Assistant Manager

Bank of America; Maharashtra; On-site; INR 850,000 - 1,250,000; Full time

Job summary

Bank of America in Mumbai is seeking a skilled Middle Office professional to support STR/Structured Trade Review within the Global Middle Office. The role focuses on reconciling trades, validating valuations, and ensuring accurate risk reporting.

The candidate should have 3–7 years of experience in middle office or operations for OTC derivatives, with strong Excel and VBA skills, and a solid understanding of capital markets products. This is an in-office role in Mumbai.

Qualifications

• Post Graduation or CFA/FRM or equivalent finance certification required.
• 3-7 years of experience in middle office or operations for OTC derivatives.
• Proficiency in Excel with macros and formulas; strong communication and analytical skills.

Responsibilities

• Reconcile trade bookings in trade/risk systems against confirmations and term sheets to ensure no discrepancies.
• Ensure trades are booked in appropriate valuation models and that MTM parameters are correctly captured.
• Identify potential PnL breaks due to mis-booking and report MTM impact of amendments.
• Identify and report conservative valuation bookings (overhedges) and approximate bookings for trades.

Skills

Analytical skills

Communication skills

Capital markets knowledge

Excel proficiency

Education

Post Graduation or CFA/FRM

Tools

VBA

Excel

Job description

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

The STR or Structured Trade Review Team is part of the Global Middle Office (GMO) Team. Structured Trade Review (STR) is a control process designed to reduce this risk for trades which are complex in form or booking, ensuring that trade economics are correctly captured and recorded in the systems according to the confirmation and term sheet

Job Description

• Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies
• Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking
• Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments
• Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades

Process Improvement

• Identify issues and control gaps in existing infrastructure
• Work with technology team to streamline our processes and enhance data integrity and control

Responsibilities

• Intense work ethic with history of proven strong delivery
• Strong adaptability skills to to keep the focus on delivering for the business & client whilst minimizing time spent on low value additive activities
• Personal effectiveness: communication, decisiveness, energy & drive, character & works diligently to achieve success Strong technical skills to understand the products and business
• Strong analytical skills
• Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management

Requirements

Education

• Post Graduation or an equivalent qualification (CFA, FRM or Any Finance related certifications)

Experience Range

• Experience in a middle office support functions or operations function for OTC derivative products with a total experience of 3-7 years

Foundational Skills

• Good Understanding of Investment Banking Products from a Middle Office or Back Office background.
• Strong communication skills across all levels of seniority especially with the Trading desk
• Proven analytical skills including data reconciliation and interpretation

Desired Skills

• Demonstrate good Excel skills (macros, formulas) and VBA coding skills & Understanding of emerging technologies.

Shift Timings

11:30 to 20:30 IST

Location

Mumbai