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.
Global Markets Operations provides operations support to the Global Markets Business of Bank of America Merrill Lynch. 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, and Client & Product Data.
The candidate should possess knowledge in Asset Services or skill gained through work experience in Global Securities Operations. It is an Individual Contributor role with responsibility to deliver critical to quality metrics for the lines of businesses that he/she supports. May recommend solutions to moderately complex problems lead or train other associates or supervise (functionally) highly routine work. The candidate should also possess leadership, communication and problem solving skills. The candidate may perform a specialist role in Asset Services function performing routine transactions or functional activities. The candidate may also perform specialist roles like quality control, process level reporting of metrics, special projects for the line of business, etc. Incumbents would be Graduates / Post Graduates with 48 - 60 months of work experience with 18 - 24 months of experience of Asset Services team.
The Asset Services Processing team will be responsible for the following:
- Processing Income and corporate action events for House/Prime brokerage clients
- Reconciliation of Cash breaks, control accounts, tax accounts and fee accounts
- Investigation and Resolution of client queries on a timely basis
Graduate in Commerce, Accounting, Management or Equivalent degree in Finance or Post Graduates in Commerce, Accounting Management or Finance / ICWA Inter / CA Inter / MBA Finance
Certifications: NCFM or similar certifications
NCFM or similar certifications will be added advantage
5-6 Years’ experience in Asset Service (Income or Corp Act) or 5-6 Years of experience in International Bank – Dividend Process for Prime Brokerage Clients
Knowledge of Dividend/Coupon Interest, Corporate action,
- Excellent MS Excel skills, knowledge of 6 Sigma tools
Good Communication skills, written and verbal and Advanced MS Office & Excel, 6 Sigma certified
18:30 IST to 03:30 IST and 19:30 IST to 04:40 IST
Gurugram & Hyd
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