Bank of America is inviting applications for the post of Assistant Manager for the year 2022. Here is everything that you need to know about this Bank of America Recruitment!
About Bank of America
The Bank of America Corporation, headquartered in Charlotte, North Carolina, is an American global investment bank and financial services holding company. The bank was created in San Francisco and bought by NationsBank of Charlotte in 1998, when it took on its current form. After JPMorgan Chase, it is the second largest bank in the United States and the eighth largest bank in the world. Bank of America is one of the United States’ Big Four banking institutions. It competes with JPMorgan Chase, Citigroup, and Wells Fargo for around 10.73 percent of all American bank deposits. Commercial banking, wealth management, and investment banking are the company’s major financial services.
Roles & 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, Balance Sheet  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.
Eligibility
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute or Graduate in Commerce with 7+ 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.
Salary
14.09 LPA CTC (Based on Glassdoor estimates)
How To Apply For This Job?
To apply for the opening for Assistant Manager at Bank of America Recruitment, click here.
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