Assistant Manager - Equity Derivatives Reconciliation

Bank of America

Location: Chennai, Tamil Nadu, India

Category: Finance

Salary: 0 - 0 INR / monthly

Full-time

Job Description

Join Bank of America's Global Business Services team in Chennai as an Assistant Manager for Equity Derivatives Reconciliation.

Responsibilities

Performing BAU T+1 and SD+1 Front to Back Reconciliations.
Work closely with Front Office, Trade Support, Finance and other Operation Groups to resolve breaks.
Performing daily MIs and KRIs.
Break reporting and governance.
Month-end reconciliation between Subledger and General Ledger.
Research and resolution of breaks in multiple reconciliation.
Escalate aged breaks across various recons performed in Equities to Senior Management.
Maintenance of various recon processes performed in EMEA and AMRS.
Accounting sign-offs for accounts under ownership by substantiating subledger and general ledger balances.
Become proficient in the reconciliation process and the different system flows.
Analyzing why trades are not matched in the recon tool on a T+1 or VD+1 basis.
Liaising with internal stakeholders and external client to remediate root causes.
Change mind-set, leading and delivering upon change initiatives within the context of the reconciliation function.
Partner with the other regional teams to help move this team into a true global service model.
Pro-actively challenge the status quo, identify and drive change to improve upon the current model.

Qualifications

Education: Graduate and Preferably MBA with Finance Background.
Certification: Any Finance related certifications.
Experience Range: 5+ years.

Foundational Skills: Hands on understanding of Global Markets/Investment Banking business and basic knowledge of derivatives Products, Trade Life cycle events. Strong analytical skills, mathematical ability, verbal, and written communication skills. Attention for detail and must be quick learner to adapt to new systems/procedural change.
Desired Skills: Hands on understanding of Process Controls, Risk in Global Markets, Regulations. Strong understanding of all asset classes, product line, Fixed Income and Equity products. Hands on understanding of MS Office applications. Learning agility, self-driven and ability to work under pressure and in complex environment.

Why Join Us?

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!