Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
The Global Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions. We are looking to recruit an individual to work in the Rates Trade Support production area. The local team will be taking on Rates Trade Support-related workflow from the U.S. Middle Office which largely supports the trading business in New York. The primary internal clients will be U.S. Front Office and Middle Office; however there will interaction with Front Office traders can occur over time as additional processes are transitioned. The primary responsibility is to ensure, issues arising with a trade either at execution, expiry or throughout the lifecycle of the trade are escalated and resolved on T+0. Affirmation/processing/clearing of swaps on MW and paper platforms. Trade support is responsible for tracking the trade flow and making sure that there is an element of risk management and control. It’s Trade Support job to identify errors and raise them to the desk. Verify accuracy of risk and P&L required for trading. Oversee end to end reconciliations of firm positions and trade bookings. Perform IR/FX reset fixing on life cycle trades. Partner with other FO/MO and BO teams globally to resolve issues
Ensure, issues arising with a trade either at execution, expiry or throughout the lifecycle of the trade are escalated and resolved on T0. Affirmation/processing/clearing of swaps on MW and paper platforms. We are responsible for tracking our trade flow and making sure that there is an element of risk management and control. It’s our job to identify errors and raise them to the desk. Verify accuracy of risk and p/l required for trading. Oversee end to end reconciliations of firm positions and trade bookings. Perform IR/FX reset fixing on life cycle trades. Partner with other MO and BO teams globally to resolve issues
Reporting: Ensuring timely delivery of MO/FO critical reports to various stake holders.
The applicant will be expected to understand and challenge team procedures to continually improve our support model.
Primary products covered will include but not limited to: Bonds, Rates, and Futures & Options.
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