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Operations Representative -Corporate FX

Mumbai, , India

Job Description:

Your background

. Sincere, bright, committed and keen to take on additional responsibility
. Experience in back office processes relating to FX products
• Experience in back-office processes relating to Bonds, Treasury products would be an advantage
. Post Graduate/ Graduate with certification
• Strong understanding of accounting principles
• Good knowledge of Excel
• Ability to work against stiff deadlines and manage work pressure

.- Post Graduate/ Graduate with certification course

Other Qualifications

Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

This role will be part of the Corporate FX Operations desk. The team is responsible for trade validation, Fx documentation, Confirmation, transaction reporting to Clearing Corporation and settlements. This team also is responsible for NFRR. The candidate should ensure compliance with rules, laws and regulations. The candidate should ensure accurate and accurate processing and verification of FX documents. The candidate should look for process improvement opportunities. 

What you will do

•  Processing of Corporate FX Trades 
 • Ensure the accuracy of the trades booked by the traders – verification & reconciliation and follow up with trader for changes in case of discrepancy
.  Reporting to CCIL in a timely manner
• Timely Confirmation/Settlements as per the regulatory cut-offs
. Obtaining FX underlying supporting documentation from the clients as per RBI regulations. Monitoring of Booking limits as per RBI
• Maintain strong internal control and productivity standards
• Be conversant with internal and external policy guidelines relating to products handled, promptly identify deviations and exceptions and resolve/escalate in a timely manner.
• Participate in various process/productivity improvement initiatives and new products / system implementations
• Evaluate and mitigate operational risk

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Job Band:

H7

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

. Sincere, bright, committed and keen to take on additional responsibility
. Experience in back office processes relating to FX products
• Experience in back-office processes relating to Bonds, Treasury products would be an advantage
. Post Graduate/ Graduate with certification
• Strong understanding of accounting principles
• Good knowledge of Excel
• Ability to work against stiff deadlines and manage work pressure

.- Post Graduate/ Graduate with certification course

Other Qualifications

Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

This role will be part of the Corporate FX Operations desk. The team is responsible for trade validation, Fx documentation, Confirmation, transaction reporting to Clearing Corporation and settlements. This team also is responsible for NFRR. The candidate should ensure compliance with rules, laws and regulations. The candidate should ensure accurate and accurate processing and verification of FX documents. The candidate should look for process improvement opportunities. 

What you will do

•  Processing of Corporate FX Trades 
 • Ensure the accuracy of the trades booked by the traders – verification & reconciliation and follow up with trader for changes in case of discrepancy
.  Reporting to CCIL in a timely manner
• Timely Confirmation/Settlements as per the regulatory cut-offs
. Obtaining FX underlying supporting documentation from the clients as per RBI regulations. Monitoring of Booking limits as per RBI
• Maintain strong internal control and productivity standards
• Be conversant with internal and external policy guidelines relating to products handled, promptly identify deviations and exceptions and resolve/escalate in a timely manner.
• Participate in various process/productivity improvement initiatives and new products / system implementations
• Evaluate and mitigate operational risk

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Learn more about this role

Full time

JR-21033506

Band: H7

Manages People:

Manager:

Talent Acquisition Contact:

Jinal Panchal

Referral Bonus:

0