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Officer, Prime Brokerage Margin Operations

Singapore, Singapore

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

 

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies

Position Description:

Singapore Collateral Operations provide collateral management support for APAC clients and are responsible for moving collateral between our accounts and our brokers.

The Futures & Options (F&O) Exchange Collateral Operations team provides full support to all functions for the execution and clearing business for all APAC on-shore broker entities and its affiliates across the Exchanges. The candidate will be expected to perform various margin functions, making margin calls to counter parties by stated deadlines, monitor their settlement, provide governance and control around key reconciliations and increase efficiencies by utilizing technology. The process is time sensitive and requires an extreme attention to detail.

Responsibilities:

  • Monitor and ensure margin settlements with F&O, Prime Brokerage and affiliate clients
  • Process and settle cash and non-cash collateral in an accurate and timely manner
  • Monitor clients’ and affiliates exposure and process margin calls in a timely manner before settlement cut-off
  • Liaise with clients and internal business partners to resolve issues
  • Identify anomalies and ensure complete and timely issue resolution
  • Perform management reporting
  • Participate in technology enhancement initiatives, projects and UATs
  • Maintain strong relationships with clients and internal business partners
  • Handle regulatory and audit requests


Job Requirements:

  • Prior experience of cross product exposure such as F&O, OTC, Prime Brokerage and Repo Margining is an advantage
  • Knowledge of regional and international F&O markets
  • Strong communication skills, risk and control mindset and leadership skills
  • Independent and motivated to excel
  • Experience in institutional client service
  • Experience in handling regulatory and audit requests.
  • Experience in handling complex margin dispute and issue resolution

Learn more about this role

Full time

JR-20011259

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Singapore office

Our office is near favourite Seah Im Food Centre and a short hop to Sentosa—a popular island resort and home of the Merlion, Singapore’s guardian of prosperity.

Close-up side shot of the words Bank of America Merrill Lynch on outside office wall

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499