Overview (Bank of America overview, BA Continuum India overview, Business Overview)

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 are 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.

Process Overview
Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance
responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. In
this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that
trading portfolios are appropriately valued.

The desk is responsible for preparing and reporting of P&L and balance sheet to the business and ensures the
accuracy and integrity of the general ledger. The desk is responsible for daily service delivery and ensuring
effective controls, transparent management information and becoming a center of excellence delivering process
simplification and efficiencies. The desk will work closely with front office, middle office, traders and valuation
control teams to drive the control agenda across the business.

Job Description
Global Markets Business Finance & Control (BF&C) seeks to provide a first-class 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 Fixed Income/FX/Equity 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, and Finance and Trade Capture teams so good
communication and time management skills are an essential requirement for this job.

Primary products covered will include: All Linear Product across Fixed Income, FX, Credit and Equities

Responsibilities
 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.
 Would be typical own set of books/cost center and Business Units
 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.

Requirements

Education
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 6 yrs. experience or Graduate
in Commerce with 8+ years of 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
 Advanced education and/or enhanced technical qualifications are a plus
 Ability to use Access or VBA would enhance the candidate’s attractiveness significantly

Experience Range
6 to 10 years with at least 6 years’ experience in Global Markets Product Control role.

Mandatory skills

 People management skills with ability to handle delivery in close time lines is must
 Mentor junior team members to help them grow and conduct strong oversight over all workflow & issues
 Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic,
Access databases and macros will be an added advantage.
 The right individual will have strong people skills and can multi-task to manage the challenges of Middle
Office processes yet have the awareness to escalate potential issues to their supervisor 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

Desired skills

 Effective communication skills with English proficiency

 Demonstrated ability to work in a high pressure environment
 Takes initiative and challenges existing processes and procedures in a proactive manner
 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: Candidate need to be flexible for shift timings

Job Location: Hyderabad/Gurgaon