Bank of America New Recruitment Drive 2015

Bank Name : Bank of America

Designation : Team Developer

Qualification: B.Com Hons or MBA Finance

Experience: 2 – 5 years

Location: Hyderabad

Salary : As Per Industry

Job Description:
This is a great opportunity for someone looking to gain experience in the world of Derivatives. The associate will be part of the Rates Settlements team working in a fast paced and time sensitive environment.

Process deals with confirming & settling the cash flows for the trades dealt across OTC on value date (only Rates product).

Trades that are input by the Front Office people (Traders) appear in the Back office queue in Cash Manager. Team is required to confirm all cash flows prior to settlement date within currency cut-offs. Verification of correctness of cash flows & Settlement instructions are done via telephone & email confirmation with client. Team also interacts with Trade Support groups, external clients & other groups, to resolve discrepancies and makes payment before currency cut-offs.

Responsibilities:
• Verification of cash flows between front office & back office application.
• Confirm cash flow details with client via phone or email along with Settlements instruction.
• Investigating discrepancies/exceptions if any, when compared to clients cash flow, and liaising with our business partners, external clients and various trading desks.
• Manual creation of adhoc payments as & when required.
• Agree netting of trades, and settlement thereof.
• MIS, reporting of operational and trading exposures to management.
• Working closely together with Static data team, Settlements, Traders, and clients to ensure accurate information is updated within our processing database.
• Responsible for clearing of items on the daily exception accounting reports.
• Maintain established productivity levels as per SLA.
• Ensure that all established procedures are followed.
• Meet or exceed all deadlines given as per SLA.
• Excellent organizational skills are required with the ability to prioritize daily workload, work accurately and efficiently under pressure.
• To be able to communicate effectively, and clearly escalate queries to Onshore Confirmations Team verbally and written.
• To be flexible in their attitude and approach, and be willing to work extra hours during the week with overflow of volume and to provide cover for holidays planned and unplanned.
• To be able to communicate effectively, and clearly escalate queries to Onshore Confirmations Team verbally and written.
• To be flexible in their attitude and approach, and be willing to work extra hours during the week with overflow of volume and to provide cover for holidays planned and unplanned.

Required skills:
• Rates Settlements experience
• Good Communication
• Excellent written skills for any correspondence with business partners
• Exposure to or demonstrated interest in financial markets
• A strong sense of ‘team’ is essential as is a flexible & enthusiastic
• MS Office proficient and strong IT application skills along with the energy
• Ability to learn new systems

Desired skills:
• Be able to work on own initiative.
• Be able to work under pressure
• Experience of an operational environment, or trade processing

Apply Mode: Online

Last Date To Apply: ASAP On Next 15 Days

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