Manager at Bank of America

Gurugram, haryana, India -

Full Time

Start Date

Immediate

Expiry Date

13 Jun, 26

Salary

0.0

Posted On

15 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fixed Income Derivatives, XVA, Bonds, Futures, Options, Capital Markets, Derivatives Trade Life Cycle, Trade Control, Product Control, Dodd Frank, EMIR, ESMA, Volcker, FINRA, Risk Mindset, Analytical Ability

Industry

Banking

Description

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. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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 Markets Operations 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. Trade Control/support is responsible for tracking the trade flow and making sure that there is an element of risk management and control. This team identifies errors and raises them to the desk. Verify accuracy of risk and P&L required for trading. Oversee end to end reconciliations of firm positions and trade bookings. Partner with other FO/MO and BO teams globally to resolve issues. Active participation in new business initiatives and large-scale system transformation and migrations projects. Job Description Strong Products knowledge of Fixed Income Derivatives (Rates, Credit, FX etc.), Concept of XVA (CVA, FVA, DVA, etc.), Bonds, Futures and Options and Capital Markets. The candidate needs to have a strong understanding of the Derivatives Trade Life cycle with adequate experience in Trade and Product Control processes. Awareness of various Industry Regulations such as Dodd Frank, EMIR, ESMA, Volcker and FINRA. Should possess a Risk mind set and analytical ability. Strong Communication and Problem-Solving skills Ability to build and manage relationships with varied functional stakeholders globally. Responsibilities Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk Ability to work autonomously and deliver results in a high-pressured environment Logical approach to problem solving and ability to priorities multiple tasks Proven analytical skills including data reconciliation and interpretation Strong attention to detail and accuracy with an ability to notice minor discrepancies / issues Ability to identify and deliver process improvements Relationship management skills Stakeholder management Structured and logical thinker Requirements Education” Graduate/Postgraduate: Chartered Accountant or MBA in finance from a recognized college / TIER I/II College Certifications If any : CFA, FRM preferred Experience Range 8-12 yrs Foundational skills: Strong Products knowledge of Fixed Income Derivatives, Bonds, Futures and Options and Capital Markets. The candidate needs to have a strong understanding of the Derivatives Trade Life cycle with adequate experience in Trade and Product Control processes. Awareness of various Industry Regulations such as Dodd Frank, EMIR, ESMA, Volcker and FINRA. Should possess a Risk mind set and analytical ability. Strong Communication and Problem-Solving skills. Ability to build and manage relationships with varied functional stakeholders globally. Desired Skills : Flexible Work Timings: 12.30PM -9.30pm Job Location: Gurugram 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. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.

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Responsibilities

The role involves strong communication and negotiation, especially with the Trading desk, and requires the ability to work autonomously to deliver results in a high-pressure environment. Responsibilities include logical problem-solving, prioritizing multiple tasks, and utilizing strong analytical skills for data reconciliation and interpretation.