CA Experienced 1-2yrs required as Officer, Ops Sr Analyst MKTS Bank Of America

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Officer, Ops Sr Analyst MKTS, Global Technology and Operations

Mumbai, India

Job number: MUM03321

Job description

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. Bank of America Merrill Lynch is the marketing name for its international businesses and is a long-established participant in Asia Pacific with a presence since 1947. With 23 offices in 12 geographies, covering nine currencies, more than a dozen languages and five time zones, the company offers an integrated and comprehensive set of products and services across Global Corporate & Investment Banking, Global Markets and Wealth Management, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.



Responsibilities
Manage the day to day FX and Derivatives operations
Ensure the accuracy of the trades booked by the traders – verification & reconciliation and follow up with trader for changes in case of discrepancy
Execute Settlements for all the trades flowing into the system and liaise with local partners including the Middle Office, the Traders, the counterparties, etc. in case of any discrepancies, thereby ensuring no ledger-breaks post settlement
Timely Confirmation/Settlement of Foreign Exchange/Option trades as per the regulatory cut-offs
Maintain strong internal control and productivity standards
Be conversant with internal and external policy guidelines relating to products handled, promptly identify deviations and exceptions and resolve/escalate in a timely manner.
Participate in various process/productivity improvement initiatives and new products / system implementations
Responsible for the analysis and resolution of operations problems and initiatives requiring exception handling
Participate in projects and/or introduction of new initiatives, systems, products/services and processes
Evaluate and mitigate operational risk
Interact with industry participants
This role typically requires experience in operations functions and a thorough working knowledge of the operational aspects of transactions and products

Requirements
Qualifications

CA/MBA/Graduate with at least 1-2 years experience in banking operations.
 
Skills
 
Sincere, bright, committed and keen to take on additional responsibility
Ability to communicate one’s point of view
Strong understanding of accounting principles
Strong PC skills
Ability to work against stiff deadlines and manage work pressure
Experience in back-office processes relating to FX and OTC Derivatives products would be an added advantage.
Posting Date: 18/08/2014
Location: Mumbai
Full / Part-time: Full Time