Team Leader - 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.

Process Overview

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 8,000 clients globally.

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

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.

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. 

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.

Responsibilities

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

• Consolidate, analyze and report business / client information for Global and Regional COO teams
• Run analytics and distribute expense reports broken down by business and geographies to provide the management with a view of 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 them 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 into bank’s applications / systems
• Trade reconciliation, Trade reconfirmation across Merrill Lynch and client systems
• Track business performance based on fee agreements with various clients
• 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
• Ad-hoc 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

• Education : Graduates in commerce, banking/ B.Com/ BBA/ MMS / MBA / MMS
• Experience Range – 2 – 3 years

Foundational Skills :

• Prior experience in Financial Services support, e.g. experience in Mutual Funds, Insurance and Accounting or back-office operations
• Basic understanding of financial terminologies (Equities, Futures, Options, FI, FX, MBS, etc.)
• 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
• 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/AI will be preferred
• Strong customer service skills
• 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. Propensity to work on public holidays including weekends and long hours