Job Description
Team Leader
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 Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, and Client & Product Data.
This role is part of Global Markets Operations and Middle office (GMOMO) – Transaction Reporting Operations
Job Description
Transaction Reporting Operations are responsible for ensuring the completeness, accuracy and timeliness of the Bank’s transaction reporting obligations across multiple global regulatory jurisdictions. Completeness, accuracy and timeliness controls are the primary responsibility of 2 core functions within the Transaction Reporting Operations team. The Submission Control function is responsible for the daily submissions and exception processing, which mean that the team monitor, investigate and chase MO/FO/Tech teams for the root causes on the trades which are not getting reported within the compliance time for Rates, Credit, FX, and Equities. The Enhanced Quality Assurance team perform post process testing to validate the completeness, accuracy, and timeliness of the transaction reports submissions through performing reconciliations and targeted deep dive thematic testing.
The below tasks form part of the daily processing across the Transaction Reporting Operations team.
Pre and Post submissions exception handling Analysis, interpretation, escalation and logging of Transaction Reporting operational control issues Generation and interpretation of supporting metrics for TRO Tracking and Reporting Operation Control issues, gaps and overall status Reconcile the trading events between FO and Regulators to ensure there is no over-reporting or under-reporting Quality assurance checks
Responsibilities
Ensuring the completeness, accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes (e.g. SFTR, Dodd Frank, EMIR, MIFID/MIFIR, etc.)
Generate daily reports and analyze patterns to derive meaningful information
Management BAU reporting and issue resolution
Remaining current on the Regulatory Reporting landscape to ensure the firm’s reporting remains in step with changes in regulatory environment
Responsible for working closely with GTR and Industry Working Groups(WG)
Host WG calls with various internal groups to implement the industry/regulatory changes for MAS, HKMA and other Asian jurisdictions
Track the progress of the implementation of changes and work closely with various team in FO/MO/Dev teams and Reporting Dev team
Responsible to document the changes and work closely with the compliance teams
Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO/MO/Tech to fix them
Requirements
Qualification : Graduation/Post Graduation Certification if any: CFA/FRM Experience : 5 to 7 Years
Foundational skills
Front to back business acumen across multiple asset classes
Good derivatives product knowledge
A good understanding of Regulatory Transaction Reporting
Proactive and self starter
Excellent organizational and analytical skills
Ability to work well with and communicate with others, from teammates to executives
Ability to juggle multiple work efforts and to quickly change direction as needed
Desired Skills:
Strong influencing skills
Adapts to changes and has a proven track record of working as part of a global team
Shifts: 12.30 to 21.30
Location: Hyderabad
Learn more about this role
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 Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, and Client & Product Data.
This role is part of Global Markets Operations and Middle office (GMOMO) – Transaction Reporting Operations
Job Description
Transaction Reporting Operations are responsible for ensuring the completeness, accuracy and timeliness of the Bank’s transaction reporting obligations across multiple global regulatory jurisdictions. Completeness, accuracy and timeliness controls are the primary responsibility of 2 core functions within the Transaction Reporting Operations team. The Submission Control function is responsible for the daily submissions and exception processing, which mean that the team monitor, investigate and chase MO/FO/Tech teams for the root causes on the trades which are not getting reported within the compliance time for Rates, Credit, FX, and Equities. The Enhanced Quality Assurance team perform post process testing to validate the completeness, accuracy, and timeliness of the transaction reports submissions through performing reconciliations and targeted deep dive thematic testing.
The below tasks form part of the daily processing across the Transaction Reporting Operations team.
Pre and Post submissions exception handling Analysis, interpretation, escalation and logging of Transaction Reporting operational control issues Generation and interpretation of supporting metrics for TRO Tracking and Reporting Operation Control issues, gaps and overall status Reconcile the trading events between FO and Regulators to ensure there is no over-reporting or under-reporting Quality assurance checks
Responsibilities
Ensuring the completeness, accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes (e.g. SFTR, Dodd Frank, EMIR, MIFID/MIFIR, etc.)
Generate daily reports and analyze patterns to derive meaningful information
Management BAU reporting and issue resolution
Remaining current on the Regulatory Reporting landscape to ensure the firm’s reporting remains in step with changes in regulatory environment
Responsible for working closely with GTR and Industry Working Groups(WG)
Host WG calls with various internal groups to implement the industry/regulatory changes for MAS, HKMA and other Asian jurisdictions
Track the progress of the implementation of changes and work closely with various team in FO/MO/Dev teams and Reporting Dev team
Responsible to document the changes and work closely with the compliance teams
Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO/MO/Tech to fix them
Requirements
Qualification : Graduation/Post Graduation Certification if any: CFA/FRM Experience : 5 to 7 Years
Foundational skills
Front to back business acumen across multiple asset classes
Good derivatives product knowledge
A good understanding of Regulatory Transaction Reporting
Proactive and self starter
Excellent organizational and analytical skills
Ability to work well with and communicate with others, from teammates to executives
Ability to juggle multiple work efforts and to quickly change direction as needed
Desired Skills:
Strong influencing skills
Adapts to changes and has a proven track record of working as part of a global team
Shifts: 12.30 to 21.30
Location: Hyderabad
Learn more about this role
💡 Quick Summary
Seeking a career-building opportunity? The Team Leader position is now open for candidates interested in the Bank Jobs sector. This role in Hyderabad 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.
