Senior Manager
Bank of America
Europe, Poland, Podlaskie, Saki
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Salary
$164,000 - $233,000 Per Year
Rank
Senior Manager
Responsibility
Process Roles
Scope
Global
Workplace
100% in office
Functions
Finance
IT
Marketing
Reports to
Level
N-1
Travel Max:
0%
Posting Date
10-12-2024
Description
Global Markets Business Finance & Control (BF&C) seeks to provide a 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 P&L production area covering the Global Markets Trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L 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
- Production and reporting of daily P&L to Front Office & Senior Management.
- 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.
- Would be typical own set of books/cost center and Business Units
- 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 from Tier I/II institute with at least 6+ yrs. experience or Graduate in Commerce with 8+ years of relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products
Certifications If Any
- CFA / FRM certified candidates would be preferred
- 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+ years of experience in Global Markets Product Control role
Foundational skills
- Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
- The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner
- 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.
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
Benefits
- Insurance, Health & Wellness
- Financial & Retirement
- Family & Parenting
- Vacation & Time Off
- Professional Support
- Other Perks & Discounts…
Company Profile
Bank of America
Industry
Banking
Revenue
$115.05B
Employees
217,000
Fortune 500 Rank
#32
Global 500 Rank
#82
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