Bank of America Hiring for Assistant Manager at Gurgaon Full Time

Job Description:

Overview:

Bank of America is one of the world’s leading 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. 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.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

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 individuals, businesses and institutional investors we serve worldwide.

• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank

Process Overview*

Client Data Services team is responsible for adding and maintaining client information with respect to settling and confirming transactions pertaining to Global Securities (Equity – FI, PB and Cash). This includes adding and updating client bank details SSIs – standard settlement instructions, contract note delivery information and the creation of client sub trading accounts for Global Market clients. Ensure secondary review for such data is performed by the assigned reviewer in the process Work on projects for set-up of new clients within specified deadlines. The qualifying candidate will have prior experience of having managed Reference data services activities for the global markets domain.

Job Description*

Success is measured at a team level, with internal targets and results being measured against the Line of Business group on a regular basis. The error free Data set ups, adhering to the regulators requirements Segregation Violations is a key parameter in measuring the control of risk around the process.

The key to success is to ensure we process projects and requests within tight deadlines as prescribed by the SLA’s/KRI’s/KCI’s. In a deadline driven environment, turnaround, accuracy and escalation are of high importance as we are at risk to market movements, client relationship, and the bank’s reputation including settlement risk. Sense of urgency and attention to detail are pivotal competencies required to perform the functions.

Responsibilities*

• The candidate is expected to understand & own all aspects of the Internal RDS systems, Process flows and SLAs / CTQ’s from a Service Delivery perspective & delivering to their set responsibilities adhering to set procedures & controls,

documented as part of SOP’s, to relevant market cut-offs & timelines in an

accurate & timely manner delivering quality output for the groups Institutional & other clients.

• Ability to effectively communicate with LOB partners and able to handle Issues and Escalations independently
• Contribute towards consistent delivery on Business metrics along with other new responsibilities and setting higher standards for self-performance
• Analytical thinking & logical reasoning for rational decision making
• Working on JIRA and UAT testing (majorly weekend)
• Generating Process Improvement ideas and efficiencies
• Adherence to all Organizational policy and procedures, including legal & regulatory requirements for self
• Be RDS process SME – having ability to resolve system issue through trouble shooting
• Experience in handling the monthly deliverables like Dashboards/Risk Matrix etc.

Ensure contingency plans / flexibility in staff levels to manage workload in adverse conditions (e.g. sickness, holidays etc)

• 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.

Requirements*

Education* – Graduate / MBA

Certifications if any : NA

Experience Range* – 8 to 10 years

Foundational skills* – Good understanding of Global Markets especially Securities and Cash.

Desired skills* – Equities, Fixed Income, Derivatives and Foreign Exchange products.

Work Timings* – 24*7 ( Rotational)

Job Location* – Gurugram

Job Band:

H7

Shift:

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0