Team Developer

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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

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.

Job Description

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.

Responsibilities

• 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 to 6 years of experience
  
  

• 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