Bank of America India | Senior Operations 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 FICC desks in EMEA/AMRS Region.
• 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 individual should have a proven track record of working and experience of managing teams of 10+ individuals having a pedigree of tier 1/ tier 2 institutions and possess a comprehensive expertise in strategic planning for flawless delivery.
• 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.
• Work closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
• Review 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.
• Control books, cost center and Business Units for line of business.
• Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
• Develop, standardize & continuous improvement of existing processes & workflow.
• Monitor Testing/UAT for existing or new systems.
• Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes.
• Manage team projects, direct group effort and day-to-day team activities.
• Manage and drive risk disciplines and internal controls to deliver the best outcomes for our clients and shareholders.
• Build a culture and process to identify, mitigate, and control operational risk.
• Supervise Production and Reporting of daily P&L and balance sheet to Front Office & Senior Management.
• Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis.
• Supervise IPV, Valuation Control Activities, VA Computations
• Optimize Operational Excellence – act as innovator and change catalyst to drive process redesign and realize efficiency across the platform.
• Takes initiative and challenges existing processes and procedures in a proactive manner.

Requirements

• Advanced education and/or enhanced technical qualifications are a plus.
• 8+ years of Banking and Financial Services experience and held a finance leadership position in an international environment with extensive knowledge of working in a Global Markets.
• Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
• Strong people management skills, including the ability to resolve people issues and motivate the team to deliver.
• 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, excellent skills with an ability to manage the group of fast paced team supporting multiple business verticals.
• 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 globally matrixes and significantly multi-geography, multi-cultural offshore service delivery environment.
• 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.
• CFA / FRM certified candidates would be preferred

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)