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Team Leader

Bank of America

Bank of America

Multiple locations
Posted on Thursday, June 6, 2024

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*

Payables: The Brokerage team processes invoices received from Brokers for trading on behalf of Merrill Lynch/Bank of America. The process involves reconciliation of trades in Merrill Lynch/BOA trade records and investigating the discrepancies. Verify commission rates against rates schedules, and liaise with the sales/trade desks and Brokers if there are any discrepancies. The process covers brokerage payable for products like Foreign Exchange, Credit Derivatives, Rates Derivatives, Fixed Income, Commodities and Futures.

Receivables: Consists of receivables in which we charge a commission and generate invoices to institutional clients. Other key activities include forecasting, tracking, follow ups and reporting.

Job Description*

  • Ensuring timely payment of the assigned brokers/invoices
  • Review calls with key brokers to close of any open issues
  • Resolving queries on brokerage mismatches with trade desk, traders, business managers and brokers
  • Ability to drive processing of high volume requests and meets daily deadlines. Must have a team player perspective & be able to communicate confidently

Responsibilities*

  • Ensuring timely payment of the assigned brokers/invoices
  • Review calls with key brokers to close of any open issues
  • Resolving queries on brokerage mismatches with trade desk, traders, business managers and brokers
  • Ability to drive processing of high volume requests and meets daily deadlines. Must have a team player perspective & be able to communicate confidently

Requirements*

  • Education*
  • Graduate in Commerce
  • Certifications If Any
  • Experience Range* 5-7 years
  • Foundational skills*
  • Understanding of financial markets
  • Good communication skills- written and verbal
  • Working knowledge of MS Excel
  • Desired skills*
  • Exchange Traded Derivatives or OTC brokerage reconciliation experience (Payables/Receivables)

Work Timings*

11:30 AM - 20:30 PM

Work Location*

GGM / GIFT City