2,163 Senior Vice President jobs in India

Vice President
Gurugram, India;Madhapur, Hyderabad
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**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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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***
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 team prepares and reports P&L and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We 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 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 Global FX & Local Currency Trading (LCT) desks in EMEA/AMRS Region. 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 foreign exchange, FX Options, FX Forwards, Fixed Income, Money markets, Rates.
**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.
**Requirements***
**Education***
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
Certifications If Any
- CFA / FRM certified candidates would be preferred
- Advanced education and/or enhanced technical qualifications are a plus
**Experience Range***
10 to 16 years with at least 8+ years' experience in Global Markets
**Foundational skills***
+ 8+ years of Banking and Financial Services experience and held a finance leadership position in an international environment with extensive knowledge of working in a Global Markets.
+ Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
+ The individual should have a proven track record of working and experience of managing teams of 10+ individuals having a pedigree of tier 1/ tier 2 institutions and possess a comprehensive expertise in strategic planning for flawless delivery.
+ Strong people management skills, including the ability to resolve people issues and motivate the team to deliver.
+ Line experience coupled with a demonstrated ability to lead technology-based change.
+ Proven experience of providing thought leadership to overcome challenges and lead without direct authority, excellent skills with an ability to manage the group of fast paced team supporting multiple business verticals.
+ Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
+ Has the gravity to interact at all levels of management to support resolution of complex business issues.
+ Demonstrated ability to work in a globally matrixes and significantly multi-geography, multi-cultural offshore service delivery environment.
+ A convincing executive presence which conveys composure and confidence in all situations, the credibility and stature to carry stakeholders through influence rather than via the hierarchy.
+ Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders.
**Desired skills**
+ Alteryx / Python / Tableau knowledge would be an added advantage.
+ Must be proactive and be a highly motivated self-starter.
+ 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***
11:00 AM IST to 21:00 PM IST
**Job Location***
Gurugram/Hyderabad/Mumbai
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
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