Bank Of America Senior Manager 

India, Haryana, Gurugram District 

407408756

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

• Team Management – Associate would be expected to manage a small team of 5-6 associates, which will involve reviewing their work, talent planning etc.

• Stakeholder Management – Associate would be expected to manage various stakeholders like LOB, FO, Tech partners.

Requirements*

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

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*

6 to 10 years

Foundational skills*

• Experience in Product Control, Financial Control, or a related role in an Investment Bank.

• Strong understanding of financial products across asset classes including Derivatives, Fixed Income, Equities and Structured products.

• In-depth knowledge of accounting principles, financial reporting, and regulatory requirements.

•High level understanding of all the major XVAs (CVA, FVA-U, FVA-C), their calculation and accounting treatment

• 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

• Proven track record of communicating effectively with stakeholders from various areas within and outside the organization and at different management levels

• Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.

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*

12:00 PM to 09:00 PM