Assistant Manager

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.

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Process Overview*

The Global Trade Settlements team seeks to provide first-class support service to its various internal/external clients. The Settlement teams are split in varied locations across Chester, Singapore, Charlotte and India and responsible for managing the trade cash flow settlement on T+1/T+2 and also oversee end to end reconciliation of settlement breaks. Also role demands, active participation in new business initiatives and partner with all the internal/external stakeholders for smooth functioning of the process.

Job Description*

The incumbent in this role will act as Settlement Specialist in India for Global Fixed Income & Equity Settlements

This role is primarily responsible for managing cash flows settlement for Fixed Income & Equity OTC Derivative trades as per the SLAs outlined by the Line of Business. The role also demands support to various process related project initiatives, stakeholder management, risk management, handling escalations, addressing queries of settlement & investigations teams.

Responsibilities

• Primary responsibility would be to do the client outreach for settlement confirmation and settling trades before the cut off time
• Working closely with all the internal/external stakeholders
• Anticipates risks and obstacles and devises plans to manage them

Requirements:

• Education* Post Graduate -  Ideally Chartered Accountant or MBA Finance
• Certifications If any : NA
• Experience Range :  7-9 Years

Foundational  skills:

• Takes personal ownership for delivering superior services to clients
• Makes tough decisions when they are needed and acts quickly in getting things done
• Demonstrates the courage to express or defend unpopular decisions
• Maintains a constructive, positive outlook even when plans are thwarted
• Communicates clearly and concisely, verbally and in writing, at all levels within the organization

Desired skills:

• Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk
• Ability to work autonomously and deliver results in a high pressured environment
• Logical approach to problem solving and ability to priorities multiple tasks
• Proven analytical skills including data reconciliation and interpretation
• Strong attention to detail and accuracy with an ability to notice minor discrepancies / issues
• Ability to identify and deliver process improvements
• Relationship management skills
• Stakeholder management
• Structured and logical thinker
• Strong assertiveness, listening, influencing and diplomacy skills.

Work Timings: 24*7

Job Location: Chennai