Bank Of America Sr Operations Manager 

India, Haryana, Gurugram 

157673637

Job Description

The Collateral Operations Unit monitors daily margining for customers across various products (Rates, Commodity, Structured Credit, Equity, Foreign Exchange, and Repo, Futures & Options). The Counterparty’s net exposure is evaluated each morning in order to determine collateral requirement.

Responsibilities

• Supervise a team of employees towards achieving all the above objectives – train / guide / coach team members.
• Effective communication: deliver transparent, concise, and consistent messaging while influencing and leading - drive change across teams. Partner with individual contributors and onshore partners regarding capacity planning, performance & development, skill sets, learning opportunities.
• MIS, reporting of operational and trading exposures to management.
• Accountable for understanding, interpreting, and communicating regulatory reporting requirements as well as for ensuring that all report submissions conform to regulator instructions.
• Responsible for establishing an adequate control environment to assess accuracy and completeness of reports. Establish priorities to ensure timely and accurate completion and escalate and resolve issues.
• Working across lines of business, participate in process risk assessments and the rollout of standard Risk Framework on controls and processes, and determine gaps and exposure.
• Design and publish appropriate metrics for operations control.
• Working closely with clients/margin management teams in setting up client valuation reporting.
• Address client demands and questions on portfolio valuations.
• Generate and publish daily control reports including MTM Swings, cash/security fails, zero MTM, Stale prices, open aged calls, etc.
• Setting up agreements for margin management
• Take responsibility for front-ending the relationships with the Line of Business Teams and Leaders, and further build / expand the capabilities.

Requirements

• Education : UG/PG
• Certifications if any : NA
• Experience Range : 15+ years

Foundational Skills

• Minimum 5 or more years of previous management/supervisory experience
• Ability to work effectively and collaboratively with peers and multiple levels of management.
• Excellent communication skills (both verbal and written)
• Strong knowledge of investment banking, capital markets & Derivatives
• logical and analytical skills
• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure
• To be flexible in their attitude and approach, and be willing to work extra hours during the week with overflow of volume and to provide cover for holidays planned and unplanned.
• To be able to communicate effectively, and clearly escalate queries to clients and Onshore Team verbally and written.
• Maintain established productivity levels as per SLA

Desired Skills

• Experience in Reporting, ISDA/CSA agreement setups, client valuation, OTC/Repo/F&O Derivative Collateral Management/Portfolio Reconciliations/Margin Management
• Knowledge of regulations such as Dodd Frank, EMIR, CFTC, etc would be and added advantage
• Market knowledge on Derivatives & Fixed income, recent trends and global changes

01:30 PM IST - 12:30 AM IST (any 9 hours window)