Senior Manager
Bank of America
Hyderabad, Telangana
Hyderabad, India
Job number: 19048428
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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 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:
Within Global Markets, FICC and Derivatives Core Operations (FDCO) teams are the primary interface to our FICC Trading partners for all post-trade operations. FDCO performs end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses. Within FDCO, the teams provide multiple services such as FICC trade control (which includes trade validation, trade maintenance, break resolution and system reconciliation), FX electronic matching and settlement, OTC derivative confirmation & settlement (which includes confirmation of OTC derivative transactions across multiple asset classes via electronic and paper flows and settlement of cross asset class derivative cash flows), commodities operations (including paper confirmation issuing chasing & indexing and cash & physical settlements) and loan operations (including end-to-end support of loan trading, primary syndications, structured lending, and whole loans)

Job Description

The position will be the Operational Risk and control Lead for the function in India, driving sustainable risk culture. The lead is required to strategize plans for strengthening internal controls, enhance Quality Assurance thereby reducing the operational risk. She/he is responsible to review and evaluate the effectiveness and efficiency of the systems and processes, reliability of reporting, compliance with policies and procedures, applicable laws and regulations.

She/He should have exposure /understanding of Global Markets (Foreign Exchange/ Derivatives/ Middle Office Operation) in an offshore environment and thorough understanding of the Banking systems, internal control and reporting processes.

Responsibilities

Enabling process owners to identify and monitor Key Risk & Control indicators with established triggers and limits.
Ensuring Quality Assurance is implemented in adherence to GT&O QA minimum standards.
Periodic testing of key controls for critical functions, and supporting gap remediation as needed
Support delivery teams on Issues management and Audit management
Supporting day to day relationship management and communications with business partners at various levels of the organization, as well as other Enterprise Control Functions (ECFs).
Excellent Communication skills both written & spoken
Excellent People Management skills
Excellent Client Relationship skills
Analytical thinking & logical reasoning for rational decision making
An understanding of Project Management and Six Sigma concepts & tools
Understanding of Business Continuity Management
Encourage two way communication with the team
Requirements

Education: Graduate/Post Graduate/ MBA/ CA/ ICWA/ CS
Experience Range: 16–18 years

Mandatory skills:
Good understanding of FX & Derivatives Upstream and Downstream flow
Ability to work effectively in a cross-cultural environment with significant ambiguity, and successfully adjust one's actions or behaviors to adapt to rapid changes and shifting priorities.
Evaluation of governance routines/policies/procedures to ensure internal & external compliance;
Capable of organizing and managing ad-hoc cross-functional teams.
Should be able to write and verbally communicate effectively

Desired skills:
Should be flexible for any shift as he/ she is expected to manage the global teams.
Work Timings: Depends on Region he / she manages (EMEA)

Job Location: Hyderabad

Posting Date: 23/07/2019

Location:
Hitec City, Madhapur - Building 5A, Mindspace, Raheja IT Park
  • India