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Vice President - Global Markets Business Finance & Control

Bank Of America·Posted 4 weeks ago

Location

All India, Gurugram

Experience

10–16 years

Required Skills

Product ControlDerivativesStructured NotesHedgingCredit RiskFinancial MarketsUS GAAPIFRSAlteryxPythonTableauGlobal MarketsIAS Reporting Framework

About the Role

As a Vice President in Global Markets Business Finance & Control (BF&C) at Bank of America, your role will focus on providing support services related to the relationship between trading risk positions and P&L components. Your primary responsibility will involve working in the P&L production area for the Global FX & Local Currency Trading (LCT) desks in the APAC Region. You will be responsible for producing and delivering daily P&L reports to the front office, offering detailed analysis and explanations on any issues encountered and daily revenue drivers. Effective communication and time management skills are essential for this role as you will interact with the Front Office, Middle Office, Finance, and Trade Capture teams.

Key Responsibilities: - Supervise the production and reporting of daily P&L and balance sheet to Front Office & Senior Management - Reconcile actual P&L with trader estimates and review flash/actual variance analysis - Collaborate with trading desks on position, P&L, or other ad-hoc issues

  • • Analyze traders' risk positions, apply the Greeks (Delta, Vega, Gamma) vs daily market moves

  • • Supervise IPV, Valuation Control Activities, VA Computations

  • • Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations, and Finance to resolve issues/queries

  • • Develop, standardize, and continuously improve existing processes and workflows

  • • Manage team projects, direct group effort and day-to-day team activities

  • • Drive risk disciplines and internal controls to deliver the best outcomes for clients and shareholders

  • • Attract, retain, and grow talent
  • Qualifications Required: - Qualified Chartered Accountant/CPA/CFA/MBA from Tier I/II institute with relevant experience in Product Control or Global Markets environment

  • • 10 to 16 years of experience with at least 8+ years in Global Markets

  • • CFA/FRM certified candidates preferred

  • • Advanced education and/or enhanced technical qualifications are a plus
  • Bank of America is committed to being a diverse and inclusive workplace, offering competitive benefits to support your physical, emotional, and financial well-being. Join us in driving Responsible Growth and making a positive impact in the financial industry. As a Vice President in Global Markets Business Finance & Control (BF&C) at Bank of America, your role will focus on providing support services related to the relationship between trading risk positions and P&L components. Your primary responsibility will involve working in the P&L production area for the Global FX & Local Currency Trading (LCT) desks in the APAC Region. You will be responsible for producing and delivering daily P&L reports to the front office, offering detailed analysis and explanations on any issues encountered and daily revenue drivers. Effective communication and time management skills are essential for this role as you will interact with the Front Office, Middle Office, Finance, and Trade Capture teams.

    Key Responsibilities: - Supervise the production and reporting of daily P&L and balance sheet to Front Office & Senior Management

  • • Reconcile actual P&L with trader estimates and review flash/actual variance analysis

  • • Collaborate with trading desks on position, P&L, or other ad-hoc issues

  • • Analyze traders' risk positions, apply the Greeks (Delta, Vega, Gamma) vs daily market moves

  • • Supervise IPV, Valuation Control Activities, VA Computations

  • • Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations, and Finance to resolve issues/queries

  • • Develop, standardize, and continuously improve existing processes and workflows

  • • Manage team projects, direct group effort and day-to-day team activities

  • • Drive risk disciplines and internal controls to deliver the best outcomes for clients and shareholders

  • • Attract, retain, and grow talent
  • Qualifications Required:

  • • Qualified Chartered Accountant/CPA/CFA/MBA from Tier I/II institute with relevant experience in Product Control or Global Markets environment

  • • 10 to 16 years of experience with at least 8+ years in Global Markets

  • • CFA/FRM certified candidates preferred

  • • Advanced education and/or enhanced technical qualifications are a plus
  • Bank of America is committed to being a diverse and inclusive workplace, offering competitive benefits to support your physical, emotional, and financial well-being. Join us in driving Responsible Growth and making a positive impact in the financial industry.

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