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Mumbai, Maharashtra, India
Onsite
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!
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.
and the operating company for India operations of Global Business Services.
Process Overview*
Business Finance and Control (BFC) sit within the CFO Org and is mainly responsible for ensuring strong financial controls along with enabling the business. Global Rates (GR) BFC supports the GR business, which falls under Global Markets and specifically in the Global Market FICC division. The GR business includes 1) Linear Rates which is responsible for market making (linear rates product); 2) Cross Asset Structured Notes - Central Funding Desk (CFD) responsible to centrally manage and own the various exotic structured notes issued by the bank and 3) Non-Linear Rates – which consists of Structured Exotic Rates Products.
The GR BFC teams are responsible for assisting in Analysis & reporting of LR, CFD & NLR PnL and ensuring integrity, completeness, and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls.
Job Description*
The GR BFC teams are responsible for assisting in Analysis & reporting of LR, CFD & NLR PnL and ensuring integrity, completeness, and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls.
We are looking to recruit an individual to work in the P&L production area covering the Treasury/Fixed Income/FX trading 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, Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job.
Primary products covered will include Fixed Income, Swaps, FX, Rates
Responsibilities*
Production and reporting of daily P&L to Front Office & Senior Management
Requirements*
Education*
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with 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
Certifications If Any
• CFA / FRM certified candidates would be preferred
• Advanced education and/or enhanced technical qualifications are a plus
Experience Range*
4 to 8 years with at least 4+ years’ experience in Global Markets Product Control role
Foundational skills*
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
Desired skills
Work Timings*
12:00 PM to 09:00 PM IST
Job Location*
Mumbai/Hyderabad
