Armed Forces Medical Stores, Depot jobs

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

Market Ops

Derivatives Collateral Operations manages the margining for the OTC, Repo Derivatives & Foreign Exchange businesses and Repo agreements. Collateral Management is a tool to control & reduce the bank's credit exposure risk on Derivative trades.

The Collateral Operations Unit monitors daily margining for customers across various products (Rates, Commodity, Structured Credit, Equity, Foreign Exchange, and Repo, Futures & Options). The Counterparty’s net exposure is evaluated each morning in order to determine collateral requirement. Margin Calls are made and received by Collateral Analyst and collateral exchanged. Team is also responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.

Global Markets Business Finance & Control (BF&C) seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Fixed Income/FX/Equity trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams. Good communication and time management skills are essential to perform this role.

Individual will be responsible for metric governance which require collection/validation of metric values, followed by gathering RCA & G2G commentary on non-performing metrics. Individual will also be working closely with India NTCO teams on driving the risk culture and identify/remediate gaps that are identified during the process review/deep dive.

Structured Trade Review - Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies. Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking. Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments. Identify, Confirm & Report conservative valuation bookings (over hedges) & approximate bookings for trades.

EMEA Securities Settlements team perform various functions like pre-matching, settlements, sufficiency, Depot Transfers and controls functions like margin, queue/break management, FOP, and margin payments for few entities. We work on both equities and fixed income products. Maintaining client/broker relationship and keeping the market, credit, liquidity, and operational risk to its minimum is key to the success. Teams interact with several different internal teams which are part of trade lifecycle and also with various counterparties externally to match/settle the trades.

Asset Servicing

The Asset Services Processing team will be responsible for the following:

• Processing Income and corporate action events for House/Prime brokerage clients

• Reconciliation of Cash breaks, control accounts, tax accounts and fee accounts

• Investigation and Resolution of client queries on a timely basis

Requirements

Education: MBA / PGDM

Certification if any- NA

Experience Range- Fresher / 0 years

Foundational Skills

Attention to detail, assertiveness, initiative, leadership

Strong work ethic and team focus

Strong interest in global financial markets and commodities sector and keen interest in complex structures is preferred

Analytical problem solving

Technical skills (MS Office: Excel & PowerPoint)

Communication skills

Location: Students should be willing to work in any locations namely – Mumbai, Chennai, Gurugram, Gandhinagar (GIFT), Hyderabad as per company requirement

Mandatory Eligibility requirements

ü Final year Students from the Class of 2027 ONLY

ü Must Have Specialization in Finance or as specified

ü Must have scored 70% in the last semester OR CGPA of 7 on a scale of 10 in the last semester

ü No Active Backlogs in any of the semesters

ü Students should be willing to join any of the roles/skills/segment as per company requirement

ü Students should be willing to work in any shifts / night shifts as per company requirement

Important: All above mentioned job descriptions are indicative and subject to change if needed. Students will be evaluated by the company panelists against any of the roles suited as per the job requirements.

Job profile will be allocated at the sole discretion of the company.