Senior Manager

Bank of America; India; On-site; INR 1,000,000 - 2,000,000; Full time

Job summary

Bank of America is seeking a finance professional in Mumbai/Hyderabad to join the Global Markets Business Finance team. The role involves producing and delivering daily P&L reports, reconciling data, and collaborating closely with trading desks to resolve issues. Ideal candidates will have over 8 years of experience in Global Markets and high proficiency in financial analysis.

The position requires strong communication skills and expertise in Fixed Income Derivatives, alongside advanced knowledge of Excel and other financial tools.

Qualifications

• 8+ years of experience in Global Markets.
• Prior BFC experience for >6 years is mandatory.
• Ability to use Access or VBA enhances attractiveness significantly.

Responsibilities

• Produce and deliver the daily P&L to front office.
• Reconcile actual P&L with trader estimates.
• Work closely with trading desks on position or P&L issues.

Skills

Financial analysis

Communication skills

Time management

Analytical skills

Proficiency in Excel

Knowledge of Fixed Income Derivatives

Education

Qualified Chartered Accountant/CPA/CFA/MBA from Tier I/II institute

CFA/FRM certification

Tools

MS Office Suite

Access

VBA

Job description

Job 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 Counterparty Portfolio Management 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. Strong product knowledge of Fixed Income Derivatives (Rates, Credit, FX, etc.), concept of XVA (CVA, FVA, DVA, etc.), bonds, futures and options, and capital markets is expected.

Responsibilities

• Primary products covered will include: Collateral, OTC Derivatives, Swaps, Repos & Reverse Repos, Futures and options
• 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
• Typical own set of books / cost center and Business Units
• Liaise with various business partners such as Technology, Market Risk, Rates 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

Education & Certifications

• Qualified Chartered Accountant/CPA/CFA/MBA from Tier I/II institute
• Preferred: CFA/FRM certification
• Advanced education and/or enhanced technical qualifications are a plus
• Ability to use Access or VBA enhances attractiveness significantly

Experience

• 8+ years of experience in Global Markets
• Prior BFC experience for >6 years is mandatory

Foundational Skills

• Detailed knowledge of product control and financial markets
• Good understanding of financial markets, derivatives & structured notes – their hedging, funding, rates risk, etc.
• Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint
• Knowledge of Visual Basic, Access databases and macros is an added advantage
• Strong people skills, multi‑tasking, escalation awareness
• Proven track record of communicating effectively with personnel at various levels
• Self‑starter, proactive, highly motivated

Desired Skills

• Basic understanding and experience of using AI tools / Co‑pilot
• Alteryx / Python / Tableau knowledge would be an added advantage
• Effective communication skills with English proficiency
• Demonstrated ability to work in a high‑pressure environment
• Initiative and challenging existing processes
• 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

Work Timings

12:30 PM to 9:30 PM or 1:30 PM – 10:30 PM

Job Location

Mumbai/Hyderabad