Team Leader - Derivatives Collateral Operations

Bank of America

Location: Hyderabad, Telangana, India

Category: Finance

Salary: 1,000,000 - 1,500,000 INR / yearly

Full-time

Job Description

Join Bank of America as a Team Leader in the Derivatives Collateral Operations department. Be part of a diverse and inclusive workplace that offers competitive benefits to support physical, emotional, and financial well-being.

Responsibilities

New agreement setups in margining application to facilitate daily exposure feed based on Agreement terms
Verification of call details and exchange margin call notices with clients
Follow-up on margin calls due for payment and verification of settlement instructions
Month end interest settlements with clients on collateral balances
Daily reconciliation and resolution of margin call disputes
Maintenance of data for effective dispute resolution
Generate and publish daily control reports
Monitoring of security balances and allocating securities based on prioritization list
Reconciliation of collateral balances and publishing breaks reports

Qualifications

Education: Graduation/PG
Experience Range: 8+ Years
Foundational skills: Excellent communication skills, Strong knowledge of investment banking and capital markets, Logical and analytical skills
Desired skills: Experience in OTC/Repo/F&O Derivative Collateral Management, Reconciliations/Margin Management, Knowledge of regulations such as Dodd Frank, EMIR, CFTC

Why Join Us?

Bank of America offers a great career with opportunities to learn, grow, and make an impact. Join us to be part of a globally recognized organization committed to Responsible Growth.