Bank Of America Senior Team Member 

India, Telangana, Hyderabad 

404452099

Process Overview

Product Data Services process on legacy Merrill Lynch side does similar functions for Equity and equity related products like common stock, preferred, warrants, rights, equity options etc

Job Description

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

Responsibilities

• Setup and maintenance of Securities – Debt and Equity
• Use vendor databases – Bloomberg and IDSI to pull up security details for security set-up or updation
• Setting up the Security per vendor database and respond to requestor within specified Turn Around Time
• Perform daily, weekly and monthly tasks on rates and factor updates for variable rate and factored bonds. Research on vendor databases for this information
• Perform self-review of data inputted in the back office systems. Ensure secondary review for such data is performed by the assigned reviewer in the process
• Strong analytical, verbal and written communication skills
• Must be quick learner to adapt to new systems and procedural change
• Ability to perform in a periodically changing process
• Comfortable to work in multiple systems at the same time
• Eye for detail and must be procedure focused to adhere to the Policy guidelines.

• Excellent organizational skills are required with the ability to prioritise workload, work accurately and efficiently under pressure.
• To be flexible in their attitude and approach; have a strong desire to learn from day to day scenarios.

Requirements

• Education – Graduate and Preferably MBA

• Certifications If Any – NCFM

• Experience Range –2 to 5 years

Foundational skills

• Hands on understanding of Global Markets business and Product Data Services
• Strong analytical, 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
• Strong understanding of all asset classes
• Hands on understanding of MS Office applications

Shift Timings

04:30 PM to 01:30 AM