20 Mar

Team Developer - Hyderabad - Bank America

Team Developer
Bank America
Hyderabad AP
20 Mar, 2017 30+ days ago

Bank America as the company that open the jobs vacancy, have some qualification and spesification especially for the Team Developer jobs vacancy. To find out more information and about qualification and spesification details, walkin interview schedule, the address of the company, the company contact info (email/phone number) of Bank America company, please start to apply for the job vacancy with fill the jobs application with click the 'Apply This Job' button below.

Overview * (Bank of America overview, BA Continuum India overview, Business Overview)
Bank of America is one of the world's largest 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. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide. 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.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

Process Overview *
The Stock Loan Associate in BACI will support the stock loan operational area in the following capacities
Process Intercompany transactions including, but not limited to; share and cash settlements for the MLPFS counterparty entity and MLI counterparty entity, collateral movement, margining of positions, fail research and resolution.
Research, Compile, and Reconcile stock loan breaks resulting from depot/blotter differences, cash offset breaks, DTC/Loanet breaks and breaks resulting from various blotter/AP breaks
Support the 5274 Repo process through the booking of borrows and loans in various systems and ensuring share movements through various streams
Maintain and record all activities in accordance to pre-established SEC record and retention format
Support regulatory and audit requests to both internal business partners and
External regulators expeditiously.

Job Description *
Agreement and processing of settled items with MLPFS and MLI counterparties and the subsequent collateral movement for such
Daily reconciliation of said movements to ensure 100% balancing of activity and cash
Process mark to market transactions either via manual or automated platforms
The ability to isolate cash, stock and other breaks daily and process necessary Stock Record adjustments to correct breaks due to various reasons
Navigate through vendor based and internal stock loan processing systems to process daily activity

Responsibilities *
Fail investigation and remediation for failing borrows and loans and returns
Interact closely with stock loan teams in various locations, settlement teams and corporate action teams
Prioritize, investigate and add commentary to contract compare breaks
Create managerial reports, workload statistics, and provide value-added analysis to the business.
Prepare documentation/requests for onshore review and responses to all internal and external inquiries (Office of General Council, SEC Audit etc.) within established timeframes.

Requirements *
Education * B COM/ MBA/BBA/BCA
Certifications If Any
Experience Range* More than 2 years
Mandatory skills * Good comm. Skills, Analytical Skills, Time Management and Excel
Desired skills * Settlements/ Stock Loan profiles
Work Timings *
17:30 – 3:30 IST – EMEA SHIFT

Job Location *

  • Mandatory Fields
Posting Date : 20/03/2017

Location : IN--Hyderabad

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