Bank of America India | Team Leader R

Responsibilities

• We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
• Money Market Reconciliation is responsible for reconciling Trading/IOTP (Investment Only Transmission Platform) trading activity and Cash Operations funding/money movement for all money funds and bank products.
• Custody Reconciliation is primarily responsible for the position reconciliation of Mutual Fund holdings offered on the MLPF&S platform.
• In addition to creating and saving the daily exposure report, processors will be assigned Fund Groups they will be responsible for reconciling.
• Managed Account Recon is responsible for all manual reconciliations of managed accounts and the activity within them, daily.
• This individual should be comfortable in a fast-paced, detail-oriented environment and is dedicated to maintaining the highest standards of accuracy and Turn around time.
• The candidate is expected to resolve queries and provide support to the team in critical situations.
• Sense of urgency and attention to detail are pivotal competencies required to perform the functions.
• The candidate must be proficient in Excel with the ability to complete multiple formula functions.
• The candidate must have communication skills including written communication as the processor will need to work with both internal and external teams to perform the reconciliation.
• Critical thinking skills are a must as breaks can occur for a variety of reasons due to the nature of Managed Account strategies.
• The candidate must have the ability to understand ledger balances and various transaction activities to perform accurate reconciliations.
• This is an extremely high risk and high dollar value reconciliation (Daily balances include Billions of Dollars).
• Complete daily deadlines in a timely manner.
• The processors will need to use critical thinking to decipher internal transactions compared to external activity that occurred at the Fund.
• The processors will need to know how to decipher and compare House Account statement and client transactions.
• Provide a high level of quality service, support, and responsiveness and communicate effectively.
• Perform & review assigned month-end close responsibilities and prepare internal management reports.
• Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Requirements

• The candidate should have good understanding of Booking keeping, Journal Entries, Reconciliation.
• Strong communication and interpersonal skills and ability to change communication style based on the audience.
• Strong knowledge in MS Office products including MS Excel, PowerPoint.
• Attention to details and drive for accuracy.
• Ability to work well under pressure.
• Any certification in finance or banking.
• Basic banking, Reconciliation and Wealth management knowledge.
• Good communication and listening skills.
• Strong analytical skills with great attention to details.
• Excellent interpersonal skills, positive attitude, team-player.
• Good knowledge with Microsoft Excel & PPT.

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)