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 FDCO - Global Markets Operations provides operations support to the Global Markets Business of BAML.

Key Business activities include middle office operations related to securities, derivatives, futures, options, currencies (FX) and commodities. Key functions in the middle office include trade control activities. Job Description The FX Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components.

The candidate will be expected to work closely with their onshore counterparts to complete and deliver the daily deliverables to all stakeholders. The primary responsibility is to deliver accurate and timely reports and related control work.

Primary products covered will include: FX Spot/Forward/Swap/NDF/Options This is a techno-functional and Business Management Role that needs Candidate to closely work with Business, LOB, Tech, Change management and Projects team with responsibilities described below. Responsibilities Handling full end-to-end workflow (there are no Asia locations handling FX Trade Support).

Strong understanding of Derivatives Trade Lifecycle. Product scope in general is: FX Spot, FX Forward, FX Options, FX Swaps, Non-Deliverable Forward (NDFs). Primary jurisdictions for support include: Hong Kong, Singapore, Tokyo & other Asia branches Executing FX trade amendments on T+1. Trade event management such as NDF fixings.

Certain bookings to help capture FX risks / exposures properly in the Front End due to short-term infrastructure limitations. Ensuring risk outages are corrected, Maintaining certain controls over wash / intermediation books. EOD Report reviews to ensure all trades processed. Production of certain ad-hoc reports required in particular jurisdictions – some of which may be for regulatory purposes.

Maintaining and reporting MIS / metrics for key processes. Certain static data maintenance within the FO system. Coordinate & execute various ad-hoc requests given strong focus on growing Asia FX platform/business as well as rapidly changing regulatory environment. Partnership with regional FX Trade Support teams in EMEA/AMRS.

Extensive involvement with MO tactical and strategic change initiatives impacting the workflow. Examples: System migrations / upgrades. Regulatory changes / projects (e.g. NDF Clearing). NPRs (New Product Reviews). FX Option Trade Support (Static Setup, Review of EOD reports to ensure all trades expired/exercised, Lifecycle Event Support (Exercise/Expire/Novate etc) other BAU Support).

Key business partners include Front Office – Traders / Sales, Finance, Operations, Risk, Tech, Middle Office, Collateral, etc. Associate is required to proactively interact with business partners to resolve front-to-back trade, P&L, risk and trade life cycle event management issues. Requirements: Experience - Minimum experience of 5 years.

Education: Graduate / Post-Graduation in finance from any university with minimum 60% Foundational Skills Basic experience in Middle Office FX Trade. Support with background of being hands-on with the actual process. Needs to be able to fluidly understand the front-to-back trade flow and mechanical aspects of the work.

Basic experience of Investment Banking Products from a Middle Office or Back Office background (trade capture, documentation, trade support experience, etc.) Desired Skills Strong communication skills across all levels of seniority especially with the Trading desks in both verbal & written form. Ability to work autonomously and deliver timely error-free results in a high pressure environment.

Work Timings: 06:30 AM – 03:30 PM Job Location: Gurugram