דרושים Officer Operations Team Leader – Branch 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*

CFO is a risk-based program to identify & confirm data gaps in various high risk financial regulatory reports filed by the bank like FR- Y-9C, FR- Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101, COREP, FINREP & AnaCredit & Liquidity Reports. The team also forms an integral part of the remediation work required for MRA raised by FRB for Regulatory Reports filed by the bank.

Job Description*

Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulatory requirements.

Responsibilities*

• Review, extraction and documentation of key data elements and logic from SQL or other code, including alignment of such elements with key business requirements.
• Examination of financial information and data attributes for assessment of alignment with instructions, i.e. fit for use and/or BRD (Business Requirements Document) validation activities.
• Assist in issue evaluation and remediation efforts including identification, remediation, monitoring and escalation activities particular to identified conformance or transaction related non-adherence issues and observations.
• Manage relationships across Finance, Data Management, or other line of business support teams.

Requirements*

CA/CFA, Bachelor’s or Master’s degree in finance

Experience Range*

0.6 – 2.5 years of experience

Foundational skills*

• Exposure to US regulatory reports such as FRY-9C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 009 or EMEA regulatory reports like COREP, FINREP & AnaCredit.
• Experience in analyzing SQL code through either writing the code to match business requirements or validation of code to ensure it executes the business requirements.
• Advanced tool skills in working with large data sets to identify anomalies in the data, in addition to standard knowledge of Microsoft software (Excel, Word, Power Point) including advanced excel functions such as pivot tables, V-lookup, etc.
• Strong communication skills to support partnership across multiple line of business, finance and technology teams.

Desired skills

• Prior experience in Audit, Financial Reporting or Finance Data Management Organizations
• Ideal candidate should have a general comprehension of both GAAP and Regulatory Reporting for large banks.

Work Timings:11:30 am to 8:30 pm

Mumbai / Gift City

Process Overview*

CFO is a risk-based program to identify & confirm data gaps in various high risk financial regulatory reports filed by the bank like FR- Y-9C, FR- Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101, COREP, FINREP & AnaCredit & Liquidity Reports. The team also forms an integral part of the remediation work required for MRA raised by FRB for Regulatory Reports filed by the bank.

Job Description*

Executing assessments to review and validate source documents, data source elements and logic adheres to specified business and/or data regulatory requirements.

Responsibilities*

• Review, extraction and documentation of key data elements and logic from SQL or other code, including alignment of such elements with key business requirements.
• Examination of financial information and data attributes for assessment of alignment with instructions, i.e. fit for use and/or BRD (Business Requirements Document) validation activities.
• Assist in issue evaluation and remediation efforts including identification, remediation, monitoring and escalation activities particular to identified conformance or transaction related non-adherence issues and observations.
• Manage relationships across Finance, Data Management, or other line of business support teams.

Requirements*

CA/CFA, Bachelor’s or Master’s degree in finance

Experience Range*

0.6 – 2.5 years of experience

Foundational skills*

• Exposure to US regulatory reports such as FRY-9C, FRY-14Q/M, FFIEC031, FRY-15, FFIEC 009 or EMEA regulatory reports like COREP, FINREP & AnaCredit.
• Experience in analyzing SQL code through either writing the code to match business requirements or validation of code to ensure it executes the business requirements.
• Advanced tool skills in working with large data sets to identify anomalies in the data, in addition to standard knowledge of Microsoft software (Excel, Word, Power Point) including advanced excel functions such as pivot tables, V-lookup, etc.
• Strong communication skills to support partnership across multiple line of business, finance and technology teams.

Desired skills

• Prior experience in Audit, Financial Reporting or Finance Data Management Organizations
• Ideal candidate should have a general comprehension of both GAAP and Regulatory Reporting for large banks.

Work Timings:11:30 am to 8:30 pm

Mumbai / Gift City