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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 Expansion and producing for our client organisations, teammates, communities and shareholders every day.
Being a Great Place to Work and offering a culture of caring is core to how we drive Responsible Development. We are intentional about fostering an inclusive workplace where every teammate has the prospect to succeed, develop a career and contribute to our shared success. This includes attracting and creating 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 giving an appropriate level of flexibility based on position-specific responsibilities and business needs.
At Bank of America, you can establish a successful career with prospects 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
Global Loan Operations team manages End to end Trade life cycle for syndicated loans. The teams are primarily accountable for the confirmation, settlement and ongoing management of lifecycle events for positions held by global markets loan trading. The teams have a high degree of client interaction, initially via the confirmation and Settlement process and subsequently via the management of sub participation agreements.
Job Description
Look to undertake Input all the servicing/Settlement activities.
Setting up new credit arrangements and loans to guarantee timely funding of borrowing requests.
Handle periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.
Serve as primary point of contact for request related to administration of large corporate credits.
Tasked with accurate data input to several ancillary credit or operating systems is required e.g.
ACBS/Loan Runner WTQ, Cash Manager and Right fax.
Position requires proficiency with numbers to secure accurate loan commitment, interest; fee and principal payments are recorded. Run escalations and guarantee time resolution to avoid any financial and reputational risks.
Should have understanding of secondary loan trading market. See to it that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.
Undertake necessary steps to ensure that any required reporting requests are fulfilled.
Loan servicing & Settlements administration with a good working understanding of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self managed in core areas. Able to work under pressure & tight deadlines
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Responsibilities
Look to undertake Input all the servicing/Settlement activities.
Setting up new credit arrangements and loans to guarantee timely funding of borrowing requests.
Handle periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.
Serve as primary point of contact for request related to administration of large corporate credits.
Tasked with accurate data input to several ancillary credit or operating systems is required e.g.
ACBS/Loan Runner WTQ, Cash Manager and Right fax.
Position requires proficiency with numbers to secure accurate loan commitment, interest; fee and principal payments are recorded. Run escalations and guarantee time resolution to avoid any financial and reputational risks.
Should have understanding of secondary loan trading market. See to it that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.
Undertake necessary steps to ensure that any required reporting requests are fulfilled.
Loan servicing & Settlements administration with a good working understanding of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self managed in core areas. Able to work under pressure & tight deadlines
Criteria
Education : B.Com
Experience Range : 5 years and above
Foundational Capabilities:
Desired Capabilities:
Work Timings: 4:00 PM – 4:30 AM IST
Job Location: Gurugram
This Team Leader vacancy is based in Gurugram.
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.