Senior Manager

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 (GBS) 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.

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 Finance, Risk and Technology to define business processes and implement related technology solutions

• Act as a bridge between Market Risk and BFC to navigate backtesting issues.

Partner with BFC to enhance VBT controls to enhance accuracy of submissions into VBT for Backtsting.

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

Requirements*

 Education*

The successful candidate will possess the following qualifications:

• Ability to lead and drive change

o Strong collaboration and relationship management skills

o High sense of urgency with ability to drive results

o Independent thought process; strongly need an individual who doesn’t need to be advised on every single next step and who takes initiatives

• Minimum of 8+years industry experience

o Have proven ‘requirement and process definition’ and ‘documentation’ skills with ability to handle diverse workload and tight schedules

o Basic Financial Product knowledge Fixed Income/Equities – derivatives – can relate the PL change of underlying position with respect to Macro Economic factors – Interest Rate/Equity/FX etc.

• Excellent verbal and written communication/presentation skills

o Ability to bridge communication between Analysts and Technologists

o Ability to work across business groups and in a team environment

o Ability to interface across various levels and departments of the organization

Certifications If Any

Experience Range*

8-12 years of experience

 Foundational skills*

o Demonstrate Global Markets product knowledge

o Demonstrate experience in or around the product control environment

o Experience in MO office/finance/operation re engineering initiatives

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 contemporary technology

Work Timings*

11:00 AM to 8:00 PM

Job Location*

Gurgaon