Senior Team Member - R

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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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

Product Data Services or Security Master Team is responsible for setting up Fixed Income securities like Corporate Bonds, Municipal Bonds, Mortgage Back Securities, and Treasuries etc on the back-office systems to facilitate the trades to flow into various upstream and downstream systems across the Enterprise. Team also maintains the Fixed Income securities with updating the latest rates, factor, prices and ratings information to facilitate correct interest and principal calculations in the downstream accounting systems.

Job Description

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

Responsibilities

Setup and maintenance of Securities – Debt and Equity

Use vendor databases – Bloomberg and IDSI to pull up security details for security set-up or updation

Setting up the Security per vendor database and respond to requestor within specified Turn Around Time

Perform daily, weekly and monthly tasks on rates and factor updates for variable rate and factored bonds. Research on vendor databases for this information

Perform self-review of data inputted in the back office systems. Ensure secondary review for such data is performed by the assigned reviewer in the process

Strong analytical, verbal and written communication skills

Must be quick learner to adapt to new systems and procedural change

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

Certifications If Any – NCFM

Experience Range – 3 to 6 years of experience

Foundational skills

Hands on understanding of Global Markets business and Product Data Services

Strong analytical, 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

Strong understanding of all asset classes

Hands on understanding of MS Office applications

Work Timings

17:30 PM to 2:30 AM IST

Job Location

Gandhinagar, Hyderabad