Team Developer

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

Skill: general accounting , remittances , commerce , audit , verification , journal entries , cash management , team player , reconciliation , excel , accounts; Exp: 4-6 years; Team Developer Hyderabad, India Job number 18064325 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. 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.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. Process Overview Cash management deals with the wire remittances coming to ML Clients, which doesnt have the complete information to process Straight Thru processing. CMS process remediates the risk on all such deposits by processing them from suspense account by doing further research and ensure funds are remitted to correct beneficiary. Investigating and Research of inquiries from Branch, corresponding banks pertaining to US and EMEA region. There is a strong emphasis on service due to the high level of interaction with internal and external clients and the role will involve significant telephone contact and email correspondence with clients Job Description Individual will be required to play SME role across all products. He /She will be involved in liaising with multiple teams for meeting the Service Level Agreements. Handling the Adhoc Queries/Escalations raised either by Internal or External teams. Responsibilities Review daily key operational variables Ensure adherence to the SLAs / Metrics productivity, turn-around-time and accuracy Interact with business partners and units on day to day functionalities Provide subject matter expertise on processes Provide update on process performance Ensure that all audit and processing audit processes and methodologies are followed and documented Assisting the Team on their day to day queries Responding to Ad hoc queries from internal and external clients Check SWIFT instructions of the incoming wires that could not go through Straight thru Processing. Investigate and locate correct beneficiary account and book funds. Monitor CMS group mailbox and respond to various inquiries pertaining to US and EMEA region currencies. Process JE s to adjust customer accounts as requested. Review MT103 instructions for incoming FX wires and advice if ML account listed is valid. Funding internal GLs to ensure sufficient funds are maintained post cutoffs. Verification of Swift messaging, Payments and Journals Requirements Knowledge on MT 103 & 202 Swift payments Knowledge of General Accounting (journal entries, debits/credits and treatment in books etc.) Knowledge of Financial and Capital Markets Basic reconciliation knowledge/exposure. Eye for detail and Out of the Box Thinking Ability to excel in a team environment. Proactively recognize and recommend solutions to process inefficiencies. Ability to prioritize and multi-task when faced with multiple deadlines Sound decision making capability Client focused individual with the drive to exceed expectations Results oriented individual with good problem solving abilities Candidate must also have good written and oral communications skills. Should be highly adaptable to the changing business requirements and flexible to work in night shift Excellent interpersonal skills; positive attitude; team player; flexible Willingness to learn and adapt to changes Proactively recognize and recommend solutions to process inefficiencies Education Commerce Graduate Certifications If Any NSE ACADEMYS Certification in Financial Markets Modules Experience Range 4-6 years Mandatory skills Experience in Investment Banking – Payments(MT 103, 202) Desired skills Settlements & Reconciliation Experience Work Timings 0830pm to 0530am Job Location Hyderabad Posting Date 25/10/2018 Location Hitec City, Madhapur – Maximus 2B, Mindspace, Raheja IT Park – India Full / Part-time Full time Hours Per Week 45

Audit & Risk


Experience: 4-6

Function: Accounting / Tax / Company Secretary / Audit