Manager
Bank of America Corporation
Hyderabad
30d ago

Overview

  • Bank of America overview, BA Continuum India overview, Business Overview)
  • Bank of America is one of the world's largest 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.

    BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide.

    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.

    BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

    Process Overview*

    Middle Office group has a strong track record for delivering a robust control environment while delivering innovative solutions to support new products.

    Job Description*

    The successful applicant will join a new BACS Middle Office team responsible for Credit MO Novations and Allocations

    Middle Office group has a strong track record for delivering a robust control environment while delivering innovative solutions to support new products.

    The applicant will be expected to understand and challenge team procedures to continually improve our support model.

    Responsibilities*

  • Ownership of the Team’s daily & Monthly processes
  • Driving change related to both the current Merger and also through the BAU environment.
  • Identification and resolution of booking, system and process issues.
  • Establish relationships across departments to ensure structures are appropriately captured for accounting, valuation and settlement purposes approving new product initiatives
  • Work closely with Traders to resolve Risk and P&L issues.
  • Ownership of projects, resolving roadblocks, communicating updates to senior management.
  • Investigate and resolve pre and post cash settlement discrepancies and non-receipts.
  • Support Step-In and Remaining Party novations ensuring consents are processed and trades are completed in internal systems
  • Ensure New Trades and Amendments are matched in DTCC
  • Implement improvements to the system infrastructure & control environment

    Requirements*

  • Education* : - CA / MBA Finance
  • Certifications If Any : - N / A
  • Experience Range* : - 8- 10 Years
  • Mandatory skills* : -
  • Hands on PnL experience of minimum 2-3 years with an overall experience of 4 yrs.
  • Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk
  • Ability to work autonomously and deliver results in a high pressured environment.
  • Logical approach to problem solving and ability to prioritise multiple tasks
  • Proven analytical skills including data reconciliation and interpretation
  • Strong attention to detail and accuracy
  • Ability to identify and deliver process improvements
  • Can demonstrate good Excel skills (macros, formulas)
  • Numerate degree
  • Experience of Investment Banking Products from a Middle Office or Back Office background
  • Job Location*

  • Mandatory Fields : - Gurugram / Hyderabad
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