Job Description:
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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Support India Global Market Operation so as to ensure adherence to the CSA operational requirements Candidate must be able to support trade processing, confirmations, margin requirements, client servicing , settlement, regulatory reporting
Responsibilities:
- Ensuring daily margin calls are confirmed with the counterparties and processed in internal system as per agreed terms.
- Preparation and settlement of collaterals on same day or as per contracted timeline.
- Escalate disputes to internal reconciliation teams in timely manner and liaison with clients for necessary investigations. Coordinate with regional collateral teams and counterparty for smooth processing of collateral process.
- Ensure compliance to relevant collateral terms/regulations.
Requirements:•
- Presentable and confident with good communication skills to manage conversations with clients and other stake holders.
- Ability to work under pressure in a team environment.
- Ability to liaise with all levels of the firm and people with different experiences and backgrounds
- Self-motivated and able to work unsupervised.
- Candidate will be able to manage own time and know when to escalate
Other Qualifications:
- Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
- Excels in working among diverse viewpoints to determine the best path forward
- Commitment to challenging the status quo and promoting positive change
- Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve