Assistant Manager
Bank of America
Hyderabad, India
1d ago

Job Description : Overview

Overview

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 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*

    This is a part of the Global Market Operation and Middle Office division with BACI. Global Foreign Exchange Transaction Processing team facilitates confirmation & settlement of Foreign Currency dealings to a variety of clients (Interbank, Corporate).

    Job Description*

    This role is primarily responsible for performing FX, MM and Derivatives Confirmations, Settlement as per the SLAs outlined by the Line of Business.

    The role also demands risk management, handling escalations, addressing queries of reconciliations & investigations teams, Static updates.

    Responsibilities*

  • Providing Subject Matter Expertise (SME) Support to the team mates
  • Conducting Monthly one-o-one with associates
  • Semi Annual and Annual performance appraisal of associates
  • Ensure that the process transactions are processed as per procedures
  • Ensure that the targets are assigned in accordance with the SLAs are met
  • Ensure that the quality of the transactions is in compliance with predefined parameters
  • Identifying & Making process improvements
  • Provide the relevant process reports on a on a daily basis
  • Creating process dashboard and MIS reports
  • Ensure adherence to governing procedures of the process
  • Ensure adherence to established internal and external Risk procedures
  • Provide process training to team members to improve their performance levels
  • Requirements*

  • Education* - B.Com / MBA (Finance)
  • Certifications If Any NCFM added advantage
  • Experience Range 8 to 10 years of total experience in the investment banking or financial services
  • Mandatory skills* -

  • Understanding of Investment Banking, Derivatives,
  • Good understanding of trade life cycle.
  • Excellent verbal and written communication skills and effective interpersonal skills.
  • Ability to work under pressure with excellent attention to detail,
  • Ability to multitask, prioritize
  • liaison with Clients, Front Office and trading desk,
  • Experience / working knowledge of derivative products in capital markets is required and previously exposure in derivatives settlement role is mandatory.
  • Escalation of critical risks & non-compliance with policies, standards, and limits
  • Desired skills* -

  • Familiarity with markets products ideally in more than one asset class.
  • Sound understanding of FX, MM and Derivatives Products. FX, OTC trade processing background with risks and controls surrounding this function
  • Proven track to execute and Deliver
  • Ability to cope with delivery within very tight deadlines under high pressure.
  • Ability to work with across teams / locations to accomplish goals in a timely manner.
  • Work Timings*

  • ASIA / EMEA / US Should be flexible
  • Process Timings : 12 : 30 PM to 3 : 30AM
  • Job Location* Hyderabad

  • Mandatory Fields
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