Summary

Bank of America is hiring an Operations Representative for their Mumbai location, targeting professionals with 1-3 years of experience in FX and derivatives operations. This role focuses on trade validation of FX options and interest rate swaps, CCIL reporting, deal confirmations, and collateral operations. The position requires strong knowledge of financial regulations, accounting principles, and Microsoft Excel, along with excellent client-facing communication skills. Ideal for banking operations professionals seeking to advance their career with one of the world’s leading financial institutions.

Detailed Job Description

Position Overview

Role: Operations Representative
Company: Bank of America
Location: Mumbai
Experience: 1-3 years
Job Type: Full-time, In-Office
Working Days: 5 Days/week
Last Updated: September 29, 2025

Role Overview

This operations role specializes in FX and derivatives processing, requiring expertise in trade validation, regulatory reporting, and client communication within global financial markets operations.

Key Responsibilities

Trade Processing & Validation

• Validate FX Option and Interest Rate Swaps deals
• Perform Manager level role in Cash Manager system
• Report trades on CCIL CORE platform
• Prepare deal confirmations and manage follow-up processes

Documentation & Compliance

• Manage document archival system
• Maintain due diligence during trade processing and settlement
• Monitor alleged and pending queues in CORE application
• Handle new/amend Standard Settlement Instructions from clients

Stakeholder Management & Reporting

• Engage with Business, Compliance, Finance, and Technology teams
• Prepare daily, weekly, and monthly MIS reports
• Provide audit data to concurrent auditors
• Pass manual entries in GBS system

Process Improvement

• Participate in process improvement initiatives and projects
• Identify and mitigate operational risks
• Ensure compliance with financial regulations
• Contribute to operational efficiency enhancements

Essential Skills & Qualifications

Technical Expertise

• Financial Products:Experience processing FX, Derivatives, and Collateral Operations
• Regulatory Knowledge:Understanding of financial regulations and compliance requirements
• Accounting Principles:Strong grasp of accounting fundamentals
• Systems Proficiency:Good knowledge of Microsoft Excel and banking operations systems

Professional Experience

• Experience Range:1-3 years in banking operations
• Background:Graduate from reputed university with bank processing experience
• Client Interaction:Client-facing experience or ability to conduct client discussions
• Risk Management:Ability to identify and mitigate operational risks

Soft Skills

• Communication:Excellent verbal and written communication skills
• Client Focus:Strong customer service orientation
• Time Management:Ability to work under pressure and meet strict deadlines
• Initiative:Self-motivated with ability to work unsupervised

Pro Tips for Successful Application

1. Resume Customization

• Highlight specific experience with FX options and interest rate swaps
• Detail your knowledge of CCIL CORE and trade reporting
• Showcase experience in trade validation and confirmation processes
• Emphasize regulatory compliance and risk management experience

2. Technical Preparation

• Brush up on FX and derivatives products knowledge
• Review CCIL reporting requirements and processes
• Practice Excel skills for financial reporting
• Study current financial regulations affecting derivatives operations

3. Interview Preparation

• Prepare examples of complex trade processing scenarios
• Be ready to discuss your experience with client interactions
• Practice explaining technical processes clearly to non-technical stakeholders
• Prepare to demonstrate your problem-solving approach in operations

4. Industry Knowledge

• Research Bank of America’s global operations and Mumbai center
• Understand current trends in FX and derivatives markets
• Study regulatory changes affecting derivatives operations
• Learn about operational risk management in banking

FAQs

Q: What is the exact experience requirement?

A: 1-3 years of experience in banking operations, specifically in FX, derivatives, or collateral operations.

Q: Is specific knowledge of CCIL CORE mandatory?

A: While experience with CCIL CORE is mentioned in responsibilities, candidates with similar regulatory reporting experience are likely considered.

Q: What educational background is preferred?

A: Graduation from a reputed university with experience in bank processing operations.

Q: Are there client-facing responsibilities?

A: Yes, the role requires client interaction and the ability to conduct clear discussions with clients.

Q: What is the work schedule?

A: Full-time, in-office position with 5-day work week in Mumbai.

Q: Is there any application fee?

A: No, Bank of America does not charge any application fee.

Why Join Bank of America?

Global Financial Leader

• One of the world’s leading financial institutions
• Serves 66 million clients globally
• Extensive network of 4,400 retail financial centers
• Comprehensive range of financial products and services

Career Development

• Exposure to complex financial products and global markets
• Professional growth in banking operations
• Opportunities for skill enhancement in derivatives operations
• Pathway to advanced roles in financial operations

Professional Environment

• Global standards and best practices
• Focus on risk management and compliance
• Technology-enabled operations
• Collaborative work culture

About Bank of America

Global Presence

• Leading financial institution serving global markets
• Comprehensive banking, investing, and asset management services
• Strong focus on risk management products
• Extensive US presence with global operations

Service Offerings

• Banking services for corporations and consumers
• Investment and asset management
• Financial and risk management products
• Small and middle-market business services

Operations Excellence

• Focus on operational efficiency and compliance
• Technology-driven processing solutions
• Strong regulatory adherence
• Client-centric service approach

Work Culture & Benefits

Professional Development

• Exposure to global financial markets
• Training in advanced financial products
• Career advancement opportunities
• Professional certification support

Work Environment

• Structured 5-day work week
• Professional banking operations setup
• Global team collaboration
• Technology-enabled workspace

Compensation & Benefits

• Competitive banking industry compensation
• Comprehensive benefits package
• Performance-based incentives
• Professional development support

Application Warning

Important: Bank of America does not charge any application fee. Report any requests for payment during recruitment process immediately.

Conclusion

The Operations Representative position at Bank of America offers an excellent opportunity for banking operations professionals with 1-3 years of experience to advance their career in FX and derivatives processing. This role provides exposure to complex financial products, regulatory reporting, and client interaction within one of the world’s premier financial institutions. The Mumbai location and focused expertise requirements make it ideal for professionals seeking specialized growth in financial markets operations.

Ideal candidates should demonstrate strong technical knowledge of derivatives products, regulatory compliance experience, and excellent client communication skills. The role offers significant potential for professional development in global banking operations.

Application Tip: Emphasize your specific experience with FX options, interest rate swaps, and regulatory reporting. Highlight your ability to manage client relationships and work effectively in a fast-paced banking environment.

🔗 Apply Link: Click Here To Apply for Bank Of America

Disclaimer
The recruitment details shared above are for informational purposes only and have been obtained from the organization’s official website. We do not guarantee any job placements. Recruitment will be conducted according to the company’s official process. We do not charge any fees for sharing this job information.