Bank of America India | Assistant Manager

Responsibilities

• 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 are looking to recruit an individual to work in the P&L production area covering the Global Credit Trading desks.
• 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.
• 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.
• Reconcile actual P&L with trader estimates and provide flash/actual variance analysis.
• 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
• Takes initiative and challenges existing processes and procedures in a proactive manner

Requirements

• Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
• 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.
• Prior BFC experience for >2 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. Reactive and/or passive individuals need not apply.
• 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.
• Ability to analyze issues independently and derive solutions.
• Inherent sense of principles of control through experience and sound judgment.

Bank of America

Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.

Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.

• Industry: Banking and financial services
• Headquarters: Charlotte, North Carolina, USA
• In India: Corporate and investment banking, plus operations and technology centres in Mumbai, Hyderabad, Chennai and GIFT City (Gandhinagar)