19 Oct
|
Bank Of America
|
Gurugram
19 Oct
Bank Of America
Gurugram
Team Leader Gurugram, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Team-Leader_26037938) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Team-Leader_26037938) Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Team-Leader_26037938) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Team-Leader_26037938) **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** The Stock Loan Associate/Manager is responsible for overseeing and executing daily Stock Loan Operations, including settlements, reconciliations, collateral management, break resolution, and regulatory support. In addition to core processing responsibilities, the role manages team workflow, provides oversight, ensures adherence to control standards, and partners with stakeholders to drive process improvements and risk mitigation. **Job Description** Intercompany Settlements & Collateral Management Agree and process collateral with MLPFS and MLI counterparties.
Execute associated collateral movements and ensure accuracy in cash and securities flows. Perform daily reconciliation to ensure 100% balancing of cash and position activity. Break Identification & Resolution Research, isolate, and resolve stock loan breaks, including: DTC/Loanet breaks AP/blotter discrepancies Post necessary Stock Record adjustments to clear exceptions. Transaction Processing & MTM Process mark‑to‑market (MTM) updates via manual and automated platforms. Support daily booking of stock loan transactions and pricing updates. Repo and Settlement Support Managerial & Leadership Responsibilities Oversee daily workflow and task allocation for Stock Loan Operations staff. Monitor team performance, ensuring SLAs, cutoffs, and control requirements are met. Provide coaching, guidance, and performance feedback to team members. Conduct daily huddles and operational checkpoint calls. Risk, Control & Governance Ensure adherence to internal policies, regulatory standards, and SEC recordkeeping requirements. Review and approve daily reconciliations, Stock Record adjustments, and exception resolutions. Identify operational risks and implement mitigating controls. Stakeholder Management Partner with Front Office, Collateral, Middle Office, and Technology teams to resolve issues and align processes. Serve as the escalation point for complex breaks, settlement delays, or counterparty discrepancies. Interface with external agents (BNY, JPM, DTC, Loanet) as required. Regulatory, Audit & Reporting Support internal and external audit and regulatory inquiries by preparing required documentation. Maintain complete and compliant operational records per regulatory retention timelines. Process Improvement & Change Management Identify automation, process optimization, and control‑enhancement opportunities. Collaborate with Technology/GSL MAPS teams on system enhancements, UAT, and production rollouts. Lead training sessions, ensure SOPs are updated, and drive continuous improvement initiatives. **Responsibilities** Fail investigation and remediation for failing borrows and loans and returns Interact closely with stock loan teams in various locations, settlement teams and corporate action teams Prioritize, investigate and add commentary to contract compare breaks Create managerial reports, workload statistics, and provide value-added analysis to the business. Prepare documentation/requests for onshore review and responses to all internal and external inquiries. **Requirements** **Education :** B COM/ MBA/BBA/BCA + Certifications If Any : NA **Experience Range :** More than 3 years **Foundational Skills*** + Good comm. Skills, Analytical Skills, Time Management and Excel **Desired skills** + Settlements/ Stock Loan profiles **Work Timings :** 17:30-02:30 **Job Location :** Gurugram Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity,
in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster. View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work workplace. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason. Investment products offered through MLPF&S; and insurance and annuity products offered through MLLA: **Are Not FDIC Insured** **Are Not Bank Guaranteed** **May Lose Value** **Are Not Deposits** **Are Not Insured by Any Federal Government Agency** **Are not a condition to Any Banking Service or Activity** Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S;" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S; is a registered broker-dealer, registered investment adviser, **Member SIPC** and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). Bank of America Private Bank is a division of Bank of America, N.A. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. © 2026 Bank of America Corporation. All rights reserved.
📌 Team Leader (Gurugram)
🏢 Bank Of America
📍 Gurugram