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 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) 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 Financial Control function covering the Fixed Income/FX/Equity 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

Primary products covered will include All Product across Fixed Income, FX, Credit and Equities

Job Description

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 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
Would be typical own set of books/cost center and Business Units

Responsibilities

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 4 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 products

Certifications If Any

Advanced education and/or enhanced technical qualifications are a plus
Ability to use Access or VBA would enhance the candidates attractiveness significantly

Experience Range

4 to 8 years with at least 4 years experience in Global Markets Product Control role

Mandatory skills

Global Markets experience in Middle office or Finance
Experience in dealing with Trading systems, Ledgers and Sub-ledgers
Control focused, analytical, team oriented, comfortable with complex products
Strong financial analytics experience
Excellent organizational, communication, and relationship management skills
Demonstrated ability to work in a high pressure environment
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint Knowledge of Visual Basic, Access databases and macros will be an added advantage
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

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 : 15th Mar 2020

Key Skills:

Company Profile:

Company
Bank of Americaarfix

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