Job Description:

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

Product Control are the financial guardians of the banks sales and trading activities We fulfil this role through

Existence (Validity) Only valid or authorized transactions are processed (ie, no invalid transactions)
Occurrence (Cutoff) Transactions occurred during the correct period or were processed timely
Valuation Transactions are calculated using an appropriate methodology or are computationally accurate
Rights & Obligations Assets represent the rights of the company, and liabilities its obligations, as of a given date
Presentation & Disclosure (Classification) Components of financial statements (or other reporting) are properly classified (by type or account) and described



The Global Banking and Markets [GBAM] Finance seeks to provide a first-class 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 Fixed Income/FX 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 job

All Linear Product across Fixed Income, FX, Credit and Equities

Responsibilities

Must have experience of managing a team in a global environment and be able to draw on examples accordingly
Ownership of the Teams daily & Monthly processes
Principle point of escalation for the team The Asst Manager is expected to own issues through to resolution and support staff in delivery
Coordinate and Execute GRC book of work in line with pre-agreed project milestones/deliverables
Working with management to action People, Process & Technology initiatives across the GRC function
Report progress at an appropriate level ensuring minimal overhead/maximum effect
Compile and Monitor daily P&L for one of the Flow trading desks with analysis of P&L numbers in relation to market moves
Complete daily reconciliation to SubLedger
Perform the Month-End SubLedger to general ledger reconciliation
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves
Develop & improve the existing processes plus conduct testing/UAT for new systems software releases
Handle Ops and Market Risk queries relating to products / books covered
Work as a team to improve / develop analytical tools to better support the business
Communicate effectively & escalate issues to senior management in a timely and thorough manner
Mentor junior team members to help them grow and conduct strong oversight over all workflow & issues

Requirements

Education Postgraduate degree or accounting qualification (eg Chartered Accountant - CA) CGPA > 60 PERCENT
Advanced education and/or enhanced technical qualifications are a plus or MBA from Reputed Institutes
Experience 4-7 years of relevant experience Industry, Finance or Product Control experience

Mandatory Skills

Candidate should have a keen interest in the Fixed Income /FX/Credit or Equities product set, preferably with a good understanding of the products used (see above) and their pricing
Excel skills
Intermediate
Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical
Management skills Personnel & Process
Intermediate
The right individual will be a Manager and can multi-task to manage the challenges of Finance processes and personnel on an independent basis yet have the awareness to escalate potential issues to management in a timely manner
Good communication skills
Proficiency in English a must
Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels

Desired Skills

Access/ VBA skills
Ability to use Access or VBA would enhance the candidates attractiveness significantly

Competencies

Strong Product/PnL Knowledge, should have handled multiple desks
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

Work Timings APAC / EMEA / US Shift, Monday to Friday; 09 Hours window from 0530 AM 0130 AM

Job Location Hyderabad

Posting Date 01/10/2019

Location
Hitec City, Madhapur - Maximus A, Mindspace, Raheja IT Park
- India

Full / Part-time Full time

Hours Per Week 45

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 19th Apr 2020

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