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.

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!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

Product Data Services or Security Master Team is responsible for setting up Fixed Income securities like Corporate Bonds, Municipal Bonds, Mortgage Back Securities, and Treasuries etc on the back-office systems to facilitate the trades to flow into various upstream and downstream systems across the Enterprise. Team also maintains the Fixed Income securities with updating the latest rates, factor, prices and ratings information to facilitate correct interest and principal calculations in the downstream accounting systems.

Product Data Services process on legacy Merrill Lynch side does similar functions for Equity and equity related products like common stock, preferred, warrants, rights, equity options etc

Job Description

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

Responsibilities

Setup and maintenance of Securities – Debt and EquityUse vendor databases – Bloomberg and IDSI to pull up security details for security set-up or updationSetting up the Security per vendor database and respond to requestor within specified Turn Around TimePerform daily, weekly and monthly tasks on rates and factor updates for variable rate and factored bonds. Research on vendor databases for this informationPerform self-review of data inputted in the back office systems. Ensure secondary review for such data is performed by the assigned reviewer in the processStrong analytical, verbal and written communication skillsMust be quick learner to adapt to new systems and procedural changeAbility to perform in a periodically changing processComfortable to work in multiple systems at the same timeEye for detail and must be procedure focused to adhere to the Policy guidelines.Excellent organizational skills are required with the ability to prioritise workload, work accurately and efficiently under pressure.To be flexible in their attitude and approach; have a strong desire to learn from day to day scenarios.

Requirements

Education – Graduate and Preferably MBA

Certifications If Any – NCFM

Experience Range – 2 to 5 years

Foundational skills

Hands on understanding of Global Markets business and Product Data ServicesStrong analytical, verbal and written communication skillsAttention for detail and must be quick learner to adapt to new systems/procedural change

Desired skills

Hands on understanding of Process ControlsStrong understanding of all asset classesHands on understanding of MS Office applications

Shift Timings

04:30 PM to 01:30 AM

Job Location

Hyderabad