Vice President

About us At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection Responsible Growth is how we run our company and how we deliver for our clients teammates communities and shareholders every day One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world We re devoted to being a diverse and inclusive workplace for everyone We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical emotional and financial well-being Bank of America believes both in the importance of working together and offering flexibility to our employees We use a multi-faceted approach for flexibility depending on the various roles in our organization Working at Bank of America will give you a great career with opportunities to learn grow and make an impact along with the power to make a difference Join us Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed globally integrated delivery model and globally resilient operations Global Business Services is recognized for flawless execution sound risk management operational resiliency operational excellence and innovation In India we are present in five locations and operate as BA Continuum India Private Limited BACI a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services Process Overview Global Markets Business Finance Control BF C is a division of Global Banking Markets GBAM Finance responsible for the production and independent validation of Global Markets profit and loss and balance sheet In this regard BF C will ensure inter alia that accounting policies are correctly and consistently applied and that trading portfolios are appropriately valued 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 work closely with front office middle office traders and valuation control teams to drive the control agenda across the business Global Markets Business Finance Control BF C seeks to provide a support service with particular focus on the relationship between trading risk positions and P L components We are looking to recruit an individual to work in the P L production area covering the Global FX Local Currency Trading LCT desks in EMEA AMRS Region 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 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 Primary products covered will include foreign exchange FX Options FX Forwards Fixed Income Money markets Rates Responsibilities 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 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 Supervise IPV Valuation Control Activities VA Computations 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 Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk Optimize Operational Excellence - act as innovator and change catalyst to drive process redesign and realize efficiency across the platform 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 Be pro-active and engage control partners technology to identify and mitigate operational risks Attract retain and grow talent Build a culture and process to identify mitigate and control operational risk Requirements Education Qualified Chartered Accountant CPA CFA MBA from Tier I II institute with relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP IFRS IAS reporting framework with an interest and aptitude for derivative products Certifications If Any CFA FRM certified candidates would be preferred Advanced education and or enhanced technical qualifications are a plus Experience Range 10 to 16 years with at least 8 years experience in Global Markets Foundational skills 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 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 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 Has the gravity to interact at all levels of management to support resolution of complex business issues Demonstrated ability to work in a globally matrixes and significantly multi-geography multi-cultural offshore service delivery environment A convincing executive presence which conveys composure and confidence in all situations the credibility and stature to carry stakeholders through influence rather than via the hierarchy Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders Desired skills 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 Demonstrated ability to work in a high-pressure environment Takes initiative and challenges existing processes and procedures in a proactive manner Strong team player Ability to analyze issues independently and derive solutions Analytical skills Inherent sense of principles of control through experience and sound judgment Reliability Work Timings 11 00 AM IST to 21 00 PM IST Job Location Gurugram Hyderabad Mumbai