Assistant Manager - R jobs at Bank Of America in India, Hyderabad

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 relevant experience in Valuation 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.
• Ability to use Access or VBA would enhance the candidate’s attractiveness significantly.

Experience Range*

7+ 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 Description*

Primary products covered will include: TRS swaps (single stock and index), SBL, financing products, options.

Responsibilities*

• Ownership of the Team’s daily & Monthly processes

• 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 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

• 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.

• Ensure validity of allocated/attributed balances as well as internal funding charge

• Determining and implementing appropriate accounting policies and procedures with Accounting Policy

• Managing key legal entity, regulatory and PL issues with the business

• Month end Close, including financial disclosures, calculation / recording accounting classification entries

• 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*

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

Certifications If Any NA

Experience Range*

5 - 7 Years of Industry, Finance or Product Control, Valuation control or market risk experience (esp. experience in delta-one business / equity swaps)

Foundational skills*

• Strong working knowledge of Equity TRS swaps and Delta one products and their associated risks and payoffs

• A good leader with efficient people management 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, 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*

7:30 AM to 5:30 PM

Job Description

Responsibilities:

The KRAs of the resource will be as follows:

• As a part of the team, analyze SPI process information on ARIS/POP to help streamline, automate and implement solutions to drive process efficiency and controls across MTM
• Work with a variety of stakeholders and gather information
• Translate discussion and guidance into process flows and process documentation
• Leverage Artificial Intelligence, for Process Data insights
• Develop data reference models along with conceptual, logical, and physical data models
• Perform intake management and report out with respect to people and process performance.
• Experience with taxonomy, terms and definitions, and controlled vocabularies.

Requirements

• Education: Bachelors or Masters Degree
• Exp Range: 10 – 12 year

Foundational skills:

• Expertise in Business Process Management (BPM) methodologies, techniques, and methods, including process mapping/modeling, including knowledge of Enterprise Process Management Tools – ARIS, Process Owner Portal, SDAR, ERD
• Familiar with transformative models, NLP, python, etc.
• Experience with data modeling tools.
• Good stakeholder management skills - Must be a team player and able to work with and through others.
• Exceptional communication skills - both written and verbal

Desired Skills:

• Analytical and abstract reasoning skills, as well as problem solving abilities.
• Inclination towards Continuous Improvement practices
• Training & Coaching skills preferred.

: 11:30 am to 8:30 pm

Job Description

The purpose of the job is to report and analyze data around completeness and accuracy of the “Know Your Customer” data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures. In addition, this job is to ensure that the appropriate Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies. This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.

Responsibilities

• Effectively manage processes for the client, ensuring a high level of operational delivery to customers. Maintain day to day client relationship activities and provide input, preparation and support to team members
• May provide recommendations to ensure that the process (from preparation to approval) is equipped with the appropriate checks and balances to ensure accuracy.
• Serves as the escalation point for issues regarding client profiles, keeping leadership apprised of potential areas of concern. Collaborates with internal stakeholders from other functions to help coordinate AML/KYC/Prevention procedures and policies in overall compliance strategy
• Communicates with internal stakeholders like Global Financial Crime, MLRO’s and external stakeholders like sales/FLU to resolve any issues in the course of client Onboarding
• Review Complex client structure and provide guidance to the AML Ops team to ensure all requirement are accurately met. Maintain a current understanding of global issues, risk and events that could affect a client risk level.
• Provide on-the-ground expertise on Client Due Diligence requirements (global jurisdictions) as well as Quality Assurance Process. Day to day ongoing coaching deliver and Review QA/QC results from Quality Control team associates and address the team’s training deficiencies noted
• Keep Leadership apprised of up to date status of Legal Entities and which may go for potential escalations and Reporting of issues of concern to Operations Support, Senior Leadership
• Oversee the work of Team to ensure it of the highest Quality standards, ensure that the team operates efficiently adheres to Policy & Procedures
• Serve as a first point of contact in an event of any Query comes from regulatory/internal control audit team
• Raise Rebuttal request on the system portal post discussion with team member in case of any incorrect defect marked by Internal Quality Team
• Demonstrate flexibility to manage activities across sites as required and Manage client and cross site team contacts effectively
• Lead/Share insights and subsequent action plans on daily/weekly/monthly calls e.g. operations call, Risk Call, Productivity calls, etc.
• Taking exceptional calls where there is a challenge in obtaining the requirement from client and also help with the 4 – eye check

Requirements

Education : Any Graduate

Certifications : Preferable ACAMS Certification

Experience Range : 6-8 Years Relevant Experience in AML/KYC/CDD in similar function.

Foundational skills : In depth knowledge of AML / KYC requirements. Knowledge of Global Market/Trade Life Cycle / Banking Products is a Plus

Desired skills

• Knowledge of AML/CTF and Sanctions is essential. Must be working in a similar role with in the Banking and Capital Markets Industry
• Knowledge of various corporate structures e.g. Funds, Trusts, Partnerships, SPV’s, Complex Structures, SPF/PEP, Negative News, etc.
• Advanced communication and presentations skills
• Problem solving and Decision-making skills
• Focus on quality along with an ability to read, understand and adhere to procedures.
• Should have the appropriate communication skills to deal with the complex and rapidly changing situation
• Participate in most conversations and discussion on variety of topics related to AML/KYC
• Provide support to all the members across sites through mentoring
• Familiarity with Global Banking and market products and knowledgeable of regulatory environment, risk framework, policies & standards.

