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Team Developer

Hyderabad, India

Job Description:

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

Product Data Services or Security Master Team is responsible for setting up Fixed Income securities like Corporate Bonds, Municipal Bonds, Mortgage Back Securities, and Treasuries etc on the back-office systems to facilitate the trades to flow into various upstream and downstream systems across the Enterprise. Team also maintains the Fixed Income securities with updating the latest rates, factor, prices and ratings information to facilitate correct interest and principal calculations in the downstream accounting systems.

Product Data Services process on legacy Merrill Lynch side does similar functions for Equity and equity related products like common stock, preferred, warrants, rights, equity options etc.

Job Description

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

Responsibilities

  • Setup and maintenance of Securities – Debt and Equity
  • Use vendor databases – Bloomberg and IDSI to pull up security details for security set-up or updation
  • Setting up the Security per vendor database and respond to requestor within specified Turn Around Time
  • Perform daily, weekly and monthly tasks on rates and factor updates for variable rate and factored bonds. Research on vendor databases for this information
  • Perform self-review of data inputted in the back office systems. Ensure secondary review for such data is performed by the assigned reviewer in the process
  • Strong analytical, verbal and written communication skills
  • Must be quick learner to adapt to new systems and procedural change
  • 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; have a strong desire to learn from day to day scenarios.

Requirements

  • Education – Graduate and Preferably MBA

  • Certifications If Any – NCFM

  • Experience Range – >5 yrs

Mandatory skills

Hands on understanding of Global Markets business and Product Data Services Strong analytical, verbal and written communication skills Attention for detail and must be quick learner to adapt to new systems/procedural change

Desired skills

Hands on understanding of Process Controls Strong understanding of all asset classes Hands on understanding of MS Office applications

Work Timings

20:30 to 05:30 IST

Shift could vary on business requirements and resourcing needs.

Job Location

Hyderabad

Learn more about this role

Full time

JR-20009266

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
Hitec City, Madhapur, Hyderabad, 500081