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Assistant Manager

Mumbai, , India

Job Description:

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.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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.

Process Overview

The STR or Structured Trade Review Team is part of the Global Middle Office (GMO) Team. Structured Trade Review (STR) is a control process designed to reduce this risk for trades which are complex in form or booking, ensuring that trade economics are correctly captured and recorded in the systems according to the confirmation and term sheet

Job Description

Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies

Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking

Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments

Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades

Process Improvement

Identify issues and control gaps in existing infrastructure

Work with technology team to streamline our processes and enhance data integrity and control


Intense work ethic with history of proven strong delivery

Strong adaptability skills to to keep the focus on delivering for the business & client whilst minimizing time spent on low value additive activities

Personal effectiveness: communication, decisiveness, energy & drive, character & works diligently to achieve success

Strong technical skills to understand the products and business

Strong analytical skills

Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management


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

Experience Range - 6 + years - Experience in a middle office support functions or operations function for OTC derivative products

Foundational skills

Good Understanding of Investment Banking Products / Exotic Derivative products from a Middle Office or Back Office background.

Strong communication skills across all levels of seniority especially with the Trading desk

Proven analytical skills including data reconciliation and interpretation

Desired skills Demonstrate good Excel skills (macros, formulas) and VBA coding skills & Understanding of emerging technologies

Work Timings - 11:30 AM to 08:30 PM IST

Job Location - Mumbai

Learn more about this role

Full time


Manages People:

Street Address

Primary Location:
Mindspace, Link Road Malad, Mumbai, 400064