Description

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

LOB Description:

• Key escalation point for F&O Margin team and main point of contact for internal and external stakeholders.
• Monitor the firm's collateralization requirements arising from the trading activities of those counterparties with margin documentation in place.
• Execute collateral substitutions with counterparties
• Preparation/Delivery of Strategic planning for the team
• Responsible for the on boarding of new products
• Responsible for ensuring team adheres to all internal policies, procedures and external regulatory requirements
• Responsible for managing all risk aspects including any internal & external audits.
• Responsible for all Industry Initiatives
• Staff development and appraisal process

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

Required Qualifications:

• A good understanding of financial markets (ETD / F&O in particular)
• Confident in facing off to senior stakeholders across the business (including Sales, Trading, Product Control, Credit and Legal).
• Excellent verbal and written communication skills.
• Ability to Meet Deadlines
• Organizational Skills with Special Emphasis on the Ability to Prioritize Responsibilities
• Analytical and strong problem-solving abilities.
• Attention to detail, delivering high quality output.
• Strong controls background with previous experience of implementing and key business controls.
• Experience within Financial Services / Banking industry.

Desired Qualifications:

• Graduate with a financial degree.
• Will consider experience in Finance, Risk Management and Treasury.
• Familiarity with listed FFO and OTC Derivatives lifecycle Skills / Aptitude.

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 - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$26.10 - $40.90 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.