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Senior Manager

Gurugram, , India

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America is one of the world’s 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*

The Global Banking and Markets [GBAM] Finance seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Value at Risk Back-Testing Controls function of GBAM Finance.

Job Description*

As a member of this team, you will be accountable for handling Production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L Attribution required for VBT together with analysis of the returned results and remediation where required. This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages and P&L explains.  As such, the visibility and exposure in this role is quite significant as VBT is done essentially across all regions and trading businesses.

Responsibilities*

As an Individual Contributor developing and re-engineering processes to bridge the Product Control, Finance and Risk disciplines, responsibilities will include the following:

• Partnering closely with, Middle Office, Finance, Risk and Technology to define business processes and implement related technology solutions.

• Responsible for maintenance of VBT- database; individual working in this team would be involved in maintenance of Aggregation, Processing and Reporting tools

• Helping deliver, design, maintain and enhance VBT data & MIS processes that impact multiple product control businesses across all regions

• Liaise with Technology to oversee aspects of implementation include tactical solutions and strategic enhancements as additional requests are made by Middle Office Mgmt, Risk and/or Regulators

• Building sustainable processes that the candidate will then run after development

Requirements*

 Education*

.CA/MBA

Experience Range*

7-10 years

 Foundational skills*

o Demonstrate OTC product knowledge

o Demonstrate experience in or around the product control environment

o Experience in MO office/finance/operation re-engineering initiatives and THINK STRATEGIC.

o Ability to articulate full product life cycle and understanding front to back OTC trade life cycle and the use of OTC valuations by downstream consumers

o Solid understanding of Greeks, knowledge of VaR a benefit

o Experience in Alteryx.

Desired skills

Strong Stakeholder Management skills

Work Timings*

11:00 AM to 8:00 PM

Job Location*

Gurgaon

Job Band:

H6

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America is one of the world’s 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*

The Global Banking and Markets [GBAM] Finance seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Value at Risk Back-Testing Controls function of GBAM Finance.

Job Description*

As a member of this team, you will be accountable for handling Production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L Attribution required for VBT together with analysis of the returned results and remediation where required. This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages and P&L explains.  As such, the visibility and exposure in this role is quite significant as VBT is done essentially across all regions and trading businesses.

Responsibilities*

As an Individual Contributor developing and re-engineering processes to bridge the Product Control, Finance and Risk disciplines, responsibilities will include the following:

• Partnering closely with, Middle Office, Finance, Risk and Technology to define business processes and implement related technology solutions.

• Responsible for maintenance of VBT- database; individual working in this team would be involved in maintenance of Aggregation, Processing and Reporting tools

• Helping deliver, design, maintain and enhance VBT data & MIS processes that impact multiple product control businesses across all regions

• Liaise with Technology to oversee aspects of implementation include tactical solutions and strategic enhancements as additional requests are made by Middle Office Mgmt, Risk and/or Regulators

• Building sustainable processes that the candidate will then run after development

Requirements*

 Education*

.CA/MBA

Experience Range*

7-10 years

 Foundational skills*

o Demonstrate OTC product knowledge

o Demonstrate experience in or around the product control environment

o Experience in MO office/finance/operation re-engineering initiatives and THINK STRATEGIC.

o Ability to articulate full product life cycle and understanding front to back OTC trade life cycle and the use of OTC valuations by downstream consumers

o Solid understanding of Greeks, knowledge of VaR a benefit

o Experience in Alteryx.

Desired skills

Strong Stakeholder Management skills

Work Timings*

11:00 AM to 8:00 PM

Job Location*

Gurgaon

Learn more about this role

Full time

JR-22039648

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0