Assistant Manager

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Overview (Bank overview, GBS India overview, Function 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 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*

This role is primarily responsible for performing FX 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.

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• Providing Subject Matter Expertise (SME) Support to the team mates


• 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


• Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database.


• Responsible for clearing of items on the daily exception accounting reports.


• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.


• To be able to communicate effectively, and clearly escalate queries to local and onshore team

Responsibilities*

Responsibilities

• Providing Subject Matter Expertise (SME) Support to the team mates


• 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


• Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database.


• Responsible for clearing of items on the daily exception accounting reports.


• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.


• To be able to communicate effectively, and clearly escalate queries to local and onshore team

Requirements*

Education* Degree/MBA/PGDMA with Finance/Commerce Back Ground.

Certifications If Any : NA

Experience Range* 5-9 years

Foundational skills*

• Investment banking and Divisions


• Knowledge of OTC Trade Lifecycle


• FX Products - Spot, Swap, Fwd, NDF, FXO.

Desired skills

• Banking Operations


• Global Markets


• MS Office - Can demonstrate good Excel skills (macros, formulas)


• Presentation/analytical Skills.


• Good Communication Skills


• Knowledge of Workflow


• Logical approach to problem solving and ability to prioritize multiple tasks


• Strong attention to detail and accuracy


• Ability to identify and deliver process improvements

Shif Timings* 8:30 PM to 5:30 AM

Job Location* Hyd

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