Job Description:

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 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

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/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

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

Responsibilities

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
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
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
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
Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical
The right individual will be a team leader and can multi-task to manage the challenges of Middle Office processes and personnel on an independent basis yet have the awareness to escalate potential issues to management 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

Requirements

Education Qualification Postgraduate degree or Accounting qualification (eg Chartered Accountant CA, MBA from Tier 2 Institutes etc)

Experience 2 Years of Industry, Finance or Product Control experience

Mandatory skills

Strong Product/PNL Knowledge
Should be good accountant
Effective communication skills with English proficiency

Desired skills

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

Shift Timings Depends on the region to be supported

Weekly Offs Saturday & Sunday

Job Location Gurugram

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Other Accounting
Salary : As per Industry Standards
Deadline : 22nd Jul 2020

Key Skills:

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