Team Developer

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.

• GL, Cash, Position and NOSTRO reconciliations
• Exception identification & reporting
• Weekly/Monthly reports
• preparation of daily/weekly/monthly reconciliations
• balancing
• reporting
• balance sheet netting calculations
• regulatory report compilations
• trading inventory maintenance
• balance sheet substantiation
• research, root cause analysis and resolution of exceptions

• Adherence to the SLA's - productivity, turnaround time, and accuracy
• Engage in improving processes through reengineering, system checks, process automation
• Performing Quality Check
• Act as a change agent and provide implementation assistance as and when the need arises
• Provide subject matter expertise on processes
• Update Manager on process performance and critical people issues
• Identify potential people issues amongst the team & resolve the same on a proactive basis
• Assist new hires such that they are productive on the floor in the shortest possible time frame
• Assess training needs, provide training opportunities and train new hires and existing staff
• Cross train Team Members

• Proven Experience on GL/Cash/Position & Nostro reconciliations
• Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations.
• End to End knowledge of Reconciliation procedures and Bank Reconciliation standards
• Understanding of regulatory requirements governing the reconciliations performed
• Knowledge of financial and capital markets (Fixed Income/Options/equity)
• Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.)
• Ability to liaise with key business partners
• Excellent oral & written communication skills
• Highly motivated individual with a diverse background in financial analysis
• Working knowledge in MS Office products including MS Excel, a must
• Attention to details and drive for accuracy
• Ability to work well under pressure
• Excellent problem solving & analytical skills

• Education : Graduation (Accounting)
• Certifications If any : NA
• Experience Range : 5 to 8 years

• Recon / Settlement background

• Proven Experience on GL/Cash/Position & Nostro reconciliations
• Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations
• End to End knowledge of Reconciliation procedures and Bank Reconciliation standards
• Understanding of regulatory requirements governing the reconciliations performed
• Knowledge of financial and capital markets (Fixed Income/Options/equity)
• Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.)
• Ability to liaise with key business partners
• Excellent oral & written communication skills
• Highly motivated individual with a diverse background in financial analysis
• Working knowledge in MS Office products including MS Excel, a must
• Attention to details and drive for accuracy
• Ability to work well under pressure
• Excellent problem solving & analytical skills