Team Developer

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 US MLPFS Settlements is segregated into 2 different markets Domestic International US MLPFS settlement team supports Domestic Settlements in US region International Settlements in Canada Latin America region across different products like Equities Fixed Income ADR and ETF The India team will support the MLPFS Settlements to facilitate various securities settlement support services for both domestic and international trades settling within Merrill Lynch Pierce Fenner Smith MLPFS but specific to the following activities FED Settlements DTC settlements Buy-ins and international settlements covering Canada and US markets TBA Factor Coupon Responsibilities Liaising with Brokers Client for confirmation of trades Responding to Adhoc queries from internal and external clients Performing Pair off Reprice activity Timely settlement of trades Interact with multiple stakeholders on day-to-day activities Investigation of any late settlement of trades and working with claims team Accurately processing the payment wires to clients Investigation of Breaks Perform all P O confirmations to the clients before TBA cycle date SSI set up for the missing accounts Preparation of reports Passing JE s to resolve internal breaks Requirements Education Bachelor s Degree with finance background Certifications If Any NA Experience Range 3-5 years Foundational skills Good understanding of accounting basics Journal Ledger Entries Balancing of accounts etc Good knowledge on BUY-ins and risks involved Confident in interacting with senior internal contacts Work in an organized manner and ensure all requests or actions are followed through to completion Ability to prioritize and utilize resources effectively to meet client requirements Desired skills English Fluency spoken and written required Excellent communication skills Good IT skills particularly Microsoft Excel Good analytical skills Strong team player with flexible approach and committed to success Good attention to detail Fast learner Work Timings 17 30-PM 02 30 AM 18 30 PM -03 30 AM Job Location Chennai