Location: Mumbai, India
Category: Trading, Asset & Wealth Management
Salary: 700,000 - 1,000,000 INR / yearly
Full-time
Join Bank of America's Global Markets Business Finance Control team to provide support services with a focus on the relationship between trading risk positions and profit/loss components.
Primary products covered will include: Bonds, CDS, ETFs and Loans
Production and reporting of daily PL to Front Office Senior Management
Reconcile actual PL with trader estimates and provide flash/actual variance analysis
Working closely with the trading desks on position, PL or other issues on an ad-hoc basis
Front-to-Back analysis reconciliations of front office PnL and balance sheet to firm sub-ledgers
Assist with execution of month-end controls ensuring management vs financial PL 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
Qualified Chartered Accountant/CPA/CFA/MBA from Tier I/II institute with at least 3+ 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
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