Assistant Vice President, Operations Professional, (Derivatives and FX Operations), Global Markets Operations

Job Description:

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!

Your background

• Experience in back-office processes relating to OTC Derivatives and FX options
• Post Graduate/ Graduate with certification
• Strong understanding of accounting principles
• Good knowledge of Excel
• Ability to work against stiff deadlines and manage work pressure
• Ability to liaise with various stakeholder to ensure issues relted to desk are resolved
• 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

Will be overseeing Derivatives and FX options desk. The team is responsible for trade validation, reporting trades to the Central counterparty, and ensure timely settlements with Clearing Corporation and clients. This team also is responsible for NFRR.  The candidate should ensure compliance with rules, laws and regulations. The candidate would be able supervise desk activities and need to ensure activities are done within stipulated timelines. He should be able to face off concurrent/Corporate/Regulatory auditors and able to resolve their queries.  He should be able to understand the products and respond to client queries, if any. The candidate should look for process improvement opportunities. 

What you will do
• Manage OTC Derivatives and FX options Ops desk
• Well versed with RBI guidelines and CCIL guidelines
• Ensure accurate trade validation. Ability to understand the products
• Ensure timely settlement within CCIL/RTGS cut off
• Ensure desk activities are completed within timeline
• Regulatory reporting
• Conversant with internal and external policy guidelines relating to products handled, promptly identify deviations and exceptions and resolve/escalate in a timely manner.
• Engage with Stakeholders including Business, Compliance, Finance, Technology for constructively resolving any queries
• Participate in various process improvement initiatives/ projects as required

Minimum Education Requirement: Null