Vice President

About Us At Bank of America, the common purpose is to help make financial lives better through the power of every connection. Responsible Growth is the core principle that guides the company in delivering value for clients, teammates, communities, and shareholders on a daily basis. Being a great place to work globally is essential for driving Responsible Growth. Bank of America is committed to fostering a diverse and inclusive workplace for all individuals, valuing a broad range of backgrounds and experiences. Competitive benefits are offered to support the physical, emotional, and financial well-being of teammates and their families. Bank of America emphasizes collaboration and flexibility, recognizing the importance of working together while providing employees with various options for work arrangements based on their roles. Joining Bank of America presents an opportunity for a fulfilling career with the chance to learn, grow, and make a meaningful impact, empowering individuals to make a difference. Global Business Services Global Business Services (GBS) of Bank of America delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions through a globally integrated delivery model, ensuring flawless execution, sound risk management, operational resiliency, operational excellence, and innovation. In India, Bank of America operates as BA Continuum India Private Limited (BACI), a non-banking subsidiary responsible for India operations of Global Business Services across five locations. Job Description As part of Global Banking and Markets [GBAM] Finance, the focus is on providing top-notch support services with a specific emphasis on the correlation between trading risk positions and P&L components. An opportunity is available for an individual to join the P&L production team dedicated to covering Equities trading desks. The primary responsibility involves producing and delivering daily P&L reports to the front office, ensuring high-quality analysis and explanation of any encountered issues and daily revenue drivers. Effective communication and time management skills are crucial for interacting with Front Office, Middle Office, Finance, and Trade Capture teams. Responsibilities The role involves working in a dynamic environment that continuously expands into new markets and products. Business Finance and Control are integral in maintaining a robust control environment to facilitate business activities that support responsible growth. Responsibilities include: - Ownership of daily & monthly processes - Production and reporting of daily P&L to Front Office & Senior Management - Reconciliation of actual P&L with trader estimates and variance analysis - Collaborating with trading desks on position, P&L, or other ad-hoc issues - Front-to-Back analysis & reconciliations of front office P&L and balance sheet - Month-end controls execution and variance management - Liaising with various business partners for issue resolution - Process development & enhancement - Systems testing & implementation support - Accounting policy implementation - Regulatory and PL issue management - Governance process contribution - Operational loss event analysis Operational Effectiveness The role involves leading team projects, ensuring process enhancements and automation, minimizing manual processes, understanding and escalating front to back breaks, and accurately analyzing and recording operational loss events. Business Partnering Responsibilities include involvement in New Product Review, financial reporting for business reviews, and discussion of key business strategies and plans with stakeholders. Requirements Education: Postgraduate degree or Accounting qualification Experience Range: 12-17 years in Industry, Finance, Product Control, Valuation Control, or Market Risk Foundational Skills: Leadership, communication, organization, analytical, problem-solving, risk management, business sense, innovation, attention to detail, Excel proficiency, global market understanding Desired Skills: Ability to work under pressure, proactive approach, teamwork, independent issue analysis, solution derivation Work Timings: 8:00 AM to 5:00 PM IST Job Location: Hyderabad/Gurugram/Mumbai,