Job Description:
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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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
GCOR Trade Surveillance team monitors firm's trading activity from a market abuse/market manipulation perspective. Global trade surveillance activities are designed to adhere to financial services laws, rules and regulations to determine whether key controls are operating as intended and are effective in terms of mitigating compliance risk (e.g. compliance policy, standard or procedure). Continuous surveillance of business activities is performed through automated systems (SMARTS, Actimize etc.) and filters. Surveillance is also performed through patterns and trends analysis, and manual reviews.
This team in Trade surveillance will work very closely with the Regional Trade Suverillance teams to conduct surevillance efforts on equity, fixed income and derivatives trading.
Job Description
Individuals will be part of the Trade Surveillance group supporting one of the global regions AMRS, EMEA and APR. Individual will be responsible for monitoring trading activities across multiple asset classes for market abuse and manipulation. The individuals will also be responsible for investigating potential compliance/control room issues with multiple levels of management for appropriate disposition.
Responsibilities
- The successful candidates will be responsible for performing trade surveillance activities on SMARTS and Actimize application, review alerts for market manipulation, restricted and watch listed securities, obtain deal updates (from Investment Bankers) - when needed for watch list reviews, monitor trading activity using various exceptions-based reports.
- Working closely with the Line of Business (LOB) to understand the process and managing LOB process expectations, managing day to day process requirements, liaising with upper management, preparing, and presenting monthly reviews to senior management, managing employee conflict, conduct employee performance discussions,
- Work with the larger team on OPEX initiatives, identify process improvement areas, liaise with relevant support function to bring the idea to fruition.
- Analyze T+1 trading data on trade surveillance platforms for potential compliance issues, investigate potential compliance issues with management and document findings, work with the global compliance teams to document findings.
- Participate in the Parameter Review process for the Trade Surveillance models.
- Enables smooth migrations of work to GBS from onshore and maintaining/creating LOB confidence for the GBS team.
- Conducting LOB/GBS Executive presentations, including routine and monthly connects.
- Understand end to end Internal Controls and broader Global Business Services functions to ensure adherence to enterprise standards and reporting requirements.
- Train and set up a strong, fungible /Cross trained pool of resources within the GBS Trade Surveillance team
Requirements:
Education
- Post Graduate in any field
Experience Range
18 + years of Experience in Trade Surveillance / Pre-trade / Post-trade / Real Time Surveillance
Foundational Skills
- Experience in capital markets operations with a thorough understanding of trade life cycle and surveillance functions
- Strong capital market knowledge
- Working knowledge of derivative products
- Strong analytical, interpersonal, organizational, and time management skills
- Ability to lead a team
- Ability to prioritize work activity to maximize performance against agreed targets
- Excel skills and attention to detail
- Strong English written and verbal communication skills
- Experience in working with Surveillance applications like Actimize, SMARTS.
- Ability to work in a high-energy and dynamic environment.
- Ability to multi-task, assist in critical items/projects and those that require extensive research, while independently prioritizing his/her workload
- Ability to analyze large sets of data to develop and present executive level reporting
- Experience in operating on a global scale, across multiple functions/regions and with multiple stakeholders.
Shift Timings
- APAC - IST 07.30 AM/08.30 AM to 04.30 PM/05.30 PM
Other Regions - IST 11.30 PM/12.30 PM to 08.30 PM/09.30 PM
Location
- GIFT