Description

Job Description:

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!

Job Description: Candidate will be part of Corporate FX desk. Corporate FX desk performs Trade Validation, exchange of Confirmations, monitoring of underlying exposure documents, FX trades settlement & is also the RP for multiple regulatory submissions. This desk entails ongoing interaction with both external clients and internal stakeholders. This replacement hire is essential to ensure continuity of client service and critical internal operations, while supporting sustainable workloads, consistent performance, and effective risk management.

Responsibilities:

• Perform routine processing tasks under general supervision with minimal impact on internal and external stakeholder relationships.
• Support post execution trade processing activities, including:
- Validating trade details
- Issuing trade confirmations to counterparties
- Performing settlement of the trades
- Preparing & submitting Regulatory Reporting
• Ensure all trade processing adheres to internal Desktop Procedures and meets local and global regulatory requirements.
• Maintain accuracy and timeliness in daily deliverables while upholding service quality.
• Escalate exceptions or complex issues promptly and appropriately.
• The candidate should ensure compliance with rules, laws and regulations.
• The candidate would be able to perform role of a maker.
• The candidate should look for process improvement opportunities.

Requirements:

- Candidate should be conversant with the RBI regulations around trading & processing of FX trades.
-Strong follow up skills, demonstrating diligence, professionalism, and timely task completion.
- Eagerness to learn and develop a deep understanding of the products handled by the desk.
- High adaptability with the ability to take on different roles, tasks, and challenges confidently.
- Ability to work effectively under pressure and manage tight deadlines.
- Prior experience in Foreign Exchange operations for 2-3 yrs and familiarity with relevant regulatory circulars and CCIL functioning is an advantage.
- Self motivated and capable of working independently with minimal supervision, including knowing when to escalate issues.
- Good understanding of accounting principles.
- Proficiency in Microsoft Excel and comfort with other standard business tools.

Other Qualifications:

∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world