Bank Of America Team Developer 

India, Telangana, Hyderabad 

322883016

Process Overview

include trade control, product control and balance sheet management. While in the operations groups the key functions are Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data management.

Responsibilities

· New agreement setups in margining application to facilitate daily exposure feed based on Agreement terms

· Verification of call details originating from internal applications and exchange margin call notices with clients

· Follow-up on margin calls due for payment where we do not have receipt of counterparty confirmation

· Verification of settlement instructions before releasing cash /securities as collateral

· Month end interest settlements with clients on collateral balances

· Daily reconciliation, investigation and resolution of margin calldisputes/discrepancies.

· MIS, reporting of operational and trading exposures to management

· Maintenance of data in relation to points of contact internal and external and additional information necessary to effectively and efficiently resolve disputes

· Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database

· Responsible for monitoring and clearing items on the daily breaks/exception reports, Clearing aged breaks

· Generate and publish daily control reports including MTM Swings, cash/security fails, zero MTM, Stale prices, open aged calls, etc.

· Monitoring of security balances and allocating securities based on prioritization list to optimize utilization

· Responsible for placing margin calls, performing reconciliation and resolving disputes for repurchase agreements

· MIS, reporting of operational and trade exposures to management, liquidity and regulatory reporting

· Reconciliation of collateral balances for Repo, F&O and publishing breaks reports

Requirements*

: Graduation/PG

Certifications if any : NA

: 8+ Years

Foundational skills:

• Excellent communication skills (both verbal and written)
• Flexible to work in night shifts
• 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 OTC/Repo/F&O Derivative Collateral Management/Portfolio
• Reconciliations/MarginManagement
• 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

06:30 AM IST - 03.30 AM IST