דרושים Officer Market Support Analyst Trade Processing Global Markets Operations ב-Bank Of America ב-India, Mumbai

∙ Resolution and escalation of matched and unmatched trades
∙ Timely response to client queries regarding the settlement of their trades
∙ Client Fails Reporting
∙ Buy in avoidance
∙ Liaising with other internal departments to ensure timely resolution of Client fails
∙ Involvement in ad hoc projects for new processes or industry initiatives

Responsibilities:

• Perform document gap analysis by reviewing available documentation and evaluating information available for India jurisdiction.

• Liaise with sales/client teams to obtain and validate correct documentation.

• Process AML/CDD by enriching onboarding requests in the system and performing enhanced due diligence as required.

• Support creation of key business metrics.

• Liaise with internal departments to support KYC issues - Involvement in ad hoc projects for new processes or industry initiatives.

• Participate in remediation, internal/external Audits Requirements
  Experience in similar role (preferred)

• Control focused mindset and good understanding of regulatory and reputational risks.
  (knowledge of India requirements a plus)

• Excellent communications skills and ability to present to an audience.

• Ability to work under pressure in a team environment.

• Ability to liaise with all levels of the firm and people with different experiences and backgrounds.

• Self-motivated. Bank of America Merrill Lynch is an equal opportunities employer.

Skills:

• 5-6 years’ experience in AML/KYC roles.

• Relevant experience on Client Due Diligence review on Corporate clients, Knowledge of APAC regulations (India regulations preferred).

• Control focused mindset and good understanding of regulatory and reputational risks.

• Excellent communications skills and ability to present to audience.

• Ability to work under pressure in a team environment.

• Ability to liaise with internal and external stakeholders and deal with people with different experiences and backgrounds and be able to get work done.

• Self-motivated and assertive.

Responsibilities:

• Control of Dormant & Ban Control accounts as per established regional and local procedures. Including AML/KYC controls on activation or related maintenance as received from clients.
• Perform AOC / Account release activity for Dormant/ Ban-control transactions, ensure all the validations are done as per the DTP before releasing the AOC
• Monthly review of Dormant list and physical verification of files held with PMCG
• Preparation and circulation of Bank Reconciliation statements daily.
• Opening, maintenance and closure of Internal account (Client related, External & Internal, PAP, Nostro partner bank, GL, Suspense etc.)
• Review of accounts held in Deferred / Suppress Dormant status as per the guidance
• Review Suspense, Holdover, TX, Oracle Breaks etc. to ensure that no item is outstanding as per established process. Monitoring reconciliation of Nostro accounts.
• Review of Desktop procedures and ensure that the same are updated
• Revert on the regulatory notices received from regulatory bodies like SEBI, Income Tax offices, Financial Investigation Unit, etc.
• Perform Day 2 Quality checks for new Accounts Opened/maintenance done
• Perform maintenance activities related to set up of new accounts in INDOCS
• Prepare regulatory reports submitted by the Bank and ensure adequate controls are built in the process for accurate and timely reporting
• Maintaining RTGS holidays for India on the system
• Responsible for maintaining efficient relationship with stakeholders
• Preparation of Internal and Customer related MIS as per the requirement

Skills:

• Post-Graduate / MBA / Chartered Accountants with 3 to 5 years of experience preferred
• Excellent Customer Service and Inter-personal skills
• Ability to manage a team
• Should be solution oriented and look for opportunities to automate. Experience in automated projects will be an added advantage.
• Good computing, accounting skills and analytical skills.
• Good written and verbal communication skills
• Ability to manage multiple tasks with accuracy
• Quality conscious and having flair for constant process improvement.
• Ability to manage volumes with accuracy.
• Knowledge about banking operations preferable

This role will assist in performing routine processing functions under close supervision. Decisions have minimal impact on internal and external customer relationships.
Involves post execution trade processing, which includes validating, affirming, sending confirmations to counterparties, Enter settlements as a Maker, Process Fees and Billing. Processing of trades have to comply with DTPs. Ensure compliance with local and global regulatory requirements. Involves Engage with different stakeholders including Business, Compliance, Finance and Technology for resolving any issues.
Trade Validation of FX Option and Or Interest Rate Swaps deals.
•Perform Manager level role in Cash Manager.
•Reporting of Trades on CCIL CORE
•Preparation of Deal Confirmations, Sending out and Following up for Receipt of the same. Managing the Document Archival System
•Maintain Due diligence at the time of processing / settlement of the trades.
•Maker role for some of the desk activities.
•Engage with Stakeholders including Business, Compliance, Finance, Technology for constructively resolving any queries.
•Participate in various process improvement initiatives/ projects as required.
•Preparation of daily, weekly & Monthly MIS reports
•Providing Audit Data to Concurrent Auditors -
•Passing of Manual entries in GBS.-
•Monitoring of Alleged and Pending queue in CORE( CCIL Owned application)
•Monitoring of any New/amend Standard Settlement Instructions received from Clients.
• Previous experience of processing within FX, Derivatives and Collateral Operations
• Client focused. Client facing experience or ability to conduct discussions with Clients in a clear and concise manner
• Excellent communications skills
• Ability to work under pressure and adhere to stiff deadlines
• Ability to liaise with all levels of the firm and people with different experiences and backgrounds
• Self-motivated and able to work unsupervised. Candidate will be able to manage own time and know when to escalate
• Knowledge of Regulations and Ability to Identify and Mitigate Operational Risk
• Strong understanding of the accounting principles
• Good knowledge of Microsoft Excel
• Graduate from a reputed University with experience in operations processing in a bank.

