Sr Operations Manager
Bank of America
Europe, Poland, Podlaskie, Saki
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Salary
$120,000 - $190,000 Per Year
Rank
Senior Manager
Responsibility
Functional Tower Lead
Scope
Regional
Workplace
100% in office
Functions
Finance
IT
Marketing
Reports to
Level
N-2
Travel Max:
0%
Posting Date
05-07-2025
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 Futures and Financing 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.
Key Responsibilities
- Supervise Production and Reporting of daily P&L to Front Office & Senior Management.
- Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis.
- Work closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
- Review 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.
- Control books, cost center and Business Units for line of business
- 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.
- Optimize Operational Excellence – act as innovator and change catalyst to drive process redesign and realize efficiency across the platform.
- Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes
- Manage team projects, direct group effort and day-to-day team activities.
- Manage and drive risk disciplines and internal controls to deliver the best outcomes for our clients and shareholders
- Be pro-active and engage control partners/ technology to identify and mitigate operational risks
Qualification & Requirements
Education
- Qualified Chartered Accountant/CPA /CFA / MBA/ B. Tech from Tier I/II institute with at least 12 yrs. Experience in Investment Banking Valuation/ Product Control function, preferably with experience in Financing Products.
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
- 12 to 16 years with at least 12+ years’ experience in Global Markets Valuation/ Product Control role.
Foundational Skills
- Good understanding of financial markets, financing products, Securities, etc.
- Line experience coupled with a demonstrated ability to lead technology-based change.
- Understanding of the P&L Attribution and Accounting of the Financing products
- Proven experience of providing thought leadership to overcome challenges and lead without direct authority, excellent skills with an ability to manage the group of fast paced team supporting multiple business verticals.
- Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
- Has the gravity to interact at all levels of management to support resolution of complex business issues.
- Demonstrated ability to work in a globally matrixes and significantly multi-geography, multi-cultural offshore service delivery environment.
- A convincing executive presence which conveys composure and confidence in all situations, the credibility and stature to carry stakeholders through influence rather than via the hierarchy.
- Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders.
- Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
- Must be proactive and be a highly-motivated self-starter. Reactive and/or passive individuals need not apply
Desired Skills
- Alteryx / Python / Tableau knowledge would be an added advantage
- Must be proactive and be a highly-motivated self-starter
- Effective communication skills with English proficiency
- 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
- Analytical skills
- Inherent sense of principles of control through experience and sound judgment
- Reliability
- Insight / Oracle / E ledger or equivalent experience preferred
Benefits
- Insurance Benefits
- Retirement Benefits
- Vacation Policy
- Other Perks and Benefits…
Company Profile
Bank of America
Industry
Banking
Revenue
$115.05B
Employees
217,000
Fortune 500 Rank
#18
Global 500 Rank
#38
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