Analyst- GBS -R

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.

Global Markets

Bank of America Global Equities Group is a market leader in providing world-class service to a wide range of clients.  The Global Markets team provides sales and trading services, liquidity, hedging strategies and industry-leading insights, analytics and competitive pricing to institutional clients. This team operates at the center of the world’s debt and equity markets. They provide sales and trading services, liquidity, hedging strategies and industry-leading insights, analytics and competitive pricing to more than 9,000 institutional clients across six continents.

Bank of America- Equities Management Group (EMG) is a market leader in providing world-class service to a wide range of clients. 

Global Equities includes Institutional Derivatives Sales, Derivative and Convertible Trading, New Product Development, Equity Capital Markets, Institutional Equity Sales, Equity Trading, Electronic Trading Services, Prime Brokerage and OTC Trading. Global Equities provides marketing, structuring and trading of listed and customized equity products for it clients. 

As a Global Markets team member, your role offers market-making, financing, securities-clearing, settlement and custody services globally to our institutional investor clients in support of their investing and trading activities. The team also works with commercial and corporate clients to provide risk management products using interest rate, equity, credit, currency and commodity derivatives; foreign exchange; fixed-income; and mortgage-related products.

Job Description (Overview of Role)

The candidate will be required to work with huge amounts of data sent by the Equities desk.  The data will need to consolidated into templates and sent back to LOB

Candidate will initially work with US sales and client servicing teams. These services will include- reconciliation, reaffirmation, verification of expenses, follow up with business, submission and closure of expenses on the application.

The role also entails working with various Equities desks like Electronic Sales, Execution Services to understand and to provide support in projects for COO, Sales Trading updates, Analyst cost optimization, Prime Brokerage support etc.

Responsibilities

Provide a broad range of data and analytical support to Analysts, Associates and VPs (LOB partners) in the US Equities business,

• Capture data from receipts and invoices sent by LOB and input this data to bank’s applications / systems
• Liaise with LOB partners and accurately produce and submit expense reports, management of company-issued credit card billings and process bill-backs as needed
• Standardize data input process across all LOB partners
• Append client info like client IDs, contacts etc. to determine client profitability numbers
• Prepare MIS and Reporting to stakeholders
• Process management of various client related functions and reporting within specified timeline
• Ensure procedures are accurate, relevant and adhered too
• Pro-actively contribute to improve process efficiency through root cause analysis
• Respond and follow up with LOB partners for data requirements
• Designing and Implementing models/methods/products
• Understand business requirements and translate those into deliverables
• Effectively communicate business, technical and product information at all levels
• Understand Bank of America policies on Compliance, Expenses etc. and reporting deviances if any

Requirements

• Graduates in commerce, banking/ B.Com/ BBA/ MMS / MBA / MMS from top tier universities – 1-2 yrs experience preferred
• Ability to interact with all levels of an organization; including management
• Good research and analytical skills
• Experience with Microsoft Office (Word, Excel, PowerPoint, VBA, Python and AI)
• Strong Written and Oral Communication
• Ability to maintain high standards despite pressing deadlines
• Ability to solve problems quickly and efficiently
• Strong knowledge of general business and corporate cultures
• Strong analytical skills in terms of identifying trends in data
• Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
• Must have excellent judgment; independent thinker and resourceful
• Prior experience in Financial Services support preferred
• Basic understanding of financial terminologies (Futures, Options, MBS, etc) is a plus

Desired Skills

• Speaking / presentation skills in a professional setting
• Strong Customer Service skills
• Attention to details
• Strong work ethic
• Team player

Location:  Mumbai

Shift timing: 9:30 AM to 6:30 PM & 12:30 PM to 9:30 PM – Shift timings are subjective to change depending upon the business requirements. Associates should be flexible enough to work in the revised shifts. Propensity to work of public holidays including weekends and long hours