Bank of America India | Sr Operations Manager

Responsibilities

• The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company.
• Global Corporate & Investment Banking (GCIB) , Global Markets (GM), International Finance & Corporate Treasury strives to be a valued business partner to the company's trading, corporate, institutional & banking businesses and is responsible for funding the balance sheet, maintaining strong capital and liquidity positions, managing interest rate risk and overseeing company’s relationship with external stakeholders.
• As part of the responsibilities of the role, the teammate will develop business partner relationships within ECM, e.g. various workstreams, ECM Technology, Quality Assurance, Capital Risk and Internal/External audit.
• Throughout the tenure of the role, the teammate will gain exposure and understanding in Basel 3.1 Capital Calculations for the Corporation and develop/improve the following skills: communication and project coordination, time management.
• Liaise and coordinate with finance partners for month-end financial close process and controls.
• Manage business stakeholders and address questions/concerns on regulatory capital calculations for their products.
• Facilitate review sessions with Business, Finance, Risk and other teams where relevant.
• Build relationships with partners and ensure appropriate level of capital knowledge.
• Analysis of underlying drivers for periodic changes and variances.
• Supporting firmwide initiatives and ECM projects to test complex logic and heavy data sets for regulatory reforms or strategic fixes.
• Partner with tech team to identify continuous improvement on existing routines, leveraging new tools or emerging technology.
• Supervise production and monitoring of Market Risk risk-weighted assets (RWA) metrics and reports with expertise in FRTB and Basel 3.1 changes
• Supervise COREP templates related to Market Risk, Credit Risk, Leverage & Large Exposure
• Foster relationships with partners in capital management, business and finance to resolve questions, provide data as necessary with great attention to detail
• Takes initiative and challenges existing processes and procedures in a proactive manner

Requirements

• Communication and project coordination, time management.
• Understanding the in-house capital calculator and documenting business requirements for changes required.
• Possess strong technical background with in-depth understanding of Global Markets business, balance sheet, liquidity, capital, regulatory landscape and processes.
• 12 to 15 years with at least 5-7 years’ experience in Treasury function managing capital, market risk and credit risk calculations.
• Strong understanding of Basel capital requirements and financials, preferably in a UK / EMEA bank setting.
• Exposure in FRTB and Basel 3.1 changes, RWA and capital calculations is must.
• Knowledge of Banking and Capital market products.
• Prior experience working in accounting or financial services.
• Excellent organizational, communication, and relationship management skills.
• Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels.
• Attention to detail, analytical abilities/financial acumen/problem solving skills.
• Strong control mindset including ability to identify risks and build and maintain associated controls.
• Ability to manage multiple priorities in a time-sensitive environment.
• Strong problem solving and analytical abilities (Excel/Essbase).
• Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx, Python, AI/ML).
• 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)