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
Global Markets Operations & Middle Office 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.
Job Description
GDFX Static Data (Global Delivery Foreign Exchange) process is responsible for adding and maintaining client information with respect to settling and confirming transactions. This includes adding and updating client bank details, loading/updating Standard Settlement instructions for all trading counterparties of Bank of America Merrill Lynch, creation of Trading Identifiers for the clients across all regions.
Responsibilities
- Understanding of Reference Data Services with respect to Foreign Exchange & Derivatives business
- Capability to review Standard Settlement Instructions and confirm payments are complete
- Ability to drive processing of high volume client requests meets daily deadlines. Must have a team player perspective & be able to communicate confidently.
- To drive the development, implementation and regular review of policies and procedures on process compliance risks and issues that are material to the Business, including in particular Anti-money Laundering, Know Your Customer (KYC) and Suitability ensure adequate staff awareness and training.
- Effectively address the business issues - Generate new opportunities that will help them stay ahead in the future.
- The SSI set-ups and maintenance: Setting up the requested as per database and confirm to requestor that the request is completed within process Turn Around Time
- Work on projects for set-up of new clients within specified deadlines
- Ensure that all established procedures are followed.
- To create improvements in business processes by contributing ideas and implementing agreed changes into the team's day-to-day operations.
- To perform all tasks following company policy and procedures, including legal & regulatory requirements, and to prescribed process standards.
- Understanding of Business Continuity Management
- Excellent organizational skills are required with the ability to prioritize workload, work accurately and efficiently under pressure.
- To be flexible in their attitude and approach; have a strong desire to learn from day to day scenarios.
- Ensure contingency plans / flexibility in staff levels to manage workload in adverse conditions (e.g. sickness, holidays etc)
- Good Communication skills (spoken and written English)
- Able to work in a fast paced and busy environment (high volume with tight turnaround times)
- Tertiary qualification in business/commerce/Finance definitely preferred.
Requirements
- Education : Masters in Business Administration (MBA) - Finance
- Certifications If Any
- Experience Range : 3 to 5 Years
- Foundational skills: Good understanding of Global Capital Markets especially for FX, Cash & Derivatives.
- Desired skills: Good communication skills and experience in Static Data process.
Work Timings
7:30 am to 5:30 am ( Rotational)
Job Location - Gurugram