Assistant Vice President

Key Responsibilities

• Reconcile actual P&L with trader estimates and provide flash/actual variance analysis.
• Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
• 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.
• 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.

Qualification & Requirements

Education

• Qualified Chartered Accountant/CPA /CFA / MBA/ B. Tech from Tier I/II institute with at least 8 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

• 8 to 10 years with at least 6 years’ experience in Global Markets Product Control role.

Mandatory skills

• Understanding of the Financing ad Bonds products
• Understanding of the PnL Attribution and Accounting of the Financing products
• Global Markets experience in Finance
• Experience in dealing with pricing models, Trading systems, Ledgers and Sub-ledgers.
• Control focused, analytical, team oriented, comfortable with complex products
• Strong financial analytics experience
• Excellent organizational, communication, and relationship management skills
• Demonstrated ability to work in a high pressure environment
• Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
• Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
• Must be proactive and be a highly-motivated self-starter. Reactive and/or passive individuals need not apply

Desired skills

• Effective communication skills with English proficiency
• Advanced experience/skills with Excel and complex spreadsheets
• Able to work both independently and as team member
• Strong problem solving and analytical abilities (Excel/Essbase)
• Insight / Oracle / E ledger or equivalent experience preferred
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Ability to analyze issues independently and derive solutions

Work Timings*

• 13:30 PM IST to 10:30 PM IST

List of Process / Business with best suited profile fitment for the role*

• GBAM Finance – Business Finance and Controls

Benefits

At Bank of America, our most important asset is our people. We are committed to supporting the financial, emotional and physical wellbeing of our employees and their families by offering flexible and competitive benefits—so they can be their best at work and at home.