Team Developer Chennai, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba\_continuum/job/Chennai-Tamil-Nadu/Team-Developer\_25021370) **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** Accurately reconcile various General Ledger, Cash, Position & NOSTRO accounts on a daily/weekly/monthly basis in accordance with established procedures and time frames, utilizing the Reconciliation system to balance the accounts. Research and assist operating areas with resolving all open items, escalating any aged items to the concerned business unit. Participate in weekly and monthly reporting that is sent to Regulatory Reporting. The associate will perform the following functions: + GL, Cash, Position and NOSTRO reconciliations + Exception identification & reporting + Weekly/Monthly reports + preparation of daily/weekly/monthly reconciliations + balancing + reporting + balance sheet netting calculations + regulatory report compilations + trading inventory maintenance + balance sheet substantiation + research, root cause analysis and resolution of exceptions **Job Description** + Adherence to the SLA’s – productivity, turnaround time, and accuracy + Engage in improving processes through reengineering, system checks, process automation + Performing Quality Check + Act as a change agent and provide implementation assistance as and when the need arises + Provide subject matter expertise on processes + Update Manager on process performance and critical people issues + Identify potential people issues amongst the team & resolve the same on a proactive basis + Assist new hires such that they are productive on the floor in the shortest possible time frame + Assess training needs, provide training opportunities and train new hires and existing staff + Cross train Team Members **Responsibilities** + Proven Experience on GL/Cash/Position & Nostro reconciliations + Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations. + End to End knowledge of Reconciliation procedures and Bank Reconciliation standards + Understanding of regulatory requirements governing the reconciliations performed + Knowledge of financial and capital markets (Fixed Income/Options/equity) + Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.) + Ability to liaise with key business partners + Excellent oral & written communication skills + Highly motivated individual with a diverse background in financial analysis + Working knowledge in MS Office products including MS Excel, a must + Attention to details and drive for accuracy + Ability to work well under pressure + Excellent problem solving & analytical skills **Requirements** + **Education :** Graduation (Accounting) + **Certifications If any** : NA + **Experience Range** : 5 to 8 years **Foundational Skills:** + Recon / Settlement background **Desired Skills:** + Proven Experience on GL/Cash/Position & Nostro reconciliations + Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations + End to End knowledge of Reconciliation procedures and Bank Reconciliation standards + Understanding of regulatory requirements governing the reconciliations performed + Knowledge of financial and capital markets (Fixed Income/Options/equity) + Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.) + Ability to liaise with key business partners + Excellent oral & written communication skills + Highly motivated individual with a diverse background in financial analysis + Working knowledge in MS Office products including MS Excel, a must + Attention to details and drive for accuracy + Ability to work well under pressure + Excellent problem solving & analytical skills **Work Timings:** 12:30 PM IST to 06:30 AM IST (any 9 hours window) **Job Location:** Chennai Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.