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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. 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
The STR or Structured Trade Review Team is part of the Global Middle Office (GMO) Team. Structured Trade Review (STR) is a control process designed to reduce this risk for trades which are complex in form or booking, ensuring that trade economics are correctly captured and recorded in the systems according to the confirmation and term sheet
Job Description
Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies
Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking
Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments
Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades
Process Improvement
Identify issues and control gaps in existing infrastructure
Work with technology team to streamline our processes and enhance data integrity and control
Responsibilities
Intense work ethic with history of proven strong delivery
Strong adaptability skills to to keep the focus on delivering for the business & client whilst minimizing time spent on low value additive activities
Personal effectiveness: communication, decisiveness, energy & drive, character & works diligently to achieve success Strong technical skills to understand the products and business
Strong analytical skills
Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management
Requirements
Education
Post Graduation or an equivalent qualification (CFA, FRM or Any Finance related certifications)
Certifications If Any
Experience Range
Experience in a middle office support functions or operations function for OTC derivative products with a total experience of 3-7 years
Foundational skills
Good Understanding of Investment Banking Products from a Middle Office or Back Office background.
Strong communication skills across all levels of seniority especially with the Trading desk
Proven analytical skills including data reconciliation and interpretation
Desired skills
Demonstrate good Excel skills (macros, formulas) and VBA coding skills & Understanding of emerging technologies.
Shift Timings - 11:30 to 20:30 IST
Location - Mumbai & Hyderabad
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Team Leader at Bank of America.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Bank of America's application process for this role.