Team Leader

Job Description

Team Leader Gurugram, India Additional locations See less :

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. Were 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

GCOR Trade Surveillance team monitors firms 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 GCOR Trade surveillance will work very closely with the GCOR Regional Trade Surveillance teams to conduct surveillance efforts on equity, fixed income and derivatives trading.

Individuals will be part of the GBS - GCOR - 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:

• Working experience in monitoring market abuse and manipulation across all asset classes viz. EQ, FICC, & CFO.
• Participate in periodic review and update of test scripts.
• Identify, aggregate, report and escalate compliance risks, issues, and surveillance enhancements.
• Assist in enhancing and tuning surveillance scenarios, ensuring coverage of emerging risks and products.
• Act as a senior subject matter expert in trade surveillance, assisting other associates with alert management.
• 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.
• Create and present LOB/GBS Executive presentations, including routine and monthly business reviews.
• Train and set up a strong, fungible /Cross trained pool of resources within the GBS IBS team.
• Liaising with upper management, preparing, and presenting monthly business reviews to senior management.
• Managing day to day process requirements.
• Managing employee conflict.
• 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 departments needs.

Requirements

Experience: 2 5 yrs

Education: Any Graduate

Certification: NCFM Certificated would be an added advantage

Foundational 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: Gurugram

Learn more about this role

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