
Sr Operations Manager
Bank of America
APAC/Oceania, India, Mumbai
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Salary
$55,547 - $72,732 Per Year

Rank
Senior Manager

Responsibility
Process Roles

Scope
Global

Workplace
100% in office

Functions
Finance
IT

Reports to

Level
N-3

Travel Max:
0%

Posting Date
05-12-2024
Description
We are looking to recruit an individual with extensive experience of leading high performing teams that deliver financial control and financial reporting capabilities in Fixed Income with a focus on Global Rates business.
Key Responsibilities
- Supervise Production and Reporting of daily P&L to Front Office & Senior Management.
- Run and Supervise IPV, Valuation Control Activities, VA Computations, PRU-VAL process.
- 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.
- Develop, standardize & continuous improvement of existing processes & workflow.
- Monitor Testing/UAT for existing or new systems
- 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 from Tier I/II institute with relevant experience in Valuation Control or 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
Experience Range
12 to 16 years with at least 8+ years’ experience in Global Markets Valuation Control and/or Product Control role
Foundational skills
- 12+ years of Banking and Financial Services experience and held a finance leadership position in an international environment with extensive knowledge of working in a Global Markets environment.
- Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
- The individual should have a proven track record of working and experience of managing teams of 10+ individuals having a pedigree of tier 1/ tier 2 institutions and possess a comprehensive expertise in strategic planning for flawless delivery.
- Strong people management skills, including the ability to resolve people issues and motivate the team to deliver.
- Line experience coupled with a demonstrated ability to lead technology-based change.
- 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.
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
- Other Perks & Benefits…
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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