Analyst - GBS

Job Description:

Overview ( Bank of America overview, BA Continuum India overview, Business Overview)

Bank of America is one of the world's largest 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.

BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide.

BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

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 the individuals, businesses and institutional investors we serve worldwide.

We’re 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.

Global Markets

The Global Markets Group is a market leader in providing world-class service to a wide range of 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.

The Global Equities group includes Institutional Derivatives Sales, Derivative and Convertible Trading, 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 its clients. 

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

These services will include- reconciliation, reaffirmation, verification of counterparty (Hedge Fund) data with Merrill Lynch system data and any other related activities like maintaining dashboards, updating invoices, highlighting breaks, and preparing monthly summary/dashboards for internal reporting purposes.

The Equity Sales & Trading COO Analytics group supports the management of the Equities business and helps drive business strategy by analyzing desk data across business groups (cash/derivatives/financing) and creating reporting dashboards to keep the management updated on the business. 

Responsibilities

Provide a broad range of data and analytical support to Key stakeholders in the Global Equities business,

• Trade reconciliation, Trade reconfirmation across Merrill Lynch and client systems
• Track business performance based on fee agreements with various clients
• Consolidate, analyze and report business / client information
• Run analytics and distribute expense reports broken down by business and geographies to provide the management with a view on client expenditure
• Run reports on monitoring compliance for salespersons in terms of restrictions on trades, adherence to KYC parameters etc.
• Organize, collate and distribute large datasets. Examples can include collating the latest financial models created by the BofA Research team and then sending then out to Salespersons
• Log expense reports from global salespersons’ expenditure and ensure follow-ups for timely clearance of dues from our internal payment systems
• Capture data from receipts and invoices sent by LOB and input this data to bank’s applications / systems
• Compile news reports, research reports across sectors to create comprehensive product reports
• Create Presentations for the business pertaining to these activities
• Process management of various client related functions and reporting within specified timeline
• Prepare MIS and Reporting to stakeholders
• Respond and follow up with LOB partners for data requirements
• Adhoc projects on business support and Sales strategy 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 – 1-3 yrs experience preferred
• Experience in Mutual Funds, Insurance and Accounting or back office operations.
• Basic understanding of financial terminologies (Futures, Options, MBS, etc) is a plus
• Ability to interact with all levels of an organization; including management
• Ability to synthesize information from various documents/sources
• Ability to independently host calls and lead discussions with senior executives and stakeholders to arrive at business solutions
• Good research and analytical skills
• Proficiency 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
• Attention to details
• Willingness to learn
• Strong work ethic
• Team player

Desired Skills

• Speaking / presentation skills in a professional setting
• Applicants with exposure to Alteryx/Tableau/VBA will be preferred
• Strong Customer Service skills
• Propensity to work of public holidays including weekends and long hours
• Certifications If Any

Location:  Mumbai

Shift timing: 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