Job Description

: Overview Bank of America is one of the world\xe2\x80\x99s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*
Global Markets Operations &Middle Office provides operations support to the Global Markets Business
of BAML. Key Business activities include back office and middle office operations related to securities,
derivatives, futures, options, currencies (FX) and commodities. Key functions in the middle office
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.
*
Derivatives Collateral Operations manages the margining for the OTC, Repo Derivatives & Foreign Exchange businesses and Repo agreements. Collateral Management is a tool to control & reduce the bank\'s credit exposure risk on Derivative trades. 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\xe2\x80\x99s net exposure is evaluated each morning in order to determine collateral requirement. Margin Calls are made and received by Collateral Analyst and collateral exchanged. Team is also responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.
Responsibilities*
\xef\x82\xb7 New agreement setups in margining application to facilitate daily exposure feed based on
Agreement terms
\xef\x82\xb7 Verification of call details originating from internal applications and exchange margin call notices
with clients
\xef\x82\xb7 Follow-up on margin calls due for payment where we do not have receipt of counterparty
confirmation
\xef\x82\xb7 Verification of settlement instructions before releasing cash /securities as collateral
\xef\x82\xb7 Month end interest settlements with clients on collateral balances
\xef\x82\xb7 Daily reconciliation, investigation and resolution of margin call disputes/discrepancies.
\xef\x82\xb7 MIS, reporting of operational and trading exposures to management
\xef\x82\xb7 Maintenance of data in relation to points of contact internal and external and additional
information necessary to effectively and efficiently resolve disputes
\xef\x82\xb7 Working closely together with Static data team, Settlements, Traders, and clients to ensure
accurate information is updated within our processing database
\xef\x82\xb7 Responsible for monitoring and clearing items on the daily breaks/exception reports, Clearing
aged breaks
\xef\x82\xb7 Generate and publish daily control reports including MTM Swings, cash/security fails, zero MTM,
Stale prices, open aged calls, etc.
\xef\x82\xb7 Monitoring of security balances and allocating securities based on prioritization list to optimize
utilization
\xef\x82\xb7 Responsible for placing margin calls, performing reconciliation and resolving disputes for
repurchase agreements
\xef\x82\xb7 MIS, reporting of operational and trade exposures to management, liquidity and regulatory
reporting
\xef\x82\xb7 Reconciliation of collateral balances for Repo, F&O and publishing breaks reports

Requirements*

• Education* : UG/PG

Certifications if any: NA
- Experience Range*- 6-8 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/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

Work Timings* 06:30 AM IST - 03.30 PM IST
Job Location* Hyderabad Job Band: H7 Shift: Hours Per Week: 45 Weekly Schedule: Referral Bonus Amount: 0