Bank Of America Assistant Manager 

India, Telangana, Hyderabad 

772652556

Job Description*

Primary products covered will include: Equity based Structured and Exotic products

Responsibilities*

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, stand alone 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*

• 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

Experience Range*

3 - 5 Years of Industry, Finance or Product Control, Valuation control or market risk experience (esp. experience in structured and exotics products is required)

Foundational skills*

• Strong working knowledge of Structured and Exotic 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 on going 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*

11:30 AM to 8:30 PM

Job Location*

Gurugram / Mumbai