Bank Of America Assistant Vice President 

India, Haryana, Gurugram District 

461604612

Job Description

Primary products covered will include: Repo, Bonds, Futures

Responsibilities

• Functionally manage the AMRS Short End Trading portfolio and deliveries.
• 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
• Analyze traders’ risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
• 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/ B. Tech from Tier I/II institute with at least 10 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

8 to 10 years with at least 6 years’ experience in Global Markets Product Control role.

Mandatory skills

• Understanding of the Financing ad Bonds products
• Understanding of the PnL Attribution and Accounting of the Financing products
• Global Markets experience in Finance
• Experience in dealing with pricing models, Trading systems, Ledgers and Sub-ledgers.
• Control focused, analytical, team oriented, comfortable with complex products
• Strong financial analytics experience
• Excellent organizational, communication, and relationship management skills
• Demonstrated ability to work in a high pressure environment
• Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
• 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

• Effective communication skills with English proficiency
• Advanced experience/skills with Excel and complex spreadsheets
• Able to work both independently and as team member
• Strong problem solving and analytical abilities (Excel/Essbase)
• Insight / Oracle / E ledger or equivalent experience preferred
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Ability to analyze issues independently and derive solutions

Work Timings*

13:30 PM IST to 10:30 PM IST