Bank of America India | Team Leader

Responsibilities

• The Stock Loan Associate/Manager is responsible for overseeing and executing daily Stock Loan Operations, including settlements, reconciliations, collateral management, break resolution, and regulatory support.
• In addition to core processing responsibilities, the role manages team workflow, provides oversight, ensures adherence to control standards, and partners with stakeholders to drive process improvements and risk mitigation.
• Execute associated collateral movements and ensure accuracy in cash and securities flows.
• Perform daily reconciliation to ensure 100% balancing of cash and position activity.
• Post necessary Stock Record adjustments to clear exceptions.
• Support daily booking of stock loan transactions and pricing updates.
• Oversee daily workflow and task allocation for Stock Loan Operations staff.
• Monitor team performance, ensuring SLAs, cutoffs, and control requirements are met.
• Provide coaching, guidance, and performance feedback to team members.
• Conduct daily huddles and operational checkpoint calls.
• Ensure adherence to internal policies, regulatory standards, and SEC recordkeeping requirements.
• Review and approve daily reconciliations, Stock Record adjustments, and exception resolutions.
• Identify operational risks and implement mitigating controls.
• Partner with Front Office, Collateral, Middle Office, and Technology teams to resolve issues and align processes.
• Serve as the escalation point for complex breaks, settlement delays, or counterparty discrepancies.
• Support internal and external audit and regulatory inquiries by preparing required documentation.
• Maintain complete and compliant operational records per regulatory retention timelines.
• Identify automation, process optimization, and control‑enhancement opportunities.
• Collaborate with Technology/GSL MAPS teams on system enhancements, UAT, and production rollouts.
• Lead training sessions, ensure SOPs are updated, and drive continuous improvement initiatives.
• Interact closely with stock loan teams in various locations, settlement teams and corporate action teams.
• Create managerial reports, workload statistics, and provide value-added analysis to the business.
• Prepare documentation/requests for onshore review and responses to all internal and external inquiries.
• Process mark‑to‑market (MTM) updates via manual and automated platforms.
• Interface with external agents (BNY, JPM, DTC, Loanet) as required.

Education : B COM/ mba/bba/bca

• Prioritize, investigate and add commentary to contract compare breaks.
• Experience Range : More than 3 years.
• Good comm. Skills, Analytical Skills, Time Management and Excel.

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)