Job Description

: About Us At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We\'re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services Process Overview. The Global Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions. The Trade Control teams are split in varied locations across New York, London, Chester, Singapore, Charlotte and India. The primary internal clients will be Front Office and Middle Office however there will interaction with Front Office traders can occur over time as additional processes are transitioned. The primary responsibility is to ensure, issues arising with a trade either at execution, expiry or throughout the lifecycle of the trade are escalated and resolved on T+0/T+1. Trade support is responsible for tracking the trade flow and making sure that there is an element of risk management and control. This team identifies errors and raises them to the desk. Verify accuracy of risk and P&L required for trading. Oversee end to end reconciliations of firm positions and trade bookings. Partner with other FO/MO and BO teams globally to resolve issues. Active participation in new business initiatives and large scale system transformation and migrations projects. . The incumbent in this role will act as Trade Control Specialist in India The candidate needs to have a strong understanding of the Trade Life cycle with adequate experience in Trade and Product Control processes Ensures that trade support is OCC compliant by ensuring team processes and procedures are up to date, accurate and evolving. Strong Products knowledge of Rates, Credit & Equities Strong Reconciliation knowledge Ensuring timely delivery of MO/FO critical reports to various stake holders Should possess a Risk mind set and analytical ability Needs to identify and question process inherent gaps and partner in solutioning Ability to build and manage relationships with varied functional stakeholders globally Responsibilities Business Results Anticipates risks and obstacles and devises plans to manage them Pursues aggressive goals and continuously raises performance expectations to achieve excellence Appreciates the cost impact of actions and is commercial in decision making Promotes continuous learning and development Personal Effectiveness Takes personal ownership for delivering superior services to clients Makes tough decisions when they are needed and acts quickly in getting things done Demonstrates the courage to express or defend unpopular decisions Maintains a constructive, positive outlook even when plans are thwarted Planning and Organization Manages own time well, agreeing priorities. Multi-tasks effectively, work well under pressure and meets tight and changing deadlines. Organizes and runs effective meetings and workshops Communication Skills Communicates clearly and concisely, verbally and in writing, at all levels within the organization n Requirements. Education . Post Graduate - Ideally Chartered Accountant or MBA Finance Certifications if any : NA Experience Range. Overall experience of 7+ years with 3+ years of experience in Trade Support function within an Investment Banking or Buy Side environment. Foundational skills. Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk Ability to work autonomously and deliver results in a high pressured environment Logical approach to problem solving and ability to priorities multiple tasks Proven analytical skills including data reconciliation and interpretation Strong attention to detail and accuracy with an ability to notice minor discrepancies / issues Ability to identify and deliver process improvements Relationship management skills Reconciliation skills Stakeholder management Structured and logical thinker Strong assertiveness, listening, influencing and diplomacy skills Desired Skills : Flexible Shift: 6:30 PM to 3:30 AM Location : Hyderabad

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