BANK OF AMERICA IS HIRING CA / MBA

Job Description

Overview

Bank of America is one of the world’s leading 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. We are 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.



We are a part of the Global Business Services which delivers technology and operations capabilities to 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 individuals, businesses and institutional investors we serve worldwide.

BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview

The Global Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions. The Trade Control teams are split in varied locations across New York, London, Chester, Singapore, Charlotte and India. The primary internal clients will be Front Office and Middle Office; however there will interaction with Front Office traders can occur over time as additional processes are transitioned. The primary responsibility is to ensure, issues arising with a trade either at execution, expiry or throughout the lifecycle of the trade are escalated and resolved on T+0/T+1.



Trade support is responsible for tracking the trade flow and making sure that there is an element of risk management and control. This team identifies errors and raises them to the desk. Verify accuracy of risk and P&L required for trading. Oversee end to end reconciliations of firm positions and trade bookings. Partner with other FO/MO and BO teams globally to resolve issues. Active participation in new business initiatives and large scale system transformation and migrations projects.

Job Description

The candidate needs to have a strong understanding of the Trade Life cycle with adequate experience in Trade and Product Control processes
Ensures that trade support is OCC compliant by ensuring team processes and procedures are up to date, accurate and evolving.
Strong Products knowledge of Credit
Ensuring timely delivery of MO/FO critical reports to various stake holders
Should possess a Risk mind set and analytical ability
Needs to identify and question process inherent gaps and partner in solutioning
Ability to build and manage relationships with varied functional stakeholders globally

Responsibilities

Business ResultsAnticipates risks and obstacles and devises plans to manage them
Pursues aggressive goals and continuously raises performance expectations to achieve excellence
Appreciates the cost impact of actions and is commercial in decision making
Promotes continuous learning and development

Personal EffectivenessTakes 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

Planning and OrganizationManages own time well, agreeing priorities. Multi-tasks effectively, work well under pressure and meets tight and changing deadlines.
Organizes and runs effective meetings and workshops

Communication Skills
Communicates clearly and concisely, verbally and in writing, at all levels within the organization

Requirements

Education

Post Graduate - Ideally Chartered Accountant or MBA Finance

Experience Range

Overall experience of 5-7 years with 4+ years of experience in Trade Support function within an Investment Banking or Buy Side environment.

Foundational 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.

Desired Skills: NA

Work Timings : 05:30pm-02:30am

UK & US rotational shifts

Location

Gurugram

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