Process Overview*

Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description*

The Regulatory Reporting tower comprises of US Regulatory Reporting (CRR) team and Europe Regulatory Reporting (ERR) team. This is a part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC, PRA, Bank of England, Central Bank of Ireland and other regulators. The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.

Responsibilities*

• Regulatory Reporting tower is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for managing & leading the AnaCredit regulatory reporting category within Europe Regulatory Reporting teams.
• The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
• Drive timely and accurate production, review and filing of AnaCredit reports
• Review Sign off/Management pack ahead of review by Report owner/Senior Management
• Support Audit/Regulatory examination/Identify and remediate SIAI/AIAIs etc.
• Drive completion/updation of Report Data Dictionaries, Strengthen governance and controls, Operational excellence initiatives
• Work closely with teams across the organization including: GFC-COO team, Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, Audit, LEC and other GFC (Global Financial Control) teams to resolve regulatory reporting issues/MIS etc.
• Be a quick learner and possess intellectual curiosity and proactively investigate issues
• Strive for quality and accuracy and have the dependability necessary to meet strict deadlines
• Pay rigorous attention to compliance procedures
• Strong people management skills.

Requirements*

CA/CWA/ CPA + MBA (Finance)

Certifications If Any – NA

Experience Range*

15-17 years of total experience in banking of which at least 10 years of relevant experience

Foundational skills*

• Knowledge and Experience in AnaCredit report category, Understanding of data flows / Systems knowledge
• Experience in reviewing reports with extensive data and attention to details
• Ability to manage multiple stakeholders
• Proficient with working on various systems and applications and understand the data flows
• Ability to deal with ambiguity, Partner with multiple teams viz. Change, Data mgmt., Line of business, senior management, Audit, LOB, Accounting policy etc. and drive open issues to closure, Strong internal and external stakeholder management skills
• Experience of handling queries from Regulators, Auditors and other stakeholders; Experience in regulatory instructional changes, Cross functional projects, strong control mindset
• Strong Process and people leader traits, Communication and influencing skills
• Experience in dealing with one or two Key regulators viz, Central Bank of Ireland, PRA, Bank of England
• Strong Control and governance mindset, Strong Project Management Skills
• Having good exposure to MS office including MS Word, Advanced Excel and Advanced Power point.
• Excellent communication & presentation skills
• Ability to understand the financial statements pertaining to Banking Industry
• Able to excel and influence in engagements within a cross-functional team environment, and so effectively collaborate with team members and business partners to produce quality results
• Strong analytical skills with strong time management skills.
• Detail-focused and structured approach to defining, executing and evidencing deliverables, demonstrating high level of ownership
• Self-motivated and independent having an excellent control mindset (both application and review of control activities)
• Dynamic, high energy, solid work ethic, willing to take and own development initiatives

Desired skills*

• Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred
• Exposure to emerging technologies like Alteryx, Tableau, UI Path, etc.
• Understanding of BASEL norms, Capital Markets, Banking products like Deposits, Loans and Leases, Securities, Derivatives & commitments

Work Timings*

11.30 AM to 12.30 AM (13 hour window – 9 hour shift), Stretch basis report requirements and US Stakeholder support needs

Job Description:

Job Description:
This job is responsible for providing standard operations support for numerous products across multiple lines of business. Key responsibilities include providing quality service and support to business partners and customers. Job expectations include delivering on daily assigned tasks according to established procedures and prescribed processes under general supervision, referring more complex problems and transactions for guidance and resolution.

• Ensures transactions are completed in an accurate and timely manner
• Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
• Conducts daily monitoring of client trading activity across multiple markets
• Performs tasks with accuracy during high volume periods in a team environment

Skills:

• Attention to Detail
• Critical Thinking
• Data Collection and Entry
• Recording/Organizing Information
• Research
• Fraud Management
• Interpret Relevant Laws, Rules, and Regulations
• Problem Solving
• Quality Assurance
• Risk Management
• Adaptability
• Customer and Client Focus
• Prioritization
• Result Orientation
• Written Communications