs

• Provide initiatives and requirements for improving the reconciliations efficiency and reliability.

• MIS reporting for senior management and relevant stakeholders

• Help in process automation using available technology at hand- SQL/VBA/Python

Requirements

• Education:
  • Post Graduate/ Master’s Degree in Accounting/Finance (preferable)

• Certifications (If Any) : NA
• Experience :
  • 5+ years performing business analysis/definition and support large projects and business change.
  • Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.
  • Stake holder management (internal & external) across regions / functions / lines of business.

Foundational skills:

• Good understanding of financial products, basic IT infrastructure and Middle Office / Back Office processes & procedures
• Excellent verbal and written communication/presentation skills.

Desired Skills:

• Strong project management skills, including the ability to prioritize work and meet deadlines and work in a highly matrixed organization.
• Knowledge of programming skills like / Python/ SQL will be an added advantage.
• Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.

– 13:30-22:30

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

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

Process Overview*

Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. The team is also responsible for running valuation controls to ensure fair value of balance sheet in accordance with internal valuation methodology and regulatory requirements. This includes independent price verification of both vanilla securities/derivatives and complex/illiquid assets such as exotic derivatives and distressed assets. Additionally, the team also calculates relevant valuation adjustments including adjustments for illiquidity, concentration, model limitations etc. as applicable. The team is also responsible for calculating and reporting prudential valuation adjustments on a quarterly basis.

Responsibilities*

• Performing the calculation and analysis of valuation controls including IPV, valuation adjustments and prudent valuation adjustments, as well as ownership for Fair Value Hierarchy levelling.
• Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.
• Ensuring procedure documents are accurate and up to date.
• Assisting in the streamlining and enhancement valuation processes and becoming actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes.
• Engaging with the key stakeholders including Front Line Units.
• A strong understanding of valuation controls, regulatory rules and governance including Independent Price Verification, Valuation Adjustments and Prudential Valuation.

Requirements*

Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 4+ yrs. experience or Graduate in Commerce with 5+ years of relevant experience in Valuation Controls 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

• Ability to use Access or VBA would enhance the candidate’s attractiveness significantly

Experience Range*

4+ years of experience in Global Markets Valuation Control role

Foundational skills*

• Alteryx / Tableau / Python knowledge would be an added advantage.

• 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.

Desired skills

• 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*

12 PM to 9 PM IST (EMEA Shift)

Job Location*

Mumbai/ Gurugram

Job Description

• Work for SSE projects at GMO level for eTask Product / UAT
• Individual Contributor having knowledge and experience to provide solutions for eTask Product workflow management tool
• Having knowledge, expertise and ability to think beyond and be proactive to identify issues and add value on the overall strategy for eTask workflow management tool.
• Perform Product Owner responsibilities so that the team successfully delivers the planned functionality into production, without bugs and on time
• Ensure test scripts accuracy, completeness, & MRA adherence
• Monitor Dev and UAT progress during Sprints, Perform PO testing and Validate QA test evidence
• Story creation, Story grooming and prioritization, Release planning and Post-production validation testing.
• Prepare data and UAT test scripts for business/ UAT testers and post release validation testing. Coordinate with business testers during UAT window for post release

Responsibilities

• Individual contributor with knowledge and experience as Product Owner and UAT role
• Incumbent must have interest in working as project management / analysis work and E2E Product and UAT
• Prioritize enhancement request and pre and post benefit with ROI / funding estimates
• Production support: E2E management of all production issues
• Product / UAT support: E2E management of all Product / UAT work including.

• Create User stories, UAT Test scripts, Review test scripts with Dev (tech team) for completeness.
• Partner with Dev and QA team in tech along with UAT testers
• Test new features in Dev and QA environment (as needed).
• Host business validation / check in calls

Requirements

• Education - BCE / Computer Science / MBA

• Experience Range – 9-11 yrs

Foundational skills:

• PO (Product Owner) tester role
• Excels in working among diverse viewpoints to determine the best path forward
• Excellent communication and influence skills across multiple levels / diverse audiences, proven ability to influence without formal authority
• Strives to bring new thoughts and ideas to teams to drive innovation and unique solutions

Desired skills:

• Experience working in Capital Markets / IB Domain / Global Markets Operations
• Must be collaborative / curious / driven / continuous learner
• Commitment to challenging the status quo and promoting positive change

12.30PM - 9.30pm