Team Developer

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*

US MLPFS Settlements is segregated into 2 different markets; Domestic & International. US MLPFS settlement team supports Domestic Settlements in US region & International Settlements in Canada/Latin America region across different products like Equities, Fixed Income, ADR, and ETF.

Job Description*

The India team will support the MLPFS Settlements to facilitate various securities settlement support services for both domestic and international trades settling within Merrill Lynch Pierce, Fenner & Smith (MLPFS) but specific to the following activities

FED Settlements, DTC settlements, Buy-ins and international settlements (covering Canada and US markets), TBA & Factor Coupon.

Responsibilities*

• Liaising with Brokers/Client for confirmation of trades
• Responding to Adhoc queries from internal and external clients
• Performing Pair off & Reprice activity
• Timely settlement of trades
• Interact with multiple stakeholders on day-to-day activities
• Investigation of any late settlement of trades and working with claims team
• Accurately processing the payment wires to clients
• Investigation of Breaks
• Perform all P/O confirmations to the clients before TBA cycle date,
• SSI set up for the missing accounts
• Preparation of reports
• Passing JE’s to resolve internal breaks

Requirements*

• Education* :Bachelor’s Degree with finance background
• Certifications If Any : NA
• Experience Range 3-5 years

Foundational  skills*

• Good understanding of accounting basics (Journal/Ledger Entries, Balancing of accounts etc)
• Good knowledge on BUY-ins and risks involved
• Confident in interacting with senior internal contacts
• Work in an organized manner and ensure all requests /or actions are followed through to completion
• Ability to prioritize and utilize resources effectively to meet client requirements

Desired skills*

• English Fluency (spoken and written required)
• Excellent communication skills
• Good IT skills particularly Microsoft Excel
• Good analytical skills
• Strong team player with flexible approach and committed to success
• Good attention to detail
• Fast learner

Work Timings*

17:30-PM 02:30 AM  /18.30 PM -03.30 AM

Job Location*

Chennai