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Bank Of America Sr Operations Manager 
India, Maharashtra, Mumbai 
591868670

06.09.2024

Job Description*

Primary products covered will include: All Equities based products

Responsibilities*

Primary products covered will include: All Equities based products.

  • 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

Business Partnering

  • 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*

Education Qualification: 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*

10-12 Years of Industry, Finance or Product Control, Valuation control or market risk experience

Foundational skills*

  • 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*

Weekly Offs: Saturday & Sunday

Timing: 8:00 AM to 5:00 PM

Job Location*

Mumbai/ Gurugram