Team Developer

  • Company:
    Bank of America
  • Location:
  • Salary:
    negotiable / month
  • Job type:
  • Posted:
    2 weeks ago
  • Category:

Skill: reports , accounting , mis , stock , reporting , cash management , reconciliation; Exp: 3-5 years; Team Developer Gurugram, India Job number 18058681 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. Were 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. 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. Global Markets Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data. Process Overview EMEA Securities Settlements team perform various functions like pre-matching, settlements, sufficiency, Depot Transfers and controls functions like margin, queue/break management, FOP and margin payments for few entities. We work on both equities and fixed income products. Maintaining client/broker relationship and keeping the market, credit, liquidity and operational risk to its minimum is key to the success. Teams interact with several different internal teams which are part of trade lifecycle and also with various counterparties externally to match/settle the trades. Job Description* This is a great opportunity for someone looking to gain experience in the world of securities. The associate will be part of the Securities settlements team working in a fast paced and time sensitive environment. The successful candidate will be responsible for pre-matching, matching, Trade Narrations and timely settlement of trades-value date & failing trades, stock loan reconciliation, Depot Management functions across CREST, DOMESTIC & EUROCLEAR markets. Although working individually, the success is measured at a team level, with internal targets and results being measured against the Line of Business external peer group on a regular basis. The level error free settlements, adhering to the regulators requirements Segregation Violations, Fines) and our success in the market versus our peer group is a key barometer in measuring the control of risk around the process. The key to success is to ensure we settle all equity trades within tight deadlines as prescribed by the SLA. In a deadline driven environment, turnaround, accuracy and escalation are of high importance as we are at risk to market movements, traders P & L ,client relationship, and the banks reputation including settlement risk. Sense of urgency and attention to detail are pivotal competencies required to perform the functions. Responsibilities* Pre matching & matching trades on VD-1 & VD with counterparties. Trades which are unmatched are to be identified, researched and actioned for resolution. Reduce failing trades and increase settlement efficiency Settle failing trades by liaising with various external clients, brokers, local agents & custodians Reduce intercompany failing trades across. Ensure Capital exposure is as per the levels fixed by the regulators Ensure that there are no segregation violations as per SEC regulations and fines imposed by regulators are well below prescribed standards Prioritize on reducing failing SELL trades to mitigate the risk of buy-in threat to the firm Take necessary steps to ensure that Buy-in threats are avoided to the firm as a result of failing trades Ensure Depot transfer requests are entered in the system are settled on time by liaising with Custodian, Client services Ensure that breaks pertaining to stock loan are resolved within defined timelines Researching on trades which are not recognized by CP and checking is it a valid and following the escalation procedure to make sure that trade settled on the same day or cancelled Perform telephone confirmations on transactions due for settlement/matching MIS, reporting of operational and trading exposures to management. Responsible for clearing of items on the daily exception accounting reports Maintain established productivity levels as per SLA. Ensure that all established procedures are followed. Meet or exceed all deadlines given as per SLA. To be flexible in their attitude and approach, and be willing to work extra hours during the week with overflow of volume and to provide cover for holidays planned and unplanned. Requirements* Education Graduate/Post Graduate Certifications If Any Experience Range 3-5 yrs Mandatory skills Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure. To be able to communicate effectively Desired skills Flexible Work Timings 800 AM GMT 1700 PM GMT Job Location Gurugram * Mandatory Fields Posting Date 03/10/2018 Location SECTOR 21 DUNDAHERA – TOWER – A, BUILDING – 8 – India Full / Part-time Full time Hours Per Week 45

Import/Export Accounting


Experience: 3-5

Function: Accounting / Tax / Company Secretary / Audit