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.
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
-Processing Mandatory and Voluntary Corporate Actions for our Prime Brokerage clients.
-Reconciling cash / securities for our clients, counterparties with BOFA across products, market, and entities.
-Candidate must be on hand to offer premium Client service, deal with all Client queries, and manage the relationships between our clients and internal BofA departments.
-Direct interaction and oversight of daily processing functions within the team to ensure all control standards are met.
-Assist with large scale initiatives to drive operational excellence, reduce the risk profile, and be an integral part of the team's success.
-Ensure all control standards are met. Assist with large scale initiatives to drive operational excellence, reduce the risk profile, and be an integral part of the team's success.
Required Skills:
- Minimum 2 years of Previous experience in corporate actions space is required
-Ability to conduct discussions with stock loan and repo counterparts in a confident manner
-Excellent communication skills and ability to present subject matter to an audience. Demonstrate the ability to work under pressure in a team environment.
-Self-motivated and able to work with little or no supervision. Candidate will be able to manage their own time and know when to escalate issues.
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 - 1100 Ave Of The Americas - Two Bryant Park (NY1540)
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.