Bank of America India | Team Leader

Responsibilities

• Responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.
• Verification of call details originating from internal applications and exchange margin call notices with clients.
• Verification of settlement instructions before releasing cash /securities as collateral Month end interest settlements with clients on collateral balances.
• Responsible for monitoring and clearing items on the daily breaks/exception reports, Clearing aged breaks.
• Monitoring of security balances and allocating securities based on prioritization list to optimize utilization.
• Responsible for placing margin calls, performing reconciliation, and resolving disputes for repurchase agreements.
• Reconciliation of collateral balances for Repo, F&O and publishing breaks reports.
• Follow-up on margin calls due for payment where we do not have receipt of counterparty confirmation.
• Generate and publish daily control reports including MTM Swings, cash/security fails, zero MTM, Stale prices, open aged calls, etc.
• Maintain established productivity levels as per SLA.

Requirements

• Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database.
• Experience Range*: 6-8 Years (Exception Campus Placement).
• Excellent communication skills (both verbal and written).
• Strong knowledge of investment banking, capital markets & Derivatives.
• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.
• 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.

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)