Team Developer

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*

Payables: The Brokerage team processes invoices received from Brokers for trading on behalf of Merrill Lynch/Bank of America. The process involves reconciliation of trades in Merrill Lynch/BOA trade records and investigating the discrepancies. Verify commission rates against rates schedules, and liaise with the sales/trade desks and Brokers if there are any discrepancies. The process covers brokerage payable for products like Foreign Exchange, Credit Derivatives, Rates Derivatives, Fixed Income, Commodities and Futures.

Receivables: Consists of receivables in which we charge a commission and generate invoices to institutional clients. Other key activities include forecasting, tracking, follow ups and reporting.

Job Description*

• Ensuring timely payment of the assigned brokers/invoices
• Review calls with key brokers to close of any open issues

Responsibilities*

• Resolving queries on brokerage mismatches with trade desk, traders, business managers and brokers
• Ability to drive processing of high volume requests and meets daily deadlines. Must have a team player perspective & be able to communicate confidently

Requirements*

• Education*
• Graduate in Commerce

• Certifications If Any
• Experience Range* 3-5 years

• Foundational skills*
• Understanding of financial markets
• Good communication skills- written and verbal
• Working knowledge of MS Excel

• Desired skills*
• Exchange Traded Derivatives or OTC brokerage reconciliation experience (Payables/Receivables)

Work Timings*

6:30 am to 00:30 am (Rotational)

Job Location*

Gurugram

* Mandatory Fields