Manager (Mumbai)

Manager (Mumbai)

01 Aug
|
Bank Of America
|
Mumbai

01 Aug

Bank Of America

Mumbai

Manager Mumbai, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Manager_26025924) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Manager_26025924) Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Manager_26025924) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Mumbai/Manager_26025924) **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 Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing 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 transparent in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities 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 International Balance Sheet Management team is comprised of 20+ employees covering a range of expertise including interest rate risk management, treasury analytics and forecasting, management reporting, and providing support to all regional treasurers. **Job Description*** Balance Sheet Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and net interest income (NII). Another critical function is the measurement and analysis of Interest Rate Risk (IRR) using various methods.



This information provides the framework that allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company's three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios, (5) producing the balance sheet and NII forecast and, (6) Reporting Interest Rate Risk in the Banking Book "IRRBB" and Credit Spread Risk in the Banking Book "CSRBB" to fulfill the requirements of entities across EMEA, APAC and LATAM. **Responsibilities*** - Prepare key IRRBB and CSRBB reports spanning multiple entities and regions. - Provide analytical commentary and communicate IRRBB and CSRBB results. - Assist with execution of additional routines including report building, testing and implementation of new reporting requirements. - Partner with teams across the globe to deliver efficient, well controlled, and timely reporting to satisfy internal and external stakeholders and associated business requirements. - Be a strong communicator when presenting results, and escalating issues. - Work with technology teams to resolve data issues or in implementation of new system capabilities. - Continuous improvement of existing processes and workflows, identifying where emerging technology can help reduce process time and increase controls. **Requirements*** **Education*** CA/MBA Certifications If Any - NA **Experience Range*** 6 to 8 years **Foundational skills*** + Strong understanding of the balance sheet and income statement, preferably in a banking setting + Experience and exposure to banking products. + Knowledge of basic interest rate risk principles + Proven track record of clear and concise verbal and written communication, comfortable escalating issues to management + Intellectual curiosity, regularly asking questions to enable rapid learning of a complex topic. + Self-starter with ability to be proactive and well organized. + Flexibility in joining meetings during EMEA and APAC time zone hours. + Bachelor's Degree, and/or 6-9 years of experience in a relevant role in a financial institution. + Strong Excel skills + Strong attention to detail + Prior experience working in accounting or financial services + Analytical abilities/financial acumen/problem solving skills + Strong control mindset including ability to identify risks and build and maintain associated controls + Working knowledge of SQL and advanced Excel skills: We leverage data warehouses which require working knowledge of SQL and working with large amounts of data in excel. Ideal candidate is expected to use advanced excel functions and create executive level summary reports. + Ability to manage multiple priorities in a time-sensitive environment **Desired skills** + Prior experience with SAP eLedger (EPM, BEx)



+ Natural desire to understand intricate processes while seeing the big picture + Good business partnering skills + Experience improving and automating manual processes + Experience analyzing fixed income securities and interest rate derivatives + Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx, Python will be advantageous) + CFA (or pursuing CFA), or CPA a plus + Practical experience with generative AI tools (e.g., Microsoft 365 Copilot), including the ability to frame effective prompts and apply AI outputs for accurate, relevant, and reusable business deliverables + Strong analytical judgment and risk awareness, with experience using AI for data analysis and executive ready insights (e.g., variance, trends), while ensuring appropriate controls, validation, and human review of automated outputs **Work Timings*** 12:30 PM to 9:30 PM **Job Location*** 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. View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) "** poster. **View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .** Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. 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. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

📌 Manager (Mumbai)
🏢 Bank Of America
📍 Mumbai

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