Job Description
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
Global Markets Technology & Operations provides end-to-end technology solutions for Markets business including Equity, Prime Brokerage, Interest Rates, Currencies, Commodities, Derivatives and Structured Products. Across all these products, solutions include architecture, design, development, change management, implementation and support using various enterprise technologies. In addition, GMT&O provides Sales, Electronic Trading, Trade Workflow, Pricing, and Market Risk, Middle office, Collateral Management, Credit Risk, Post-trade confirmation, Settlement and Client service processes for Trading, Capital Markets, and Wealth Management businesses. ERTF – CFO is responsible for the technology solutions and platforms that support Chief Financial Officer (CFO) Group, including Global Financial Control, Corporate Treasury, Financial Forecasting, Enterprise Cost Management, Investor Relations and Line of Business Finance functions (BFO).
Job Description
The Business Analyst for the Business Finance functions (BFO) team is responsible for supporting the design, implementation, and maintenance of the technology solutions that provides end-to-end technology solutions for Markets business including Equity, Prime Brokerage, Interest Rates, Currencies, Commodities, Derivatives and Structured Products. This includes the participation in projects and on demand analysis for the screening systems for customers, transactions, and counterparties, ensuring compliance with international sanctions regulations, and working closely with compliance, risk and operations teams to continuously enhance detection effectiveness and regulatory adherence.
Responsibilities
Identification and analysis of a Business Need and development of one or more Alternative Business Solutions by gathering, analyzing and documenting functional and non-functional requirements
Translation of the Business Requirements into System Requirements, which describe what the system, process, or product must do to fulfill the business requirements
Make the System Requirements understandable and acceptable to IT developers, QA and UAT Analysts
Assist with user acceptance testing activities
Develops and presents artifacts describing the Business Requirements including, as appropriate: Presentations and Charts, Process Flows, Data models, Use Cases, Other Requirements Documents as appropriate to document and communicate the Requirements
May also be responsible for tracing the requirements during implementation to ensure that the developed system is consistent and in scope with the determined system requirements
Drive User Story generation across business and technology teams to support a healthy backlog of capability development within assigned project scope
Act quickly on issues and requests associated with business needs using the appropriate escalation path
Knowledge of subledger systems
Knowledge of Control books, cost center and Business Units for line of business
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes
Requirements
Education
Bachelor’s degree or above in Engineering / MBA
Certificates if any: NA
Experience Range
6-8+ years with at least 3+ years’ experience in Global Markets
Foundational skills
3+ years of Banking and Financial Services experience and held a finance analysis position in an international environment with extensive knowledge of working in a Global Markets.
Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
The individual should have a proven track record of working and experience of business analysis with a comprehensive expertise in strategic planning for flawless delivery.
Experience coupled with a demonstrated ability to lead technology-based change.
Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
Desired skills
Alteryx / Python / Tableau knowledge would be an added advantage.
Must be proactive and be a highly motivated self-starter
Effective communication skills with English proficiency
Demonstrated ability to work in a high pressure environment
Takes initiative and challenges existing processes and procedures in a proactive manner
Strong team player
Ability to analyze issues independently and derive solutions
Analytical skills
Inherent sense of principles of control through experience and sound judgment
Reliability
Work Timings: 10:30am to 07:30pm
Job Location: Chennai
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
Global Markets Technology & Operations provides end-to-end technology solutions for Markets business including Equity, Prime Brokerage, Interest Rates, Currencies, Commodities, Derivatives and Structured Products. Across all these products, solutions include architecture, design, development, change management, implementation and support using various enterprise technologies. In addition, GMT&O provides Sales, Electronic Trading, Trade Workflow, Pricing, and Market Risk, Middle office, Collateral Management, Credit Risk, Post-trade confirmation, Settlement and Client service processes for Trading, Capital Markets, and Wealth Management businesses. ERTF – CFO is responsible for the technology solutions and platforms that support Chief Financial Officer (CFO) Group, including Global Financial Control, Corporate Treasury, Financial Forecasting, Enterprise Cost Management, Investor Relations and Line of Business Finance functions (BFO).
Job Description
The Business Analyst for the Business Finance functions (BFO) team is responsible for supporting the design, implementation, and maintenance of the technology solutions that provides end-to-end technology solutions for Markets business including Equity, Prime Brokerage, Interest Rates, Currencies, Commodities, Derivatives and Structured Products. This includes the participation in projects and on demand analysis for the screening systems for customers, transactions, and counterparties, ensuring compliance with international sanctions regulations, and working closely with compliance, risk and operations teams to continuously enhance detection effectiveness and regulatory adherence.
Responsibilities
Identification and analysis of a Business Need and development of one or more Alternative Business Solutions by gathering, analyzing and documenting functional and non-functional requirements
Translation of the Business Requirements into System Requirements, which describe what the system, process, or product must do to fulfill the business requirements
Make the System Requirements understandable and acceptable to IT developers, QA and UAT Analysts
Assist with user acceptance testing activities
Develops and presents artifacts describing the Business Requirements including, as appropriate: Presentations and Charts, Process Flows, Data models, Use Cases, Other Requirements Documents as appropriate to document and communicate the Requirements
May also be responsible for tracing the requirements during implementation to ensure that the developed system is consistent and in scope with the determined system requirements
Drive User Story generation across business and technology teams to support a healthy backlog of capability development within assigned project scope
Act quickly on issues and requests associated with business needs using the appropriate escalation path
Knowledge of subledger systems
Knowledge of Control books, cost center and Business Units for line of business
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
Partner with GBAM Finance LOB executives to evaluate current process design, identify opportunities for efficiency and drive adoption of agreed changes
Requirements
Education
Bachelor’s degree or above in Engineering / MBA
Certificates if any: NA
Experience Range
6-8+ years with at least 3+ years’ experience in Global Markets
Foundational skills
3+ years of Banking and Financial Services experience and held a finance analysis position in an international environment with extensive knowledge of working in a Global Markets.
Should have good understanding of financial markets, Derivatives & structured notes-their hedging, funding, credit risk etc.
The individual should have a proven track record of working and experience of business analysis with a comprehensive expertise in strategic planning for flawless delivery.
Experience coupled with a demonstrated ability to lead technology-based change.
Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
Desired skills
Alteryx / Python / Tableau knowledge would be an added advantage.
Must be proactive and be a highly motivated self-starter
Effective communication skills with English proficiency
Demonstrated ability to work in a high pressure environment
Takes initiative and challenges existing processes and procedures in a proactive manner
Strong team player
Ability to analyze issues independently and derive solutions
Analytical skills
Inherent sense of principles of control through experience and sound judgment
Reliability
Work Timings: 10:30am to 07:30pm
Job Location: Chennai
💡 Quick Summary
Seeking a career-building opportunity? The Software Engineer II A - GBS IND position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
