Bank Of America Senior Manager 

India, Tamil Nadu, Chennai 

904125662

Job Description

The current role is for the AMRS Settlements Team and below is the description of the role.

Settlements

• Ability to understand and take appropriate action across multiple work streams like Fixed income Settlements, Trade Processing, client queries and post trade exceptions.
• Review, investigate and revert on queries from internal and external clients.
• Review and analyze the daily reports/metrics to identify any deviation or inconsistency and highlight the same to the management.
• Seek to identify and provide solutions to process improve tasks and service provided.
• Ability to identify potential issues in the process and develop remediation on the same.
• Lead short term-long term projects in partnership with onshore and track until completion.
• Ability to identify and mitigate the existing/upcoming risks in the process. Liaising with ORC partners for implementing the appropriate controls to mitigate the risk.

Responsibilities

• Monitoring settlement status, following up with concerned parties including external custodian banks and internal client service groups.
• Investigating/following up any breaks for Depots/Nostro Following up any queries from internal/external parties
• Monitoring of buy-in trades
• Fail Management, Inventory Management
• Manual Cash Payments and journal entry
• Functional and regression testing for GFIO settlement processes.
• Preparation and maintenance of various KPI reporting including performing data or business driven deep dive analysis.
• Understand business requirements and translate those into deliverables. Support the business on periodic and ad-hoc projects.
• Managing risk: managing and reducing risk, proactively identify risks, issues and concerns and manage controls to help drive responsible growth (ex: Compliance, procedures, data management, etc.), establish a risk culture to encourage early escalation and self-identifying issues.
• Perform weekly/monthly/quarterly end review and controls.
• Contributing towards department efforts in the areas of constant process improvement, improving productivity etc.

• Work on process improvements, industry initiatives impacting confirmations and STP / automation initiatives.
• Responsible for clearing of items on the daily exception reports, report & escalate the exceptions /issues to management in timely manner.
• Ensuring timely delivery of critical reports to various stake holders

Requirements

• Education: CA/MBA/BBA
• Certifications If any : NA
• Experience Range: 12-14 years

Foundational skills:

• Strong domain experience in in equities, fixed income settlements and reconciliations
• Evaluating and bringing in the efficiency in existing testing process.
• Participate in meetings/walkthrough session/group meetings.
• Excellent Communication skills written and verbal.
• Ability to prioritize work and meet deadlines and work in a highly matrixed organization.
• Stake holder management (internal & external) across regions / functions / lines of business.
• Experience in test management and functional testing.
• Ability to manage a team and ensure work completion within stiff time deadlines.
• Good Computer, Analytical & Accounting skills

Desired skills:

• Good understanding of Global Capital Markets especially for Securities Upstream and Downstream flow
• Ability to work effectively in a cross-cultural environment with significant ambiguity, and successfully adjust one's actions or behaviors to adapt to rapid changes and shifting priorities.
• Evaluation of governance routines/policies/procedures to ensure internal & external compliance.
• Candidate must also have good written and oral communications skills.
• Ability to prioritize and multi-task when faced with multiple deadlines.
• Organized and able to multi-task in a fast-paced environment
• Excellent interpersonal skills; positive attitude; team player; flexible
• Willingness to learn and adapt to changes.
• Proactively recognize and recommend solutions to process inefficiencies.
• Sound decision making capability.
• Client focused individual with the drive to exceed expectations.
• Results oriented individual with good problem-solving skills.
• Eye for detail and Out of the Box Thinking

06:30pm - 03:30am