Team Developer Jobs Vacancy in Bank America Hyderabad
Bank America Hyderabad urgently required following position for Team Developer. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.
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Team Developer Jobs Vacancy in Bank America Hyderabad Jobs Details:
Job number: 18009507
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Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for the individuals, businesses and institutional investors we serve worldwide. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.
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.
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.
Setup and maintenance of Securities – Debt and Equity
Use vendor databases – Bloomberg and IDSI to pull up security details for security set-up or updation
Setting up the Security per vendor database and respond to requestor within specified Turn Around Time
Perform daily, weekly and monthly tasks on rates and factor updates for variable rate and factored bonds. Research on vendor databases for this information
Perform self-review of data inputted in the back office systems. Ensure secondary review for such data is performed by the assigned reviewer in the process
Strong analytical, verbal and written communication skills
Must be quick learner to adapt to new systems and procedural change
Ability to perform in a periodically changing process
Comfortable to work in multiple systems at the same time
Eye 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.
Education – Graduate and Preferably MBA
Certifications If Any – NCFM
Experience Range – 3-5 yrs for Team Developer
Hands on understanding of Global Markets business and Product Data Services Strong analytical, verbal and written communication skills Attention for detail and must be quick learner to adapt to new systems/procedural change
Hands on understanding of Process Controls Strong understanding of all asset classes Hands on understanding of MS Office applications
20:30 to 05:30 IST
Shift could vary on business requirements and resourcing needs.
Posting Date : 19/02/2018
Location : Hyderabad, , RAHEJA IT PARK, MINDSPACE, - India