Team Leader

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

Accurately reconcile various General Ledger, Cash, Position & NOSTRO accounts on a daily/weekly/monthly basis in accordance with established procedures and time frames, utilizing the Reconciliation system to balance the accounts. Research and assist operating areas with resolving all open items, escalating any aged items to the concerned business unit. Participate in weekly and monthly reporting that is sent to Regulatory Reporting.

The associate will perform the following functions:

GL, Cash, Position and NOSTRO reconciliations

Exception identification & reporting

Weekly/Monthly reports

preparation of daily/weekly/monthly reconciliations

balancing

reporting

balance sheet netting calculations

regulatory report compilations

trading inventory maintenance

balance sheet substantiation

research, root cause analysis and resolution of exceptions

Job Description

Adherence to the SLA’s – productivity, turnaround time, and accuracy

Engage in improving processes through reengineering, system checks, process automation

Performing Quality Check

Act as a change agent and provide implementation assistance as and when the need arises

Provide subject matter expertise on processes

Update Manager on process performance and critical people issues

Identify potential people issues amongst the team & resolve the same on a proactive basis

Assist new hires such that they are productive on the floor in the shortest possible time frame

Assess training needs, provide training opportunities and train new hires and existing staff

Cross train Team Members

Responsibilities

Proven Experience on GL/Cash/Position & Nostro reconciliations

Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations.

End to End knowledge of Reconciliation procedures and Bank Reconciliation standards

Understanding of regulatory requirements governing the reconciliations performed

Knowledge of financial and capital markets (Fixed Income/Options/equity)

Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.)

Ability to liaise with key business partners

Excellent oral & written communication skills

Highly motivated individual with a diverse background in financial analysis

Working knowledge in MS Office products including MS Excel, a must

Attention to details and drive for accuracy

Ability to work well under pressure

Excellent problem solving & analytical skills

Requirements

Education

Minimum Accounting Graduation

Certifications If any : NA

Experience Range 5 to 8 years

Foundational skills:

Recon / Settlement background

Desired skills:

Proven Experience on GL/Cash/Position & Nostro reconciliations

Should have been performing Reconciliation preparer, reviewer responsibilities for all types of reconciliations

End to End knowledge of Reconciliation procedures and Bank Reconciliation standards

Understanding of regulatory requirements governing the reconciliations performed

Knowledge of financial and capital markets (Fixed Income/Options/equity)

Knowledge of General Accounting activities & principles (journal entries, debits/credits, colour of entries and treatment in books etc.)

Ability to liaise with key business partners

Excellent oral & written communication skills

Highly motivated individual with a diverse background in financial analysis

Working knowledge in MS Office products including MS Excel, a must

Attention to details and drive for accuracy

Ability to work well under pressure

Excellent problem solving & analytical skills

Work Timings: 12:30- 21:30 IST

Job Location: Gift