Bank Of America Assistant Manager 

India, Haryana, Gurugram District 

168458735

Process Overview*

Treasury Finance (Product Control) is a division of Global Treasury responsible for the production and independent validation of Global Treasuries' profit and loss and balance sheet. In this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that portfolios are appropriately valued.

Job Description*

Primary products covered will include: Money Market, Bonds and FX

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 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.

• Mentor junior team members to help them grow and conduct strong oversight over all workflow & issues.

Requirements*

Graduate/ Post Graduate (MBA – Finance or equivalent) / CA

Certifications If Any

Certifications including FRM, CFA etc. if any would be added advantage

Experience Range*

4-6 years in Finance Domain with at least 3-4 years with Product Control

Foundational skills*

• Candidate should have a keen interest in the Fixed Income product set with a good understanding of the products used (see above) and their pricing

• Knowledge of financial instruments such as Repo, deposits, derivative products etc.

• Understanding of IFRS9 Product Account including AFS, MTM etc.

• Excellent understanding of General Ledger and accounting flow

• Understanding of Trade Life Cycle, Cash Flows, trade economics

• Understanding of daily PnL reporting, MTM/Attribute analysis, PnL commentary

• Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical

• The right individual will have strong people skills and can multi-task to manage the challenges of Middle Office processes yet have the awareness to escalate potential issues to their supervisor in a timely manner

• 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

• Knowledge of financial instruments such as Repo, deposits, derivative products etc.

Desired skills

• Advanced education and/or enhanced technical qualifications are a plus

• It would be advantageous if the individual has prior experience in on-shoring Finance, Middle Office or Operational workflow and implementing procedures and controls

• Ability to use Access or VBA, Python, Tableau, Alteryx would enhance the candidate’s attractiveness significantly

Work Timings*

Flexible between 7:30 AM till 11:30 PM