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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 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 include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, and Client & Product Data.
Trade Control/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.
Strong Products knowledge of Fixed Income Derivatives (Rates, Credit, FX etc.), Structured Notes, Bonds, Futures and Options and Capital Markets.
The candidate needs to have a strong understanding of the Derivatives Trade Life cycle with adequate experience in Trade and Product Control processes.
Awareness of various Industry Regulations such as Dodd Frank, EMIR, MiFID, Volcker and FINRA.
Should possess a Risk mind set and analytical ability.
Strong Communication and Problem-Solving skills
Ability to build and manage relationships with varied functional stakeholders globally.
Responsibilities
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
Requirements
Education Graduate/Postgraduate: MBA in finance from a recognized college / TIER I/II College
Certifications If any: CFA, FRM preferred
Experience Range 0-8 yrs of relevant experience in domain knowledge.
Foundational skills
Strong Products knowledge of Fixed Income Derivatives, Bonds, Futures and Options and Capital Markets.
The candidate needs to have a strong understanding of the Derivatives Trade Life cycle with adequate experience in Trade and Product Control processes.
Awareness of various Industry Regulations such as Dodd Frank, EMIR, MiFID, Volcker and FINRA.
Should possess a Risk mind set and analytical ability.
Strong Communication and Problem-Solving skills.
Ability to build and manage relationships with varied functional stakeholders globally.
Desired Skill Set
Work Timings: 6.30PM -3.30AM IST
Job Location: Gurugram
Bank of America is one of the world's largest financial institutions, serving individuals, 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. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.
This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr.
For account issues, please visit: https://bit.ly/2GeTIeP.
