Team Leader

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

Transaction Reporting Control Group are responsible for ensuring the completeness, accuracy and timeliness of the Bank’s transaction reporting obligations across multiple global regulatory jurisdictions.  Completeness, accuracy and timeliness controls are the primary responsibility of 2 core functions within the Transaction Reporting Operations team.  The Submission Control function is responsible for monitoring and remediating the internal validation failures and the rejects (NACKs) from the regulators, the team has to liaise with MO/FO/Tech teams for the root causes of the exceptions. Submission control also monitors the trades which are not getting reported within the compliance time for OTC/ETD/Securities and raise breaches for all timeliness issues that missed the agreed thresholds.  The Enhanced Quality Assurance team perform post process testing to validate the completeness, accuracy, and timeliness of the transaction reports submissions through performing reconciliations and targeted deep dive thematic testing.

Job Description*

(Provide a high level overview of the role and scope of responsibilities)

The current role is for the Client reporting team and below is the description of the role.

• On boarding, Query Management and  Delegated Reporting for serviced and mandated clients
• Review good to trade and review if clients are properly set up in the system to enable them to use delegated offerings.
• Issuance of Client Delegated Reporting packs to clients, On-boarding and Off-boarding of clients and tracking of current delegated reporting status
• Review, investigate and revert on queries  from internal and external clients.
• Monitor and track open  queries through to resolution.
• Initiate back loading requests and update requests.
• Production and distribution of daily metrics on reporting, on boarding, client queries and issues.
• Seek to identify and provide solutions to process improve tasks and service provided. Ability to identify potential issues in the process and develop remediation on the same
• Project ownership – Owning both short & long term projects in relation to new regulations.
• Assisting with the delivery of multiple technology platforms.
• Looking for opportunities to provide ever improving service to our increasing client base.
• Manage client profile and relationships.

Mandatory skills*

• Front to back business acumen across multiple asset classes
• A good understanding of Regulatory Transaction Reporting
• Good understanding of derivatives
• Excellent communication skills to liaise with external and internal stakeholders
• Excellent organizational and analytical skills
• Ability to work with big data sets and good excel skills
• Ability to juggle multiple work efforts and to quickly change direction as needed
• Strong influencing skills
• Adapts to changes and has a proven track record of working as part of a global team
• Ability to work under pressure.

Requirements*

***Please do not fill anything in this cell***

Job Title*

Team Leader

Education*

Post Graduation

Experience Range*

5-7 Years of overall experience

Work Timings*

12.30 to 21.30

Job Location*

Hyderabad