Bank of America India | Team Leader

Responsibilities

• The STR or Structured Trade Review Team is part of the Global Middle Office (GMO) Team.
• Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies.
• Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking.
• Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments.
• Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades.
• Identify issues and control gaps in existing infrastructure.
• Work with technology team to streamline our processes and enhance data integrity and control.

Requirements

• Strong adaptability skills to to keep the focus on delivering for the business & client whilst minimizing time spent on low value additive activities.
• Strong technical skills to understand the products and business.
• Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income, intuitive understanding of derivative Pricing, knowledge of Financial Risk Management.
• Post Graduation or an equivalent qualification (CFA, FRM or Any Finance related certifications).
• Experience in a middle office support functions or operations function for OTC derivative products with a total experience of 3-7 years.
• Understanding of Investment Banking Products from a Middle Office or Back Office background.
• Strong communication skills across all levels of seniority especially with the Trading desk.
• Proven analytical skills including data reconciliation and interpretation.
• Demonstrate good Excel skills (macros, formulas) and VBA coding skills & Understanding of emerging technologies.

Bank of America

Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.

Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.

• Industry: Banking and financial services
• Headquarters: Charlotte, North Carolina, USA
• In India: Corporate and investment banking, plus operations and technology centres in Mumbai, Hyderabad, Chennai and GIFT City (Gandhinagar)