Bank Of America Sr Operations Manager 

India, Maharashtra, Mumbai 

873210274

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, 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*

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 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, Workiva) 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