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Senior Operations 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*

FP&A is an important function within the CFO Organization supporting the Global Banking & Markets Business. FP&A teams are responsible for providing information, insight and analysis relating to the financial performance of these businesses.  The role covers reporting and accounting for Global Banking and Markets for APAC, EMEA, LATAM and AMRS Regions. Primarily includes Monthly Financial Packs, Daily Weekly P&L, Expense analysis and Reporting, Expense forecast, Balance Sheet and trend reporting, Competitor analysis, pre-IR packs, actual v/s forecast analysis and journal postings.

Interactions as part of this role will largely be with business leaders, global FP&A teams and the wider Finance organization.

The role is varied with broad scope and interaction with many key stakeholders across the franchise, offering the opportunity for both personal and professional development.

Job Description

Individual will be a contributing member of the Global banking & Markets (GBAM) Finance team. He/ she will drive productivity & accuracy, and generate client satisfaction by providing operational excellence for a wide array of financial planning, analysis & accounting related activities using emerging technology tools like Tableau/Alteryx. Individual will further engaged on various activities including and not restricted to Monthly Financial Packs, Daily Weekly P&L, Expense analysis and Reporting, Expense forecast, Balance Sheet and Trend reporting, Competitor analysis, pre-IR packs, actual v/s forecast analysis and journal postings.

This individual will be working with various functional teams including BFOs, Product control, Bankers, Technology etc. to support Management Reporting and Analysis, business partnering, expense management and recovery processes etc.

This individual should have sound understanding and experience of Markets business (FICC/Equities) and product suite in Business finance operations and/or product control domains.

Thorough understanding of global Markets business are prerequisites.

Responsibilities*

• Supervise Production and Reporting of deliverables including commentaries for financials

• Work closely with BFOs, Operations, GBAM CFO, and Technology teams on a regular basis

•Lead and Influence the matrix that supports business strategic direction for the team.

•Contribute through thought leadership with Subject Matter Expert knowledge

•Establish and maintain relevant controls and feedback systems

•Partner closely with stakeholders LOB (as needed) to support reporting routines.

•Lead month-end close and all other associated management reporting.

•Manage research, projects, ad-hoc requests and simplification and standardization efforts.

•Oversee Forecast/Plan and support business reviews strategic direction of the team.

• Production and reporting of financial reports to key stakeholders and management..

• Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds

• Development & continuous improvement of existing processes & workflow.Provide guidance and training to the team members

•Build strong partnership across finance functions, enhance communication and collaboration

•Identify and drive Opex opportunities, Develop, standardize & ensure continuous improvement of current processes & routines

• Risk and control mindset, ensure adherence to firms risk and control framework

Requirements*

 Education*

Education Qualification: Postgraduate degree or Accounting qualification (e.g. Chartered Accountant – CA, CFA L-3, FRM, MBA from Tier 1 Institutes etc.)

Experience Range*

10 to 15 years with at least 5+ years’ experience in Global Markets business (any product/s)

 Foundational skills*

A good leader with efficient people management skills.

• Strong communication, organization, presentation and interpersonal skills, be able to establish strong working relationships with a board range of stakeholders, ability to influence team at remote locations

• Strong business sense and control mindset, demonstrable risk identification and management

• Strong analytical and problem solving skills with a demonstrated ability to analyze business processes and workflows and deliver required project to a high standard

• Ability and confidence to tackle new concepts and ideas associate with on going change in the business

• Ability to build SME knowledge within the group - provide appropriate level of business, product & process training to the peers & teams

• Ability to juggle multiple tasks and responsibilities

• A ‘Can do’ attitude, self-driven and proactive, be innovative and have the ability to generate new and creative ideas

• Attention to detail, strong Excel skills, good working knowledge of accounting concepts

• Good understanding of Global Market business and relevant experience is preferred

• Candidates with emerging technology (Alteryx, Tableau, Workvia) experience is preferred

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

Work Timings*

• Weekly Offs : Saturday & Sunday

• Timing: Any 9 hours shift between 8:AM to 11:00 PM IST

Job Location*

Gurugram

Learn more about this role

Full time

JR-24020291

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