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!
Job Description
The role is of a Group Head, managing a team linked to processing of FX (Corporate and Interbank), Derivative and Collateral within GMO. Apart from overseeing daily processing, faclitate support to various projects linked to Derivatives/CollateralsFX products mandated by regulations. Knowledge of other Market products would be an added advantage.
Responsibilities
* Ensuring smooth trade processing of FX, Derivatives and Collaterals without any lapses.
* Escalate exceptions in a timely manner.
* Manitain relationship with Clients/Counterparts and ensure prompt resolution to queries
* Ensure compliance to relevant regulations.
*Coach, mentor, provide feedback and hands-on career development of team members
*Develop rapport with Front office, external/internal audits, Technology and other stakeholders
* Participate in various process improvement initiatives/ projects as required
*Ability to drive process improvement
*Responsible for updating internal procedures
Required Skills
∙ Previous experience of supervising teams handling FX, Derivatives and Collateral Operations
∙ Client focused. Client facing experience or ability to conduct discussions with Clients in a clear and concise manner
∙ Excellent communications skills
∙ Ability to work under pressure and manage the team
∙ Ability to liaise with all levels of the firm and people with different experiences and backgrounds
∙ Self-motivated and able to work unsupervised. Candidate will be able to manage own time and know when to escalate
∙ Knowledge of Regulations and Ability to Identify and Mitigate Operational Risk
∙ Strong understanding of the accounting principles
∙ Good knowledge of Microsoft Excel
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