Madhapur, IND
1 day ago
Manager
Manager Gurugram, India;Madhapur, Hyderabad **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba\_continuum/job/GURUGRAM-HARYANA/Manager\_25032629) **Job Description:** **About us*** Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses, and institutional investors we serve worldwide. * BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank. **Process Overview*** Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance responsible for the production and independent validation of Global Markets' 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 trading portfolios are appropriately valued. The team prepares and reports P&L and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We work closely with front office, middle office, traders and valuation control teams to drive the control agenda across the business. **Job Description*** Global Markets Business Finance & Control (BF&C) seeks to provide a support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Global Credit Trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job. **Responsibilities*** • Primary products covered will include Bonds, CDS, TRS, ETFs and Loans • 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 PnL 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 • Would be typical own set of books / cost center and Business Units • 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*** **Education*** Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute Certifications If Any • CFA / FRM certified candidates would be preferred • Advanced education and/or enhanced technical qualifications are a plus • Ability to use Excel Power Query or Alteryx would enhance the candidate’s attractiveness significantly **Experience Range*** 4-8 years of experience in Global Markets **Foundational skills*** • Prior BFC experience for >3 years is mandatory • Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage. • The right individual will have strong people skills and can multi-task to manage the challenges of Finance 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 and self-starter. **Desired skills** • Alteryx / Python / Tableau knowledge would be an added advantage • Must be proactive and be a highly motivated self-starter • Effective communication skills with English proficiency • 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 • Analytical skills • Inherent sense of principles of control through experience and sound judgment • Reliability **Work Timings*** 1:30 PM to 10:30 PM **Job Location*** Hyderabad/Gurugram Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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