Assistant Manager
Published date: 2024/01/12
- Location: Mumbai, Mumbai, Maharashtra, India
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
GBAM Trade Surveillance team monitors firm’s trading activity from a market abuse/market manipulation perspective. Global trade surveillance activities are designed to adhere to financial services laws, rules and regulations to determine whether key controls are operating as intended and are effective in terms of mitigating compliance risk (e.g. compliance policy, standard or procedure). Continuous surveillance of business activities is performed through automated systems (SMARTS, Actimize etc.) and filters. Surveillance is also performed through patterns and trends analysis, and manual reviews.
This team in EIT Trade surveillance will work very closely with the EIT Regional Trade Suverillance teams to conduct surevillance efforts on equity, fixed income and derivatives trading.
Job Description
Individuals will be part of the Enterprise Independent Testing (EIT) Trade Surveillance group supporting one of the global regions US, EMEA, APR, LATAM or Canada. Individual will be responsible for monitoring trading activities across multiple asset classes for market abuse and market manipulation. The individuals will also be responsible for investigating potential compliance issues with multiple levels of management for appropriate disposition and regulatory reporting.
Responsibilities :
• Act as an SME for the team and conduct regular training session on the process related topics.
• Work as the backup for the team manager by handling allocation and process related queries.
• Conduct training session for the new joiners in the team and also act as a buddy to them till they get hands on with the models.
• Conduct trade surveillance to monitor market abuse and market manipulation across asset classes (equity, fixed income and derivatives trading)
• Perform trade surveillance for alerts for restricted and watch listed securities.
• Monitor trading activity using various exceptions based reports.
• Analyze T+1 trading data on trade surveillance platforms for potential compliance issues.
• Investigate potential compliance issues with management and document findings.
• Work with the global compliance teams to document findings and regulatory reports.
• Analyze and organize data, identifying any trends in a timely manner.
• Maintain accurate, organized and current compliance records and documentation in a manner consistent with the department’s needs.
• Work with global teams to reduce the ageing scenarios and maintain TAT.
• Constant interaction with Line of Business compliance teams on various projects and surveillance related initiatives.
Requirements
Education: Post Graduate in any field
Certifications: NCFM Certifications will be an added advantage
Experience Range:
• 6-8 years of experience in Trade Surveillance, capital markets operations with a thorough understanding of trade life cycle
Mandatory Skills:
• Strong product knowledge in capital markets, Understanding of Fixed income products/Derivatives and structured product
• Excellent English written and verbal communication skills
• Experience in Pre-trade / Post-trade / Real Time Surveillance
• Strong analytical, interpersonal, organizational, and time management skills
• Experience with SMARTS / Actimize
• Excel skills and attention to detail
• Strong Team Player
Shift Timings: IST 12.30 PM to 09.30 PM
Location: Mumbai / Gift City Gandhinagar
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
GBAM Trade Surveillance team monitors firm’s trading activity from a market abuse/market manipulation perspective. Global trade surveillance activities are designed to adhere to financial services laws, rules and regulations to determine whether key controls are operating as intended and are effective in terms of mitigating compliance risk (e.g. compliance policy, standard or procedure). Continuous surveillance of business activities is performed through automated systems (SMARTS, Actimize etc.) and filters. Surveillance is also performed through patterns and trends analysis, and manual reviews.
This team in EIT Trade surveillance will work very closely with the EIT Regional Trade Suverillance teams to conduct surevillance efforts on equity, fixed income and derivatives trading.
Job Description
Individuals will be part of the Enterprise Independent Testing (EIT) Trade Surveillance group supporting one of the global regions US, EMEA, APR, LATAM or Canada. Individual will be responsible for monitoring trading activities across multiple asset classes for market abuse and market manipulation. The individuals will also be responsible for investigating potential compliance issues with multiple levels of management for appropriate disposition and regulatory reporting.
Responsibilities :
• Act as an SME for the team and conduct regular training session on the process related topics.
• Work as the backup for the team manager by handling allocation and process related queries.
• Conduct training session for the new joiners in the team and also act as a buddy to them till they get hands on with the models.
• Conduct trade surveillance to monitor market abuse and market manipulation across asset classes (equity, fixed income and derivatives trading)
• Perform trade surveillance for alerts for restricted and watch listed securities.
• Monitor trading activity using various exceptions based reports.
• Analyze T+1 trading data on trade surveillance platforms for potential compliance issues.
• Investigate potential compliance issues with management and document findings.
• Work with the global compliance teams to document findings and regulatory reports.
• Analyze and organize data, identifying any trends in a timely manner.
• Maintain accurate, organized and current compliance records and documentation in a manner consistent with the department’s needs.
• Work with global teams to reduce the ageing scenarios and maintain TAT.
• Constant interaction with Line of Business compliance teams on various projects and surveillance related initiatives.
Requirements
Education: Post Graduate in any field
Certifications: NCFM Certifications will be an added advantage
Experience Range:
• 6-8 years of experience in Trade Surveillance, capital markets operations with a thorough understanding of trade life cycle
Mandatory Skills:
• Strong product knowledge in capital markets, Understanding of Fixed income products/Derivatives and structured product
• Excellent English written and verbal communication skills
• Experience in Pre-trade / Post-trade / Real Time Surveillance
• Strong analytical, interpersonal, organizational, and time management skills
• Experience with SMARTS / Actimize
• Excel skills and attention to detail
• Strong Team Player
Shift Timings: IST 12.30 PM to 09.30 PM
Location: Mumbai / Gift City Gandhinagar
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