Team Leader - Regulated

Team Leader - Regulated

Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

 Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

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. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

Structured Products Calc Agent Team is responsible for Calculations on life cycle events and processing the Ratefix Notices that occur on Structured Products. Read the Termsheets/ Pricing Supplements of these products and discern the kind of life cycle events that occur and reconcile with Booking Systems.  Team interacts with upstream to downstream groups as well as with Middle Office for any amendment or corrections.

Team also interacts with External Stakeholders such as Issuers, IPA and Clearers regarding the life cycle events processed.

Job Description

Structured Products Calc Agent Team provides associates a unique opportunity to learn and understand how OTC products are built by trading in the market right from trade booking to settlement stage. It provides the candidates a flavor of how changes in the market attribute to the trading volume and the way Terms and conditions are laid out for the investors regarding cashflow payments.

Calc Agent Team is responsible for Calculations on life cycle events on the Structured Products. By reading the Termsheets/ Pricing Supplements on the life cycle event date we determine what kind of event/s it could be and match our calcs with Booking Systems. 

Associates are required to partner/collaborate with internal and external stakeholders such as, Sales/Trading/Review Teams, Legal, Middle Office, Issuing Paying Agents etc. to ensure that all the regulatory and internal controls requirements are fulfilled in timely manner and Ratefixes are sent as per defined SLA.

The associates are expected to maintain good turnaround time and accuracy across life cycle event monitoring, amendments, resolution, and factor updates. Associates are expected to understand the product types and system capabilities to ensure smooth BAU.

Responsibilities

• Work on tasks related to life cycle event of Structured Product, Fixed Income, Equity and Derivatives.

• Operational support to Trading Desks/Products including: Notes, Warrants and Certificates across various programs.

• The role involves liaison with Treasury, internal and external counsel, Issuers, Agents, Clearing Systems and entails the coordination of several support units ensuring that the business receives a quality one-stop service.

• Perform self-review of data inputted in the back office systems.

• Ability to perform in a periodically changing process

• Comfortable to work in multiple systems at the same time

• Eye for detail and must be procedure focused to adhere to the Policy guidelines.

• Excellent organizational skills are required with the ability to prioritise workload, work accurately and efficiently under pressure.

• To be flexible in their attitude and approach; have a strong desire to learn from day to day scenarios.

Requirements

• Education – Graduate and Preferably MBA with Finance Background

• Certification If any - CFA, FRM or Any Finance related certifications

• Experience Range – Experience in a middle office support functions or operations function for derivative products with a total experience of 6+ years

Foundation skills

• Hands on understanding of Global Markets/Investment Banking business and basic knowledge of Structured Products, Trade Life cycle events

• Strong analytical skills, mathematical ability, verbal, and written communication skills

• Attention for detail and must be quick learner to adapt to new systems/procedural change

Desired skills:

• Hands on understanding of Process Controls, Risk in Global Markets, Regulations

• Strong understanding of all asset classes, product line, Fixed Income and Equity products

• Hands on understanding of MS Office applications

• Learning agility, self-driven and ability to work under pressure and in complex environment

Work Timings: 13:30 to 22:30 IST (UK Shift)

Job Location: Hyderabad/Mumbai

Experience Level

Senior Level