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Assistant Manager

Hyderabad, , 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

This is a part of the Global Market Operation and Middle Office division with BACI. Global Foreign Exchange Transaction Processing team facilitates confirmation & settlement of Foreign Currency dealings to a variety of clients (Interbank, Corporate). 

Job Description

This role is primarily responsible for performing FX Confirmations, Settlement as per the SLAs outlined by the Line of Business. The role also demands risk management, handling escalations, addressing queries of reconciliations & investigations teams, Static updates.

Responsibilities

Providing Subject Matter Expertise (SME) Support to the team mates

Ensure that the process transactions are processed as per procedures

Ensure that the targets are assigned in accordance with the SLAs are met

Ensure that the quality of the transactions is in compliance with predefined parameters

Identifying & Making process improvements

Provide the relevant process reports on a on a daily basis

Creating process dashboard and MIS reports

Ensure adherence to governing procedures of the process

Ensure adherence to established internal and external Risk procedures

Provide process training to team members to improve their performance levels

Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database.

Responsible for clearing of items on the daily exception accounting reports.

Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.

To be able to communicate effectively, and clearly escalate queries to local and onshore team

Requirements

Education: B.Com / MBA (Finance)

Certifications If Any: NCFM added advantage

Experience Range: 8 to 10 years of total experience in the investment banking or financial services.

Foundational skills

Understanding of Investment Banking, Fx and Derivatives,

Good understanding of trade life cycle.

Excellent verbal and written communication skills and effective interpersonal skills.

Ability to work under pressure with excellent attention to detail,

Ability to multitask, prioritize

liaison with Clients, Front Office and trading desk,

Experience / working knowledge of derivative products in capital markets is required and previously exposure in derivatives settlement role is mandatory.

Escalation of critical risks & non-compliance with policies, standards, and limits

Desired skills

Familiarity with markets products ideally in more than one asset class.

Sound understanding of FX, MM and Derivatives Products. FX, OTC trade processing background with risks and controls surrounding this function

Proven track to execute and Deliver

Ability to cope with delivery within very tight deadlines under high pressure.

Ability to work with across teams/locations to accomplish goals in a timely manner.

Work Timings: 7:30 PM to 4:30 AM IST

Job Location: Hyderabad  

Learn more about this role

Full time

JR-24010879

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