Senior Operations Manager

Bank of America
Mumbai
Workplace: OnsiteFull timeFunction: Business OperationsExperience: 10-16 yearsEducation: professionalSkills: ["Leadership","Communication","Problem-solving","Teamwork","Stakeholder management"]

Senior Operations Manager responsible for overseeing daily P&L production and balance sheet reporting for Global Markets Finance in India. Leads a multi-location team, drives process improvements, ensures controls and risk management, and collaborates with front/middle office, traders, and finance to deliver accurate financials and insights.

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FursaFursa
Bank of America
Bank of America
3 months ago

Senior Operations Manager

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Source: Company careers pageValidated by: Fursa AI
Last checked: 27 days agoStatus: Live
Reposted: similar role first listed 7 months ago

Job Summary

Senior Operations Manager responsible for overseeing daily P&L production and balance sheet reporting for Global Markets Finance in India. Leads a multi-location team, drives process improvements, ensures controls and risk management, and collaborates with front/middle office, traders, and finance to deliver accurate financials and insights.
Location: Mumbai
Workplace: Onsite
Employment Type: Full time
Job Function: Business Operations
Seniority: Sr. Manager level

Key Responsibilities

  • •Supervise Production and Reporting of daily P&L and balance sheet to Front Office & Senior Management.
  • •Supervise Reconciliation of actual P&L with trader estimates and review flash/actual variance analysis.
  • •Work closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
  • •Review 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.
  • •Control books, cost center and Business Units for line of business
  • •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 & continuous improvement of existing processes & workflow.
  • •Monitor Testing/UAT for existing or new systems
  • •Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk
  • •Optimize Operational Excellence – act as innovator and change catalyst to drive process redesign and realize efficiency across the platform
  • •Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes
  • •Manage team projects, direct group effort and day-to-day team activities.
  • •Manage and drive risk disciplines and internal controls to deliver the best outcomes for our clients and shareholders
  • •Be pro-active and engage control partners/ technology to identify and mitigate operational risks
  • •Attract, retain, and grow talent.
  • •Build a culture and process to identify, mitigate, and control operational risk.

Key Requirements

  • •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
  • •10 to 16 years with at least 8+ years’ experience in Global Markets
  • •Strong people management skills, including the ability to resolve people issues and motivate the team to deliver
  • •Proven experience of leading technology-based change and delivering flawless delivery in a globally matrixed environment
  • •Desirable: Alteryx / Python / Tableau knowledge and English proficiency
Experience:10-16 yearsGlobal marketsBanking and financial services
Education:Professional (JD, MD, etc.)
Skills:LeadershipCommunicationProblem-solvingTeamworkStakeholder management
Certifications:CFAFRM
Languages:English
Tech Stack:AlteryxPythonTableau

Company Brief

Bank of America
One of the largest banking institutions in the United States, providing consumer and commercial banking, wealth management, investment banking, and financial services to individuals, businesses, and institutions globally.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Charlotte, United States
Founded: 1904
WebsiteLinkedIn