Bank of America India | Senior Manager

Responsibilities

• The BSM IFAR team works with the broader Treasury and LOB Finance team to support LOB and Finance partners through analytics and reporting to communicate the story of the Company’s financial results to stakeholders.
• This team is responsible for coordinating, consolidating, analyzing, and reporting balance sheet forecast results under various scenarios including baseline and stress.
• This role also plays a critical role in forecasting net interest income (NII), Treasury non-interest income, and to explain the driver of our forecasts such as change in the market yields, the LOB business strategy by line of business, legal entity, and product.
• Balance Sheet and Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and net interest income (NII).
• This job is responsible for managing balance sheets, balancing risk and stabilizing returns.
• Provide forecast analysis and summarize results as it pertains to net interest income and balance sheet.
• Assist with execution of additional routines including report building, testing and implementation of new reporting requirements.
• Partner with teams across the globe to deliver efficient, well controlled, and timely reporting to satisfy internal and external stakeholders and associated business requirements.
• Work with technology teams to resolve data issues or in implementation of new system capabilities.

Requirements

• Engineer + FRM/CFA/Degree in Finance, Business, Accounting, Quantitative, or Economics.
• Strong understanding of the balance sheet and income statement, preferably in a banking setting.
• Knowledge of basic interest rate risk principles.
• Proven track record of clear and concise verbal and written communication, comfortable escalating issues to management.
• Self-starter with ability to be proactive and well organized.
• Prior experience working in accounting or financial services.
• Analytical abilities/financial acumen/problem solving skills.
• Strong control mindset including ability to identify risks and build and maintain associated controls.
• Working knowledge of SQL and advanced Excel.
• We leverage data warehouses which require working knowledge of SQL and working with large amounts of data in excel.
• Ability to manage multiple priorities in a time-sensitive environment.
• Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx, Python).
• Prior experience with SAP eLedger (EPM, BEx).
• Experience analyzing fixed income securities and interest rate derivatives.
• Experience and exposure to banking products.
• 7-10 years of experience in a relevant role in a financial institution.
• Strong attention to detail
• Good business partnering skills
• Experience improving and automating manual processes

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)