Assistant Manager

Job Description:

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 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*

Global Banking and Markets supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from three locations i.e, Mumbai, Gurgaon & Hyderabad.

Job Description*

A division of Global Payments Solutions at Bank of America, Bid Management team designs, delivers and services integrated credit and treasury products to more than 140,000 clients around the world, including small businesses, middle-market and large corporations, multi-nationals, financial institutions and governments. These solutions, distributed through Bid Managers, include business and corporate lending, global payments and liquidity management, commercial card services, trade finance, foreign exchange, lines of credit and equipment finance solutions.

As an extended part of the Bid Management team, the team creates Benchmarking peer analysis and Working Capital Pitchbooks from publically available data to create reports and run the financial models based on the data available and will also work on presentations / Pitchbooks to include company and/or industry overview, SWOT analysis, Industry analysis, generic trend analysis slides and various product slides for clients.

The team also analyses client spend to determine the best opportunities for efficiencies in ESG Benchmarking, Trade finance, cost savings and cash flow benefits. Various Treasury solutions like Supply Chain Finance, Purchase cards, Virtual cards and ACH are recommended which work together to give the client and its suppliers more efficient and optimized payment options.

An associate working for the process would be expected to not only just look for the company/industry information from the published reports, but also be able to analyze and understand which data points and financial metrics are important for a particular industry. Hence, the profile requires advanced research capabilities, database knowledge, finance and economics understanding as well as analytical skills. The candidate should be able to convert factual information into a highly analytical and incisive presentation.

Responsibilities*

Candidate will be responsible for the following:

• The associate is responsible for working and delivering the working capital and benchmarking pitchbooks and detailed company/industry profiles
• Associate would also be responsible to process Trade Finance analysis & Card Spend analysis
• Industry/market research including monitoring and reporting trends
• The associate would also be responsible to work on adhoc projects/assignments that may come up during exigencies

Requirements*

• Education*
  • Masters in Accounting, Finance or Economics / CFA
  • 2-3 year work experience in financial services industry, preferably experience in Commercial or Corporate Banking

• Certifications If Any    
  • MBA in Finance
  • CFA (Good to have)

• Experience Range*
  • 3-5 years of relevant experience

• Foundational skills*
  • Strong knowledge of financial statements and industry indicators/ratios and picking out anomalies
  • Understanding and analyzing economic/financial information
  • Strong understanding of financial services industry
  • Ability to build and work on financial models
  • Preparing high-quality research-based Presentations which includes information such as Peer Group Analysis, Debt Capital Structure Analysis & Industry insights
  • Analytical frame of mind
  • Excellent written communication skills

• Desired skills*
  • Meticulous, team player and able to perform under pressure
  • Ability to prioritize work and meet deadlines and work in a highly project based environment
  • Proactive in nature, assertive, and has excellent attention to details.
  • Initiative and client-focus (will understand and promote focus on client-service and will be proactive in managing client/LOB relationships)
  • Proven ability to work independently, cooperatively as a member of a team and to coordinate efforts and collaborate with LOB partner

Work Timings*

• 11 AM to 8 PM