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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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Job Description:
Trade assistant and support for the AMRS Repo Trading desk. Responsible for trade capture, enrichment, reconciliation, and reporting. Liaison between trading, sales, and operations. Participates in new initiatives, systems, and process improvements to increase efficiency and enhance control. The associate should have a good working knowledge of various rates-centric fixed income products and their lifecycles especially the repo market. The associate will be expected to collaborate with our support partners to maintain, develop, and implement effective globally uniform workflow controls.
Responsibilities:
Primary responsibilities include trade capture and lifecycle event processing for the AMRS Repo trading desk. Ensure trades/positions are booked timely and accurately. Monitor e-trade activity to ensure trades are matched and sent for settlement processing. Compile EOD P&L summary, obtain sign off from trading and circulate to business heads. Other responsibilities include daily management of the Securities Open Market Activity (SOMA) which may include Sec Lending and Reverse Repo. Shows a strong interest in working closely with traders and sales to manage the production flow. Liaise with various business partners including trade flow management, settlements, business supervision, compliance, audit, etc. for daily flow as well as ad-hoc requests. Work with development and technology to ensure ongoing business and operation initiatives and needs are met. Ability to make impactful decisions while identifying critical impacts or outcomes. Ability to display strong attention to detail skills. Prioritize and manage time effectively.
Requirements:
- 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
- Basic to moderate excel skills required to manipulate and format trade data to upload into trading system
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
$104,000.00 - $138,200.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
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.