BA Continuum - TL

Overview

Bank of America is one of the world's largest 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.

BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide.

We’re 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.

BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America

Global Markets Operations & Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data.

Job Description

About the Process

GCSO (Global Custody & Securities Operations) process services LaSalle bank customers providing Custodial and DP services to its clients. It basically provides back office services including Trade capture, Settlements (DTC / FED), Income Collections / Corp Actions, Securities Litigations, Money market instruments, and Wires processing. Covers both EMEA and North American region.

Responsibilities

- Look to input/verify trade instructions received from LOB into accounting application.

- Ensure timely settlement of these instructions with relevant monitoring & updating of outstanding trades

- Process Income payments received from Depositories into Global Plus accounts

- Liaise with Chicago and Hyderabad Operations area for books and cash movements

- Act upon trade instructions received via a central mailbox from Chicago/Hyderabad team.

- Responsible for ensuring that all payment instructions received by the team are efficiently and correctly processed to ensure that payments reach clients with good value.

- Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.

- Undertake necessary steps to ensure that any required reporting requests are fulfilled.

- Trade Settlements administration with a good working knowledge of EUCLID / similar platform for a Clearing House.

- Understanding of account funding/cash management.

- Familiarization with functioning of Depositories.

- Understanding of reconciliation process and research asset breaks.

- Organized, efficient, self managed in key areas. Able to work under pressure & tight deadlines.

Requirements:

This role requires a candidate to be highly communicative and guide others in day-to-day activities, consistently meet deadlines working under pressure to do so and additionally, present new ideas for improved methods of working and contribute to putting them into action. The candidate must be a self-starter, well motivated, energetic and enthusiastic about the success of their team. Additionally, the candidate must be willing to take responsibility for the team in the absence of the manager. He/she should be in a position to direct fellow colleagues and guide where necessary. Additionally, the candidate must report and escalate where required to other senior managers in the absence of the team manager.

Good to Have Skills: Working knowledge of MS Excel and PowerPoint presentation.

Education Qualification : B.Com/ MBA (Finance)

Shift Timings - 18:30 to 03:30

Shift Type - (Rotational Shifts/Fixed): Fixed

Experience - 5 – 6 years