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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 Development and handing over for our customers, teammates, communities and shareholders every day.
Being a Great Place to Work and delivering a culture of caring is core to how we drive Responsible Progress. We are intentional about fostering an inclusive workplace where every teammate has the chance to succeed, establish a career and contribute to our shared success. This includes attracting and shaping 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 offering an appropriate level of flexibility based on job-specific responsibilities and business needs.
At Bank of America, you can create a successful career with chances 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.
Process Overview*
The Global Treasury Business Finance & Control (BF&C) is part of the CFO organization. The primary focus of the team is delivering different financial and accounting services in support of the Corporate Treasury group pertaining to Hedge Accounting, forecasting/stress testing, daily P&L attribution, management reporting/analysis and funds transfer pricing.
Treasury Finance (Product Control) is a division of Global Treasury accountable for the production and independent validation of Global Treasuries' profit and loss and balance sheet. In this regard, BF&C will secure, inter alia, that accounting policies are correctly and consistently applied, and that portfolios are appropriately valued.
Job Description*
The Corporate Treasury Finance team is part of the CFO organization. The primary focus of the team is giving several financial and accounting services in support of the Corporate Treasury group pertaining to forecasting/stress testing, daily P&L attribution, management reporting/analysis and funds transfer pricing.
We are looking to recruit an individual to work in the P&L production area covering the Treasury/Fixed Income/FX trading desks. The jobseeker’s main responsibility will be to produce and hand over the daily P&L to front office, offering a high standard of analysis and explanation around any issues faced and daily revenue drivers. The jobseeker will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams so good communication and time management abilities are an essential requirement for this job.
Primary products covered will include Fixed Income, Money markets, FX, Rates
Responsibilities*
Production and reporting of daily P&L to Front Office & Senior Management
Needs*
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with relevant exposure to 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 people would be preferred
• Advanced education and/or enhanced technical qualifications are a plus
Experience Range*
4 to 8 years with at least 4+ years’ background in Global Markets Product Control job
Foundational abilities*
Proficiency in MS Office Suite; expert understanding of Excel, Word, PowerPoint. Know-how of Visual Basic, Access databases and macros will be an added advantage.
Desired abilities
Work Timings*
7 AM IST to 4 PM IST
Job Location*
Mumbai/ Hyderabad
Location for this Manager opening: Mumbai.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Manager at Bank of America.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Bank of America's application process for this role.