Senior Reconciliation Analyst

Bank Of America; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Job summary

Bank of America in Gurugram seeks a Senior Team Member to support Money Market, Custody, and Managed Account Reconciliation. You will handle daily reconciliations, verify ledger balances, and collaborate with internal and external teams to resolve discrepancies.

The role requires a commerce degree, 18–36 months in finance or banking, and strong Excel skills. Expect a fast-paced environment with strict deadlines and high-value risk management.

Qualifications

• Commerce graduate required.
• 18–36 months experience in banking or reconciliations.
• Proficiency in MS Excel and able to handle multiple formulas.

Responsibilities

• Complete daily deadlines in a timely manner and maintain accuracy.
• Provide high quality service, support, and responsiveness; communicate effectively with internal and external teams.

Skills

Basic banking

Reconciliation

Wealth management knowledge

Communication

Listening

Analytical skills

Attention to detail

Multi-tasking

Excel proficiency

Written communication

Education

Commerce graduate

Tools

MS Excel

PowerPoint

Job description

Senior Team Member - R 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

Money Market Reconciliation

Money Market Reconciliation is responsible for reconciling Trading/IOTP (Investment Only Transmission Platform) trading activity and Cash Operations funding/money movement for all money funds and bank products. Resolution of discrepancies is achieved by working with our business partners and using several research avenues to resolve all break items promptly. Reconciliation is an intensively manual process that occurs on a daily basis.

Custody Reconciliation

Custody Reconciliation is primarily responsible for the position reconciliation of Mutual Fund holdings offered on the MLPF&S platform. The reconciliation performed is at the omnibus level. Internal books and records are systematically reconciled against settled transactions at the Third-Party Mutual Funds through the Inventory Control System (ICS) application. Daily, the processors will be asked to create the daily Exposure report detailing unreconciled positions inICS. In addition to creating and saving the daily exposure report, processors will be assigned Fund Groups they will be responsible for reconciling. Processors will work with both internal and external teams to fully reconcile all exception items.

Managed Account Recon

Managed Account Recon is responsible for all manual reconciliations of managed accounts and the activity within them, daily. They review all accounts within multiple applications and make manual adjustments as needed. Resolution of discrepancies is achieved by working with our business partners and using several research avenues to resolve all break items promptly. Reconciliation is an intensive manual process that occurs on a daily basis.

Job Description

This individual should be comfortable in a fast-paced, detail-oriented environment and is dedicated to maintaining the highest standards of accuracy and Turnaround time. The candidate is expected to resolve queries and provide support to the team in critical situations. Sense of urgency and attention to detail are pivotal competencies required to perform the functions. The candidate must be proficient in Excel with the ability to complete multiple formula functions. The candidate must have communication skills including written communication as the processor will need to work with both internal and external teams to perform the reconciliation. Critical thinking skills are a must as breaks can occur for a variety of reasons due to the nature of Managed Account strategies. The candidate must have the ability to understand ledger balances and various transaction activities to perform accurate reconciliations. This is an extremely high risk and high dollar value reconciliation (Daily balances include Billions of Dollars).

Responsibilities

Complete daily deadlines in a timely manner. The processors will need to use critical thinking to decipher internal transactions compared to external activity that occurred at the Fund Provide a high level of quality service, support, and responsiveness and communicate effectively.

Requirements

Education

Minimum Commerce Graduate Certifications If Any - Any certification in finance or banking

Experience Range

18 months to 36 months

Foundational skills

Foundation skills: Basic banking, Reconciliation and Wealth management knowledge Good communication and listening skills. Strong analytical skills with great attention to details Organized and able to multi-task in a fast-paced environment Creative and analytical approach to problem solving

The candidate should have good understanding of Booking keeping, Journal Entries, Reconciliation Strong communication and interpersonal skills and ability to change communication style based on the audience Strong knowledge in MS Office products including MS Excel, PowerPoint Attention to details and drive for accuracy Ability to work well under pressure Flexible for shifts

Desired skills

H ighly motivated, able to work independently Excellent interpersonal skills, positive attitude, team-player Willingness to learn and adapt to changes Good knowledge with Microsoft Excel & PPT

Work Timings

05:30 pm to 02:30 am or 06:30 pm to 03:30 am

Job Location

Gurugram

Experience Level

Senior Level