Assistant Vice President
Bank of America
Gurgaon, Haryana
Assistant Vice President - Sr Operations Manager
Gurugram, India
Job number: 19041539
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Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

  • BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview:
The Futures & Options and OTC Clearing team supports a global client base trading on 40+ global exchanges. It is a fast growing business focusing on growth through new client relationships and expanding marketing channels.

The Operations team partners with our Business and Technology counterparts to provide a seamless front to back flow for our clients so they have uninterrupted access to the markets and to their positions and activity so they can best manage risk.

Chicago is the regional operations hub providing support for markets in AMRS region. We work closely with our regional and global counterparts to present a single global face to clients in the form of consolidated statements, reports, and technology.

The Global Asset Services - Operational Risk & Control (OR&C) team is seeking a candidate for the regulatory and enterprise risk group. The OR&C team is responsible for the implementation of operational risk management policies, procedures, and standards for Tax Operations globally. The team is directly accountable for Risk and Control issues of the Client Asset Line of Business and also works with Corporate Operational Risk to implement GT&O Enterprise Risk standards.

Key goals of the team are:
Promote a strong Risk Culture,
Understand our Risk Profile and Risk Appetite,
Establish sound risk management processes to effectively identify, measure, monitor, and control risk, and
Ensure we have proper Risk Governance in place to communicate, escalate, and debate risks

Compiling the presenting metrics demonstrating the effectiveness of the processes and controls
Responding to a broad range of both routine and ad hoc requests concerning risks and controls
Responsible for managing projects from the envisioning, definition of business requirements and processes through to systems development, testing and implementation.
Manage timelines and perform an independent assessment of project deliverables
Plan and manage meetings and working groups
Perform routine status reporting
Involvement in other enterprise initiatives (ERH/PRC alignment, PCS, etc)

Education: college degree required, preferably with a concentration in a Finance-related field
13+ years performing back office/middle office operation, risk management, business analysis/definition and Project Management to support large projects or business change or both

Mandatory Skills:
Understanding of the Front to Back Workflow of fixed income/equity/ETD/OTC products is preferred o Familiarity with trade lifecycle
Experience in Operations or Control initiatives
Must have ability to apply strategic thinking to multiple, complex organizational and business issues, ability to translate into practical plans for project execution "

Desired Skills:
Ability to work independently, set and manage plans, achieve results
Ability to drive to closure and keeping diverse groups accountable for deadlines
Strong collaboration, influence, and relationship management skills
Shift Timings: Rotational Shifts between 9:30 AM - 12:30 AM (Open to APAC, AMRS, EMEA Shifts)

Location: Gurugram

Posting Date: 01/08/2019

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