Assistant Manager - R

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 delivers a wide range of securities products and services, powerful sales and trading capabilities and deep risk management expertise across asset classes. Closely aligned with GCIB's client-managed groups, Global Markets product specialists anticipate and meet the needs of more than 13,000 clients across 13 time zones and six continents.

Job Description :

As part of the Bank of America Merrill Lynch GMSO (Global Markets Shared Operations) Quartz Control, the incumbent will be an integral part of a multi-disciplinary team whose mandate will be to deliver industry leading Front-to-Back process and technology solutions. Acting as a change agent, he/she will manage a variety of value-driven initiatives on Quartz Control project. Use his/her knowledge of processes and best practices within Reconciliation, Finance/Middle-Office Operations and project management to assist in identification, assessment and resolution of complex issues/problems. Assist in executing the enterprise-wide direction for GMSO Quartz Control and Operations functions. As a member in the group, he/she will support front-to-back integration and Quartz Control initiatives and be accountable for driving change and executing successful implementations.

This incumbent will be required to work out of BA Continuum India Ltd (A Non Banking Subsidiary of Bank of America) which has more than 15,000 employees working across offices in Gurgaon, Mumbai, Hyderabad and Chennai

Responsibilities:

As a member of Quartz Control team within Global Markets Initiatives, responsibilities will include the following:

• Part of a team involved in the set up and scale up of various control reports aiding reconciliation between legacy systems and target strategic system

• To perform day to day reconciliation and analyze breaks arisen from reconciliation reports to ensure proper controls are in place to reduce the risk

• Partner closely with different Technology teams and other internal and external stakeholders to resolve the unexplained breaks and providing overview of Quartz Control system and its functionality

• Candidate need to work through full project life-cycle from envisioning, defining business requirements, analysis, testing and implementation

• Will be expected to translate business priorities and requirements into actionable, structured, project plans.

• Communicate with stakeholders on daily basis, keep them abreast of status of the project and take appropriate actions based on their inputs

• Provide initiatives and requirements for improving the reconciliations efficiency and reliability.

• MIS reporting for senior management and relevant stakeholders

• Help in process automation using available technology at hand- SQL/VBA/Python

• Education:
  • Post Graduate/ Master's Degree in Accounting/Finance (preferable)

• Certifications (If Any) : NA
• Experience :
  • 5+ years performing business analysis/definition and support large projects and business change.
  • Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.
  • Stake holder management (internal & external) across regions / functions / lines of business.

• Good understanding of financial products, basic IT infrastructure and Middle Office / Back Office processes & procedures
• Excellent verbal and written communication/presentation skills.

• Strong project management skills, including the ability to prioritize work and meet deadlines and work in a highly matrixed organization.
• Knowledge of programming skills like / Python/ SQL will be an added advantage.
• Familiarity with Investment Banking products and Banking Regulations, Front and Middle Office trade operations, end-to-end trade lifecycle.