Bank Of America Team Leader 

India, Telangana, Hyderabad 

240069579

Process Overview

Bank of America (BAC) has a policy for Global Futures & Options (“GF&O”) that states counterparty accounts should have specific pre-trade execution limit as required by Commodity Futures Trading Commission (CFTC) as well as exchanges and for any relevant front-end execution systems.

The Function support ETD rate and break management, covering APAC, EMEA and AMRS regions.

Reconciliation is an internal function within GBSI that does ETD Reconciliation between our books and CCP (Exchanges & clearing fee) across AMRS, EMEA and APAC markets.

Job Description

There will be ad hoc requests or queries from management, traders and internal clients that will require an investigative and inquisitive mind to support and handle them professionally at the highest service level. This position will require a positive attitude and ability to work in a team environment.

The individual has to be self driven and has the ability to question status quo and initiate small change work improvements on any manual processes that he/she comes across.

Responsibilities

• Fees, Exchange and Carry Broker Reconciliation
• Quick escalation of system and connectivity issues to Tech team, minimizing downtime of the recon process
• Team orientated environment, associates empowered and encouraged to put forward suggestions for the continual enhancement and development of Procedures and Controls
• Strict adherence to documented procedure, task trackers, whilst carrying out all task
• Handle internal and external queries, either verbal or email, on a timely and accurately
• Effective escalation of issues to management
• Identifying process weaknesses, flagging communication issues to/from clients
• Work closely with internal teams such as the Reconciliation & Control Team and the Client Services Representatives (CSR) Team to resolve breaks

Education :Any Graduation

• Certifications If Any: NA

8-10 years

Foundational Skills

• Meticulous, team player and able to perform under pressure
• Independent, strong analytical skills, someone who can resolve issue by understanding the root cause and effect.
• Detail-oriented aptitude with a high degree of accuracy
• Responsible and accountable
• Strong communication skills
• Conversant in MS Words and Excel (macros inclusively)
• Able to work on public holidays, late night, early morning and staggered hours
• Investment banking knowledge
• End to end Derivatives knowledge
• Excellent written & verbal communication skills

Desired Skills

• Understands GMI, and Exchange platforms, previous understanding of GMI, ETD Clearing & ETD Reconciliation.
• Analytical skills
• Presentation skills
• Advanced MS Office

Work Timings :8:30 PM to 5:30 AM IST