Team Leader

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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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This role is primarily responsible for managing OTC Derivatives Settlement team as per the SLAs outlined by the Line of Business. The role also demands support to various process related project initiatives, stakeholder management, risk management, handling escalations, addressing queries of settlement & investigations teams.

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 prioritise 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*

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

Certifications If Any

Experience Range*

5 to 7 years of total experience in the investment banking or financial services.

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 , Derivatives & Fixed Income products.


• Good understanding of SWIFT payments

Desired Skills : NA

Work Timings*

• EMEA/US – Should be flexible


• Process Timings:12:30PM to 4:30 AM

Job Location*

Hyderabad

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