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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.
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Global Operations is responsible for delivering integrated operations solutions for Bank of America businesses across the globe. Global Payment and Banking Operations are part of the Global Operations team.
Bank of America Entry Level role
Team Member – India
Job Description:
- The associate will report to a Process Supervisor
- Understand, interpret, and implement the Standard Operating Procedures for the specific team/process
- Deliver on individual targets and contribute towards team metrics
- Work effectively in a team and collaborate with onshore & offshore teams
- Provide resolution to the status requests and queries from internal / external teams
- Seek to advance knowledge and improve skills
Qualification:
- Graduate (in any discipline)
- Possess good communication skills
- Willing to work in shifts
- Experience range – Freshers
- Open to work in Rotational shifts 24×7
- Foundational skills
- Good Communication & Interpersonal skills
- Structured and organized
- Pays attention to detail
- Collaborative. Should be a team player
- Willing to work in a shift environment. Adapts well to routine.
Desired skills
Understanding of Basic Accounting Concepts
CAMPUS HIRING ELIGIBILITY FOR STUDENTS IS AS LISTED BELOW:
- Final year graduates with 60% score in the last semester OR CGPA of 6 on a scale of 10 in the last semester
- No Active Backlogs
- Students with Indian citizenship only
- Students should be Keen on an operations desk-job and should be open for rotational shifts
- Students should be willing to join in any locations namely – GIFT City
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Trade Control Analyst – Central Funding Desk – USA
Job Description:
- The desired candidate should possess a working understanding of derivatives products. These would include IR Swaps, Swaptions, CDS, CDS Index, Treasury Bonds etc, with focus on rates products.
- The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator.
- The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment.
- The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner.
- As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues.
- The hybrid role will require Associate to have working knowledge of TRACE activities including Submission, Governance and control process. TRACE related activities would include the below
- Exception identification and liaising with particular LOB associate to understand the root cause.
- Review of pre-submission and post-submission control queues (Rejections and Unmatched) to ensure accuracy.
- Monitoring of all exception queues including follow-up of all issues in Unmatched TRACE Queue.
- Documentation of all issues including timeliness with root cause analysis in appropriate platform to be identified.
- Review of pre-submission and post-submission control queues (Rejections and Unmatched)
- Understand various idiosyncrasies and conventions of Structured Notes/Linear Rates products,
- Treasuries, FX and commodities and their related hedges in order to provide SME(Subject-Matter Expert)-level support.
Required:
- Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.
- Excellent Excel reporting-related skills
- Detail-oriented to operation trade flow, data entry, and data reconciliation
- Ability to liaise across multiple functional teams to resolve issues
- Ability to operate autonomously without direct supervision
- Ability to quickly analyze and make decisions in the event of a problem
- Ability to quickly grasp new industry practices and create/document new processes
- Strong organizational skills and ability to effectively prioritize multiple tasks
Qualifications:
- Macro/VBA Knowledge
- Knowledge of financial processing systems and accounting
- Understanding of the “Best Practices” and front-to-back product flow to manage Operational Risk
- Relevant industry product knowledge
- Proactive thought leadership to identify and deliver process improvements and efficiencies
- Knowledge of industry regulatory frameworks such as Volcker Reporting, DTCC Real-Time, TRACE Reporting.