Bank of America India | Team Leader

Responsibilities

• Global Banking Operations teams are responsible for operations of commercial, corporate, investment banking and government clients, as well as small business and business banking clients.
• Team supports Collect Tax Documentation, Withhold/Remit Process, Affiliate Tax Form Requests and Legal Entity Classification.
• The individual will be a contributing member of the GBAM Ops Tax & Control team, responsible for delivery of high quality results on various mandates that the team is working in partnership with various teams within Operations, Technology and Finance.
• The incumbent needs to be exceptionally good with numbers and should be well versed with the excel operations
• Perform Tax Operations related tasks assigned as part of BAU delivery.
• Work closely with SMEs for knowledge transfer, process documentation and defining and building of controls to ensure smooth BAU delivery.
• Support ad-hoc requirements of testing and validation arising out of system conversions.
• Create and publish MIS reports to stakeholders on the exceptions and highlight the risk.
• Evaluate the reports from time to time, identify opportunities to improvise and drive changes.
• Act as project coordinator for various OpEx initiatives underway.
• Work with various teams to drive the agenda and report progress in a routine manner.
• Review change in reference data with potential Tax documentation impact.
• Withholding and Remittance - Calculating payments or applying withholding tax as applicable.

Requirements

• Knowledge about the Global Financial Markets and different financial products spread across the asset classes namely FX, Interest Rate, Equity, Commodity, Credit.
• Ability to quickly understand and drive Front-to-Back Workflow, articulate, understand full product / transaction life-cycle and execute assigned tasks.
• Excellent organizational skills to track multiple concurrent activities and keep leads updated on progress.
• Excellent Stake holder management (internal & external) across regions / functions / lines of business.
• Should be a keen learner and should be an initiative-taker.
• Experience - 0-4 years of experience in Operations delivery.
• Experience in US / International Tax Operations.
• Tax form solicitation, prior experience in Tax Documentation. (W8/W9/FATCA/CRS Forms).
• Ability to understand and drive Front-to-Back Workflow, articulate and understand full product / transaction life cycle.
• Excellent verbal and written communication/presentation skills.
• Effective communication skills: Incumbent is expected to engage with different senior stakeholders to discuss the under lying root cause of the issue.
• Qualification - Graduate in finance/related field.

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)