Team Developer

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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*

Global Markets Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions includes Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data

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Documentation Team handles Equity and FICC Trades (Paper and Electronic) to BOFAML Counterparties. This is a part of the Global Middle Office and Market Operations division with GBS. Documentation team includes sub processes such as Issuing, Chasing, Checking and Indexing team. Issuing issue paper confirmation to client, Chasing team handles affirmation and Chasing counterpart for S&R BAML confirmation, Checking team reviews counterparty confirmation and Indexing indexes CP confirmation into system. All these process have individual KRI’s and KPI’s. Team handles Rates, FXO, NDF, Credit and Equity products.

Responsibilities*

As a member of Derivative Documentation team within Global Markets Operations, responsibilities will include the following:

• Drafting and Chasing confirmations (Paper and Electronic) to Counterparties for Over the Counter Derivative Trades (OTC Trade), ensuring adherence to process SLAs outlined by the Line of Business


• Matching trade bookings available in Source system with details reflecting in confirmation


• Ensure that the quality of the confirmation is in compliance with predefined parameters


• Ability to maintain good connect with LOB partners and able to handle Issues and Escalations independently


• To contribute towards consistent delivery on Business metrics along with other new responsibilities and setting higher standards of self and Team performance


• Analytical thinking & logical reasoning for rational decision making


• Ensuring timely delivery of critical reports to various stake holders


• Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management


• The candidate needs to have a strong understanding of the Trade Life cycle with adequate experience in Derivative Documentation


• Intense work ethic with history of proven strong delivery


• Excellent Communication skills both written & spoken


• Good understanding of Global Capital Markets especially for Equities & Fixed Income products


• Demonstrated ability to work in a fast pace, high volume environment


• Ensure adherence to established attendance

Requirements*

Education*

Post Graduate/ Master’s Degree in Accounting/Finance (preferable)

Certifications If Any

Experience Range*

4 to 5 years

Foundational skills*

• Experience in Global Markets and Derivative Process


• Must possess good PC skills with proficiency in Microsoft Outlook, Excel, Word, PowerPoint and web-based tools


• Should possess excellent analytical, problem-solving and research skills.


• Excellent Communication skills both written & spoken


• Good understanding of Global Capital Markets especially for Equities & Fixed Income products

Desired skills

• Demonstrated ability to work in a fast pace, high volume environment


• Ensure adherence to established attendance


• Ensure contingency plans / flexibility in staff levels to manage workload in adverse conditions (e.g. sickness, holidays etc)


• Promotes continuous learning and development

Work Timings*

AMRS Shift – 05:30pm – 02:30am / 06:30pm – 03:30am

Job Location*

Hyderabad

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