Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.

Line of Business Job Description:

As part of the Americas Equity Trade Control team, the candidate will be responsible for maintaining reconciliations and providing operational trade support across an exciting and fast paced set of Equities businesses.  This individual will partner closely with broader Global Operations and Global Markets teams to deliver operational support and ensure key controls across the lifecycle of a trade.  This role provides direct exposure to several lines of business and is uniquely positioned within Global Markets Operations to influence front to back operational processes, improve controls and drive change.

Responsibilities:

• Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms
• Ensures transactions are completed in an accurate and timely manner
• Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
• Conducts daily monitoring of client trading activity across multiple markets, servicing clients' needs
• Completes accurate, timely clearing and settlement of trades with internal and external counterparties, including reconciliation management and governance of trade fails and breaks
• Performs tasks accurately during high volume periods in a team environment
• Identifies and flags potential risks in a timely manner
• Perform critical operational functions including reconciliations, equity swaps and derivatives lifecycle management, corporate action processing, trade allocations and amendments
• • Responsible for the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting
• • Manage ad hoc requests from trading, sales and client(s) with tight timelines
• • Collaborate across Global Markets teams (ops, trading, sales, risk, credit, COOs, legal, compliance, technology) to resolve issues quickly and minimize risk impact
• • Proactively identify improvement opportunities to increase efficiencies, reduce risk and support strategic initiatives
• • Partner with global peers in to ensure seamless and consistent global front to back support model and best practices
• • Leverage understanding of the performance drivers for the GBAM businesses to create value add analysis and lead strategic insights
• • Maintain trading book, instrument, firm and client reference data

Required Skills:

• Attention to detail and a control mindset

• Intellectually curious, takes initiative, and operates with urgency

• Advanced knowledge of Excel and MS Office suite

• Ability to work well in a team environment

• Ability to multi-tasking and work in a high pressured environment

• Demonstrated ability to drive change and tasks to completion

• Excellent written and verbal communication/presentation skills

Desired Skills:

-Math Degree Preferred

-Minimum 1 year of Middle Office or Trade Control experience

• Enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts

• Understands operational activities related to Trade Support functions

• Bachelor degree or substantially equivalent business experience required

• General knowledge of operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data

• Self-starter with outstanding problem solving skills. Excels at ‘getting things done’ with minimal direction.

• Take responsibility for delivering high quality work

• Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently

Skills:

• Collaboration
• Customer and Client Focus
• Oral Communications
• Prioritization
• Active Listening
• Adaptability
• Business Acumen
• Client Management
• Data Collection and Entry

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$25.00 - $42.55 hourly pay, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.