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Team Leader

Hyderabad, India

Job number: 18005184

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Job Description:

Overview * (Bank of America overview, BA Continuum India overview, Business Overview)

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for the individuals, businesses and institutional investors we serve worldwide. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

Process Overview

Global Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, Core functions that are critical in ensuring business process control:  Trade Capture Substantiation, Risk/Position Validation, Event Monitoring, and Front-Back Process Oversight. 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

Trade Review

  • 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

Project Management

  • Accountable for the success of small projects or sections of larger ones
  • Responsible for the quality and timeliness of all project deliverables and well as the implementation of relevant project management practices (status reporting, issue tracking etc)
  • Day to day responsibility for managing the project with line, technology and other partners

Requirements*

  • Strategic thinker and ability to convert firm’s long term goals into same who can be creative and innovate.
  • Intense work ethic with history of proven strong delivery
  • Strong adaptability skills to navigate a large organization 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
  • Education*: Post Graduation or an equivalent qualification
  • Certifications If Any : NA
  • Experience Range*: Minimum of 4 – 5 years of experience in a middle office support functions or operations function for OTC derivative products with a total experience of 8+ years
  • Mandatory skills*: (1) Good Understanding of Investment Banking Products from a Middle Office or Back Office background. (2) Strong communication skills across all levels of seniority especially with the Trading desk (3) Proven analytical skills including data reconciliation and interpretation
  • Desired skills* : Demonstrate good Excel skills (macros, formulas)

Work Timings*: Flexible to work in Shifts

Job Location*: Hyderabad

Posting Date: 14/02/2018

Location:
Hyderabad, , RAHEJA IT PARK, MINDSPACE,
- India

Full / Part-time: Full time

Hours Per Week: 45

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