Position Vacant : Openings for Middle Office Product Control (Senior Manager)  Organization Name : B A Continuum India Pvt Ltd  Company Profile : (Industry, Size, Products/Services, Standing in India/World etc.)  Bank of America is one of the world's largest 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.   BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for the individuals, businesses and institutional investors we serve worldwide.   We- re committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.   BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America. Global Markets Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data.  Process Description / Responsibilities:  - The Global Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Rates P&L / Product Control production area.   - The local team will be taking on P&L-related workflow from the U.S. Middle Office which largely supports the trading business in New York.   - The primary internal clients will be U.S. Front Office and Middle Office, however there will also be considerable interaction with Operations, Finance and Risk. In addition, increased interaction with Front Office traders can occur over time as additional processes are transitioned.   - The primary responsibility is to deliver accurate and timely p&ls and related control work. The workflow will be migrating to Gurgaon, India from both Chicago and New York. Primary products covered will include: Fixed Income, Derivatives (Swaps & Futures) and FX (Spot, Forward, NDF)  Job Overview :   - 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 subledgers,  - Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds  - 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  Desired profile of the candidate:  - Preference is a Finance or Mathematics related degree [e.g. Bachelor of Management Studies (BMS) or Bachelor of Commerce (BCom) ]  - Must have pertinent experience of 7-10 years in MO Product Control  - Candidate should have a keen interest in the Fixed Income product set with a good understanding of the products used (see above) and their pricing  - Good working understanding of Excel is a must; ability to troubleshoot spreadsheet issues is also critical  - The right individual will have strong people skills and can multi-task to manage the challenges of Middle Office processes and personnel on an independent basis yet have the awareness to escalate potential issues to management in a timely manner  - 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  - Advanced education and/or enhanced technical qualifications are a plus  - Ability to use Access or VBA would enhance the candidate's attractiveness significantly  - It would be advantageous if the individual has prior experience onshoring Finance, Middle office or Operational workflow and implementing procedures and controls as well as training junior staff  Location: Gurgaon

Delhi NCR

BA Continuum - Sr Manager - Middle Office Product Control    

BA Continuum - Sr Manager - Middle Office Product Control     ,Job Description for BA Continuum - Sr Manager - Middle Office Product Control     in Bank of America in  Delhi NCR for (7-11) years of experience. Apply Now!

Job Description for BA Continuum - Sr Manager - Middle Office Product Control     in Bank of America in  Delhi NCR for (7-11) years of experience. Apply Now!