Work Timings: As per Business requirement (Must be willing to work in Nightshift (6:30pm – 3:30am))

Hyderabad

Job Description*

(Provide a high-level overview of the role and scope of responsibilities)

Primary products covered will include Fixed Income, Money markets, interest rate derivatives, FX derivatives.

Responsibilities*

• Perform Production and Reporting of daily P&L and balance sheet to Front Office & Senior Management.
• Perform 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
• 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
• 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
• Build a culture and process to identify, mitigate, and control operational risk.

Job Title*

Senior Manager

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

Foundational skills*

• Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
• 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*

12:30 PM IST to 9:30 PM IST

Job Location*

Hyderabad/ Gurugram

Process Overview*

Global Information Security (GIS) – CST-IAAT ( Identity, Authentication & Access Technology) which provides deep engineering skills in Identity, Data model, storage, retrieval, and manipulation in technologies in Cybersecurity. Quite interesting work backlog with innovative technologies for Cyber Security to safeguard bank from Cyber Threat actors and ensure applications are Information & Cyber Secure.

Job Description*

We are a tight-knit, supportive community focused on delivering the best experience for our customers while remaining sensitive to their unique needs. In this role, you will be using the experience you have gained throughout your career to provide firsthand operational deployment and support for commercial and custom software applications. While working within Microsoft and Linux environments, you will be an Technology Lead responsible for researching, designing, engineering, implementing, and supporting information security technologies.

Responsibilities*

• This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
• Opportunity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
• Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
• Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.
• Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
• People Manager & Coach: Knows and develops team members through coaching and feedback.
• Financial Steward: Manages expenses and demonstrates an owner’s mindset.
• Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
• Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.

Requirements*

Education*B.E. / B Tech / M.E. / M Tech / M.C.A

Certifications If Any*: Java/J2EE, React, Database PL/SQL

12+ years

Foundational Skills*

• In-depth knowledge of the various phases of the Systems Development Life Cycle

• 12+ years of Java/J2EE, React ( or equivalent) – FullStack hands-on team leadership experience with a strategic mindset with Agile/Scrum methodology based team
• Solutioning and strong hands on development in FullStack using Java/J2EE, React(or equivalent), PL/SQL, Messaging ( Kafka preferably).
• Worked in Enterprise level architecture or solution based development
• Architectural design or Design thinking
• MBA or equivalent from reputed institute
• Stakeholder management of primarily US based leadership and teams
• Proficient in Windows and Linux access systems
• Knowledge of database systems (MySQL or any RDBMS)
• Systems Engineering and Deployment experience
• Knowledge of policy-based and risk adaptive access controls
• Must be able to identify, analyze and address problems to resolve issues whenever possible in way that minimizes negative impact and risk to the organization
• Ability to work independently on initiatives with little oversight
• Motivated and willing to learn
• A broad knowledge of information security principles
• Identity, Access, Authorization knowledge
• Strong analytical skills/problem solving/conceptual thinking

Desired skills*

• Must be comfortable in delivering messages across a wide spectrum of individuals having varying degrees of technical understanding
• Comfortable with CI / CD process & tools associated with it – e.g., Ansible, Jenkins, JIRA, etc

Work Timings*11:30 AM to 8.30 PM IST

Hyderabad, Chennai

Job Description*

Individual will be executing & delivering high quality of business research including complex industry requests. Information will be gathered using secondary sources including syndicated sources, public domain and information sources, to effectively address business objectives. Additional responsibilities include work flow management and mentoring junior researchers.

Responsibilities*

• Deliver high quality research output on all types of company level research requests
• Willingness to work in a 24*7 (Rotational Shift) set-up as well as on Indian holidays
• Provide next level training to upcoming researchers and guide junior researcher on complex research queries
• Ensure high quality and deadline is met on all research requests
• Ability to understand the financial and market terminologies and provide the relevant information in short notice
• Liaise with bankers to understand their requirement and to resolve quality issues

Requirements*

Education- Post Graduate (MBA's / Masters) degree in Finance or Business Administration

Certifications if any- Any certification related to research is preferred, but not mandatory

Experience Range- Overall experience of 3 to 5 years in Business Research/Information Research kind of teams with at least 2 years of Company level research experience is required (Prior workflow management experience is desired)

Foundational Skills*

• Hands-on experience on data sources such as Factiva, Bloomberg, FactSet, Thomson Eikon, S&P Capital IQ, EIU, MergerMarket, etc. for performing News runs, Complex Screenings, extracting data to excel using formulae builders/excel plug-ins, Extracting complex documents, Country/Economy research, Trading data on securities and Proficiency in M&A, ECM, DCM, PIBs, etc.

• Should have experience in managing workflow including assigning requests based on the knowledge level of the associate, negotiating deadlines with bankers, etc.

• Strong proficiency in Microsoft Excel, Word, PowerPoint including formatting and hyperlinking techniques along with good verbal and written communication skills.

• Ability to work under pressure with high attention to detail and ability to maintain confidentiality.

Desired Skills*

• Personal motivated and ability to function as a team player
• Proactive and flexible
• Strong work ethics

Work Timings*

Two Months Rotational Shifts (Including Weekend Coverage)

• 06:30 to 15:30 (Weekend Coverage 06:30 to 15:30)
• 13:30 to 22:30 (Weekend Coverage 14:30 to 23:30)
• 16:30 to 01:30
• 22:30 to 07:30

Hyderabad