Assistant Manager

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About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Structured Products Calc Agent Team provides associates a unique opportunity to learn and understand how OTC products are built by trading in the market right from trade booking to settlement stage. It provides the candidates a flavor of how changes in the market attribute to the trading volume and the way Terms and conditions are laid out for the investors regarding cashflow payments.

Calc Agent Team is responsible for Calculations on life cycle events on the Structured Products. By reading the Termsheets/ Pricing Supplements on the life cycle event date we determine what kind of event/s it could be and match our calcs with Booking Systems.

Associates are required to partner/collaborate with internal and external stakeholders such as, Sales/Trading/Review Teams, Legal, Middle Office, Issuing Paying Agents etc. to ensure that all the regulatory and internal controls requirements are fulfilled in timely manner and Ratefixes are sent as per defined SLA.

The associates are expected to maintain good turnaround time and accuracy across life cycle event monitoring, amendments, resolution, and factor updates. Associates are expected to understand the product types and system capabilities to ensure smooth BAU.

Responsibilities

Work on tasks related to life cycle event of Structured Product, Fixed Income, Equity and Derivatives.

Operational support to Trading Desks/Products including: Notes, Warrants and Certificates across various programs.

The role involves liaison with Treasury, internal and external counsel, Issuers, Agents, Clearing Systems and entails the coordination of several support units ensuring that the business receives a quality one-stop service.

Perform self-review of data input in the back office systems.

Ability to perform in a periodically changing process

Comfortable to work in multiple systems at the same time

Eye for detail and must be procedure focused to adhere to the Policy guidelines.

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

To be flexible in their attitude and approach and have a strong desire to learn from day to day scenarios.

Requirements

Education

Post Graduation or an equivalent qualification (CFA, FRM or Any Finance related certifications)

Certifications If Any

Experience Range

Experience in a middle office support functions or operations function for OTC derivative products with a total experience of 6+ years

Foundational skills

Education

Certification If any - CFA, FRM or Any Finance related certifications

Experience Range - Experience in a middle office support functions or operations function for derivative products with a total experience of 8+ years

Desired skills

Hands on understanding of Global Markets/Investment Banking business and basic knowledge of Structured Products, Trade Life cycle events

Strong analytical skills, mathematical ability, verbal, and written communication skills

Attention for detail and must be quick learner to adapt to new systems/procedural change

Hands on understanding of Process Controls, Risk in Global Markets, Regulations

Strong understanding of all asset classes, product line, Fixed Income and Equity products

Hands on understanding of MS Office applications

Learning agility, self-driven and ability to work under pressure and in complex environment

Work Timings 13:30 IST to 20:30 IST

Job Location: Mumbai