Bank of America India | Senior Operations Manager

Responsibilities

• We are looking for a seasoned individual who has strong programming skills and good knowledge of Rates/FX/Commodities as an asset class.
• The position requires the person to have a deep understanding of derivatives, product knowledge, understanding of how different trading desks operate, their risk profiles and revenue generation mechanism.
• This role will involve facing off with very senior stakeholders in Global Finance, Front office and Risk globally in addition to engagement with senior management at GBS.
• Create the standard process to execute the methodology in line with compliance requirements.
• Implementation should be largely in python-based infrastructure.
• Perform reviews and approval of all market data constructions, functions and models used in production to value transactions.
• Review and Challenge the IPV processes conducted by Business Finance and Control (BFC).
• Review of material, new deals and changes to models and market data configurations.
• Assist with implementation of strategic projects, such as key risk management and system enhancements.
• Define the methodology for IPV and associated Liquidity/Model/Deal Specific Valuation Adjustments (VA).
• Define Fair Value Hierarchy categorization and justification and create the framework of a given product, risk, or portfolio as appropriate.
• Define Liquidity (covered/non-covered) and create the framework of a given product, risk, or portfolio as appropriate
• Lead the team from the front.
• Takes initiative and challenges existing processes and procedures in a proactive manner

Requirements

• Working closely with Traders, Market Risk Management, Model Risk Management, FO Quants, BFC, senior managers on new product, model development, model sign-off etc.
• Qualified PhD/MBA/Masters in a Quantitative Field from Tier I/II institute with relevant experience in Valuation controls processes in Global Markets environment and organization of similar scale.
• 12-15 years of Banking and Financial Services experience with extensive knowledge of working in a Global Markets environment.
• Strong quantitative modeling skills and programming skills in Python.
• Line experience coupled with a demonstrated ability to lead technology-based change.
• Proven experience of providing thought leadership to overcome challenges and lead without direct authority.
• Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
• Demonstrated ability to work in a global matrix organization and significantly multi-geography, multi-cultural offshore service delivery environment.
• Must be proactive and be a highly motivated self-starter.
• Strong leadership skills with ability to face-off with Senior global stakeholders and auditors.
• Ability to analyze issues independently and drive solutions.
• Strong Programming Knowledge (Python)

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)