Sr Operations Manager at Bank of America

Gurugram, haryana, India -

Full Time

Start Date

Immediate

Expiry Date

02 May, 26

Salary

0.0

Posted On

01 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Control, Financial Management, P&L Analysis, Balance Sheet Management, Commodities Knowledge, Risk Analysis, Communication Skills, Time Management, Analytical Skills, Teamwork, Excel Proficiency, Problem Solving, Control Focused, Organizational Skills, Trading Systems, Pricing Models

Industry

Banking

Description

Job Description: 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. Job Description* 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 and Financial Management function covering the Global Commodities trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L and Balance Sheet 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: Futures, Forwards, Options, Swaps (Commodities Underlying) Responsibilities Contribute on the overall Commodities portfolio and deliveries. 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. 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/ B. Tech from Tier I/II institute with at least 8 yrs. Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Commodities. Certifications If Any Advanced education and/or enhanced technical qualifications are a plus Ability to use Access or VBA would enhance the candidate’s attractiveness significantly Experience Range 7 to 8 years with at least 5 years’ experience in Global Markets Product Control role. Foundational skills* Understanding of the Commodities markets & products Understanding of the PnL Attribution and Accounting of the Commodities products Global Markets experience in Finance Experience in dealing with pricing models, 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 Desired skills Effective communication skills with English proficiency Advanced experience/skills with Excel and complex spreadsheets Able to work both independently and as team member Strong problem solving and analytical abilities (Excel/Essbase) Insight / Oracle / E ledger or equivalent experience preferred Takes initiative and challenges existing processes and procedures in a proactive manner Ability to analyze issues independently and derive solutions Work Timings* 12:30 PM IST to 21:30 PM IST Job Location* Mumbai/ Gurugram 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. Job Description* 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 and Financial Management function covering the Global Commodities trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L and Balance Sheet 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: Futures, Forwards, Options, Swaps (Commodities Underlying) Responsibilities Contribute on the overall Commodities portfolio and deliveries. 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. 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/ B. Tech from Tier I/II institute with at least 8 yrs. Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Commodities. Certifications If Any Advanced education and/or enhanced technical qualifications are a plus Ability to use Access or VBA would enhance the candidate’s attractiveness significantly Experience Range 7 to 8 years with at least 5 years’ experience in Global Markets Product Control role. Foundational skills* Understanding of the Commodities markets & products Understanding of the PnL Attribution and Accounting of the Commodities products Global Markets experience in Finance Experience in dealing with pricing models, 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 Desired skills Effective communication skills with English proficiency Advanced experience/skills with Excel and complex spreadsheets Able to work both independently and as team member Strong problem solving and analytical abilities (Excel/Essbase) Insight / Oracle / E ledger or equivalent experience preferred Takes initiative and challenges existing processes and procedures in a proactive manner Ability to analyze issues independently and derive solutions Work Timings* 12:30 PM IST to 21:30 PM IST Job Location* Mumbai/ Gurugram 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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.

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Responsibilities

The candidate will produce and deliver the daily P&L and Balance Sheet to the front office, ensuring high standards of analysis and explanation of issues. They will also reconcile actual P&L with trader estimates and work closely with trading desks on various financial issues.