Bank Of America Senior Operations Manager 

India, Haryana, Gurugram District 

148692829

Job Description

Primary products covered will include Repo, Bonds, Futures

Responsibilities

• Supervise Production and Reporting of daily P&L 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
• 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.
• 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

Requirements

Qualified Chartered Accountant/CPA /CFA / MBA/ B. Tech from Tier I/II institute with at least 12 yrs. Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Financing Products.

Certifications If Any

• 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

12 to 16 years with at least 8+ years’ experience in Global Markets Product Control role.

Mandatory skills

• Good understanding of financial markets, financing products, Securities, XVA, etc.
• Line experience coupled with a demonstrated ability to lead technology-based change.
• Understanding of the PnL Attribution and Accounting of the Financing products
• 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.
• Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
• 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
• Insight / Oracle / E ledger or equivalent experience preferred

Work Timings*

12:30 PM IST to 09:30 PM IST

Job Location*

Gurugram/ Mumbai