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:
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.
This position is part of the Exchange Traded Derivatives Reconciliation team at Bank of America. On an daily basis the reconciliation team is responsible for reconciling and balancing CCP/Exchange activity to internal books and records. This position plays a key role in controlling the integrity of BOFAS sub-ledger. The position is also responsible for preparing monthly ledger account reconciliations for financial attestation in accordance with company policy. The role provides a wide range of exposure to different areas of listed derivatives ranging from client/business queries to IT, Finance, Front Office and Operations.
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 Daily Trades, Position and Cash (Total Equity) Transactional Reconciliations
- Breaks Reporting Management
- Posting Internal Journal Entries
- Monthly Reconciliation Attestation
- Management Reporting
Required Skills:
- Strong Proficiency in Microsoft Excel
- Above average analytical skills, resilient in finding solutions
- Candidate must be adaptable
- Candidate must possess strong attention to detail skills
Skills:
- 4 Year Bachelor's degree or international equivalent.
- Previous Futures Operations and GMI proficiency preferred but not required
- Accounting degree or background in Futures and Options accounting preferred but not required.
- 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
$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.