The Bank of America has invited applications from eligible candidates for the post of Team leader.
The 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.
Job Description
- The candidate’s main responsibility will be to produce and deliver the daily P&L to the 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.
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.
- 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.
Requirements
Education
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 4 yrs. experience or Graduate in Commerce with 6+ 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.
Experience
2to 4 years with at least 2 years’ experience in the Global Markets Product Control role.
Skills
- Global Markets experience in Middle office or Finance
- Experience in dealing with 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
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