Bank Of America Team Leader 

India, Tamil Nadu, Chennai 

860343800

Job Description

• Understand how the trades for various assets classes have been booked on the BAML models

•It is essential that potential candidates have a high level of attention to detail and a good grasp of the Domain understanding to review the conditions set out in the booking tool. The candidate will need be aware of different, potential scenarios that a trade is cancelled or edited or missing feed

•Understand trade flow from front to back perspective

•The candidate will need to understand how the trade is being risk managed and to review the booking within the context of BAML booking policies. This will form part of monitoring and control process.

•Good Understanding of Accounting Principle and PnL Balance sheet adjustments

Responsibilities

• Performing BAU T+1 and SD+1 Front to Back Reconciliations.
• Work closely with Front Office, Trade Support, Finance and other Operation Groups to resolve breaks
• Performing daily MIs and KRIs
• Break reporting and governance
• Month-end reconciliation between Subledger and General Ledger
• Research and resolution of breaks in multiple reconciliation
• Escalate aged breaks across various recons performed in Equities to Senior Management.
• Maintenance of various recon processes performed in EMEA and AMRS.
• Accounting sign-offs for accounts under ownership by substantiating subledger and general ledger balances.
• Become proficient in the reconciliation process and the different system flows
• Analyzing why trades are not matched in the recon tool on a T+1 or VD+1 basis
• Liaising with internal stakeholders and external client to remediate root causes
• Change mind-set, leading and delivering upon change initiatives within the context of the reconciliation function
• Partner with the other regional teams to help move this team into a true global service model
• Pro-actively challenge the status quo, identify and drive change to improve upon the current model

Requirements

• Education – Graduate and Preferably MBA with Finance Background
• Certification If any - Any Finance related certifications
• Experience Range – Experience in a middle office support functions or operations function for derivative products with a total experience of 5+ years

Foundational skills

• Hands on understanding of Global Markets/Investment Banking business and basic knowledge of derivatives Products, Trade Life cycle events
• Strong analytical skills, mathematical ability, verbal, and written communication skills
• Attention for detail and must be quick learner to adapt to new systems/procedural change

Desired skills:

• Hands on understanding of Process Controls, Risk in Global Markets, Regulations
• Strong understanding of all asset classes, product line, Fixed Income and Equity products
• Hands on understanding of MS Office applications
• Learning agility, self-driven and ability to work under pressure and in complex environment

13:30 to 22:30