High Salary Assistant Manager

Overview Bank overview GBS India overview Function Overview Bank of America is one of the worlds leading financial institutions serving individual consumers small and middle-market businesses and large corporations with a full range of banking investing asset management and other financial and risk management products and services We are committed to attracting and retaining top talent across the globe to ensure our continued success Along with taking care of our customers we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business LOB and enterprise functions Our employees help our customers and clients at every stage of their financial lives helping them connect to what matters most This purpose defines and unites us Every day we are focused on delivering value convenience expertise and innovation for individuals businesses and institutional investors we serve worldwide BA Continuum is a nonbank subsidiary of Bank of America part of Global Business Services in the bank 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 Credit Trading desks The candidates 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 jobResponsibilities Primary products covered will include Bonds CDS ETFs and Loans Production and reporting of daily P L to Front Office Senior Management Reconcile actual P L with trader estimates and provide flash actual variance analysis Working closely with the trading desks on position P L or other issues on an ad-hoc basis Front-to-Back analysis reconciliations of front office PnL 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 Would be typical own set of books cost center and Business Units Liaise with various business partners such as Technology Market Risk Credit Risk Operations and Finance to resolve issues queries Development continuous improvement of existing processes workflow Testing UAT for systems work ranging from minor system releases to major system implementations Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk Requirements Education Qualified Chartered Accountant CPA CFA MBA from Tier I II institute with at least 3 yrs experience or Graduate in Commerce with 6 years of 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 productsCertifications If Any CFA FRM certified candidates would be preferred Advanced education and or enhanced technical qualifications are a plus Ability to use Access or VBA would enhance the candidates attractiveness significantly Experience Range 2 to 8 years with at least 2 years experience in Global Markets Product Control roleFoundational skills Proficiency in MS Office Suite expert knowledge of Excel Word PowerPoint Knowledge of Visual Basic Access databases and macros will be an added advantage The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels Must be proactive and be a highly motivated self-starter Reactive and or passive individuals need not apply 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 30 Hours IST to 20 30 Hours ISTJob Location Gurugram Mumbai