Team Leader

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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:

Global Markets delivers a wide range of securities products and services, powerful sales and trading capabilities and deep risk management expertise across asset classes. Closely aligned with GCIB's client-managed groups, Global Markets product specialists anticipate and meet the needs of more than 13,000 clients across 13 time zones and six continents.

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As part of the Bank of America Merrill Lynch GMSO (Global Markets Shared Operations) Quartz Control, the incumbent will be an integral part of a multi-disciplinary team whose mandate will be to deliver industry leading Front-to-Back process and technology solutions. Acting as a change agent, he/she will manage a variety of value-driven initiatives on Quartz Control project. Use his/her knowledge of processes and best practices within Reconciliation, Finance/Middle-Office Operations and project management to assist in identification, assessment and resolution of complex issues/problems. Assist in executing the enterprise-wide direction for GMSO Quartz Control and Operations functions. As a member in the group, he/she will support front-to-back integration and Quartz Control initiatives and be accountable for driving change and executing successful implementations.

This incumbent will be required to work out of BA Continuum India Ltd (A Non Banking Subsidiary of Bank of America) which has more than 15,000 employees working across offices in Gurgaon, Mumbai, Hyderabad and Chennai

Responsibilities:

As a member of Quartz Control team within Global Markets Initiatives, responsibilities will include the following:

• Part of a team involved in the set up and scale up of various control reports aiding reconciliation between legacy systems and target strategic system

• To perform day to day reconciliation and analyze breaks arisen from reconciliation reports to ensure proper controls are in place to reduce the risk

• Partner closely with different Technology teams and other internal and external stakeholders to resolve the unexplained breaks and providing overview of Quartz Control system and its functionality

• Candidate need to work through full project life-cycle from envisioning, defining business requirements, analysis, testing and implementation

• Will be expected to translate business priorities and requirements into actionable, structured, project plans.

• Communicate with stakeholders on daily basis, keep them abreast of status of the project and take appropriate actions based on their inputs

• Provide initiatives and requirements for improving the reconciliations efficiency and reliability.

• MIS reporting for senior management and relevant stakeholders

• Help in process automation using available technology at hand- SQL/VBA/Python

Requirements

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

• Certification if any:

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  Experience :
  
  
  
  • 5+ years performing business analysis/definition and support large projects and business change.
  
  
  
  

Foundational skills:

• Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.


• Stake holder management (internal & external) across regions / functions / lines of business.


• Good understanding of financial products, basic IT infrastructure and Middle Office / Back Office processes & procedures


• Excellent verbal and written communication/presentation skills.

Desired Skills:

• Strong project management skills, including the ability to prioritize work and meet deadlines and work in a highly matrixed organization.


• Knowledge of programming skills like / Python/ SQL will be an added advantage.


• Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.

Work Timings – 11:30-20:30

Job Location – Hyderabad

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