Team Developer


  • Company:
    Bank of America
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    4 weeks ago
  • Category:
    Banking

Skill: financial analysis , reports , due diligence , stock , tax , general accounting , commerce , audit , reporting , journal entries , cash management , control accounts , team player , reconciliation , excel , accounts , finance; Exp: 3-5 years; Team Developer Hyderabad, India Job number 18048393 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* Global Markets Operations provides operations support to the Global Markets Business of Bank of America Merrill Lynch. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (FX) and commodities. Key functions includes Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, and Client & Product Data. The candidate should possess knowledge in Asset Services or skill gained through work experience in Global Securities Operations. It is an Individual Contributor role with responsibility to deliver critical to quality metrics for the lines of businesses that he/she supports. May recommend solutions to moderately complex problems lead or train other associates or supervise (functionally) highly routine work. The candidate should also possess leadership, communication and problem solving skills. The candidate may perform a specialist role in Asset Services function performing routine transactions or functional activities. The candidate may also perform specialist roles like quality control, process level reporting of metrics, special projects for the line of business, etc. Incumbents would be Graduates / Post Graduates with 50 – 60 months of work experience with 20 – 25 months of experience of Asset Services team. The Asset Services Processing/claims team will be responsible for the following Processing Income/claims and corporate action events for House/Prime brokerage clients Reconciliation of Cash breaks, control accounts, tax accounts and fee accounts Investigation and Resolution of client queries on a timely basis Job Description* Asset services process Team Developer is responsible for understanding and processing dividend/coupon interest/claims and corporate action event for Global Markets in a timely and accurate manner. Daily Processing of House and IPB Income/corporate actions events/claims in an accurate, timely and consistent manner, in accordance with departmental procedures and to the agreed service levels. Resolution of any processing issues and liaison with other areas of Bank of America Merrill Lynch including Settlements, Trading Desk Support, Client Service Representatives, Finance & Middle Office, Technology, Product Data Support, Client On boarding Services and global Asset Services Departments. The job involves a high degree of daily communication and interaction with internal counter-parties, external custodians/agent banks and external clients. Daily reconciliation of control, suspense and bank accounts and daily resolution of reconciling items. Maintenance of customer service levels through speedy resolution of queries raised by Prime Brokerage clients and Middle office product controller. Daily allocation of client money. Compliance with all relevant Regulatory and BofAML Control Standards and policy requirements. To identify changes to processes and procedures that will improve control, efficiency, reduce risk and/or improve client services. Participation in user acceptance testing programs new business projects.

Audit & Risk

Degree: 

Experience: 3-5

Function: Accounting / Tax / Company Secretary / Audit