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Markets Support Analyst

AT Bank of America
Bank of America

Markets Support Analyst

Charlotte, NC

Job Description:

Job Summary:

The Fed Settlements Analyst is an integral position within the financial services sector, responsible for ensuring the smooth and efficient operation of the settlement process for transactions executed through the Federal Reserve by the trading desk. In today's rapidly evolving financial landscape, the importance of precise and timely settlements cannot be understated. The analyst will engage with various teams, including daily engagements with the trading and sales desks, operational teams, and regulatory bodies to facilitate optimal settlement practices. Furthermore, this role will involve resolving discrepancies in transaction records, ensuring compliance with regulatory standards, and implementing best practices to enhance settlement processes. The ideal candidate will be adept at leveraging analytical skills to interpret data, predict potential settlement issues, and develop strategies to mitigate risks . This position offers the opportunity to contribute to the wider financial ecosystem, enhance professional development, and participate in initiatives that drive process improvement and operational excellence.

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Responsibilities

  • Manage the settlement process for Fed transactions, ensuring accuracy and timely processing.
  • Monitor and resolve discrepancies related to settlement reports and confirm settlements with counterparties.
  • Liaise with various departments, including trading, finance, and compliance, to ensure alignment on settlement protocols.
  • Conduct regular analysis of settlement data to identify trends, risks, and areas for process improvement.
  • Assist in the development and execution of testing for new systems or enhancements related to settlement functions.

Required Skills:

  • Ability to work under pressure and manage multiple priorities in a fast-paced environment.
  • Presentable, confident and client focused. Client facing experience or ability to conduct discussions with Clients in a confident manner
  • Excellent communications skills and ability to present to an audience
  • Ability to work under pressure in a team environment
  • Ability to liaise with all levels of the firm and people with different experiences and backgrounds
  • Self-motivated and able to work unsupervised. Candidate will be able to manage own time and know when to escalate
  • Knowledge of Operational Risk, Client Money Protection and Funding

Desired Qualifications:

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Excels in working among diverse viewpoints to determine the best path forward
  • Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Shift:
1st shift (United States of America)

Hours Per Week:
40

Client-provided location(s): Charlotte, NC, USA
Job ID: BankOfAmerica-JR-25002382
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program