Job title: Software Engineer II A - GBS IND
Company: Bank of America
Job description: Job Description: Overview Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and othe Job Description: Overview Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide. . BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank. Process Overview Global Banking and Markets Technology (GBAMT) provides technology solutions for the Banking and Markets divisions of the Bank.Global Markets Technology provides end-to-end technology solutions for Global Markets businesses including Equities, 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.GMOT - Collateralconsists a suite of applications for margin management of collateral for OTC derivatives, REPOs, Futures and FIF's including margin calculation, issuance of margin calls, trade level reconciliations, dispute resolution, inventory management and reporting. Collateral technology supports the business process of pledging collateral between counterparties in various ways. Pledging cash and securities as collateral to secure performance of financial contracts is among the principal ways that parties to such contracts manage their risks. The India team engages with the LOB counterparts contributing towards strategic and BAU project deliverables Job Description Global Collateral Technology supports Collateral Management Operations, via a number of applications to enable the day-to-day functions of their business processes across four lines of businesses - OTC Derivatives, Fixed Income, Futures & Options (Exchange Traded Derivatives) and Prime Brokerage. The role will be dynamic, enabling you to participate as a Tester or Business Analyst in many projects and programs across the team, both initiative funded and business as usual, in their nature. With the Collateral Technology team being global in nature, this provides a number of benefits, including, but not limited to: A highly supportive working environment Access to special interest initiatives, such as volunteering and the environmental working group Ongoing Career progression and internal mobility This role will be located with the Collateral Technology team, based in Chennai.