Associate, Global Markets Operations Manila Branch

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

The Associate within GMO for the Manila branch will have responsibility for providing BAU operational support for the Global Markets (FICC) business in the Philippines. Processes will span the full trade life-cycle supporting FX spot and forward products as well as Money Markets (Corporate Treasury) during the initial stage where the business is launching. The product base and team size is expected to expand following the successful launch to cover Fixed Income and FICC derivative products. The Associate will report to the Manila GMO Branch Head and will partner closely with the Supervisor within the team, and serve as a point of contact for various Front Office and support groups.

The Associate will be integral to the success of the Philippines Global Markets business as well as setting the culture of the GMO team – one that helps to deliver for clients while responsibly managing risk and complying with all enterprise and regulatory requirements.

The role requires a proven market SME who practices operational best standards, and is a safe pair of hands for independently processing BAU tasks with a high degree of accuracy and efficiency. The incumbent should be able to communicate clearly and effectively, and possess a good understanding of the Philippines regulatory environment and local financial market systems.

Key Responsibilities

• Supporting BAU processes of the team that covers onboarding, AML / KYC, trades processing, settlements, reconciliations, regulatory reporting
• Ensuring that the team is complying with GMO, enterprise and regulatory requirements and standards
• Ensuring that the BofA and GMO enterprise risk framework is being adhered to
• Serving as a point of contact for Front Office staff and market counterparties
• Engage closely with Philippines Wholesale Banking Operations, and other GMO teams from APAC branches and hub locations
• Identifying areas for operational process improvement that help to increase efficiency, reduce risk and cost

Key Requirements

• Strong understanding of FX, Fixed Income, Money Market and FICC derivative products
• Good understanding of the Philippines' banking and securities regulatory environment
• Good knowledge of Philippines' payments and fixed income settlement systems
• Good interpersonal and overall communication skills (written and verbal)
• Must demonstrate strong collaboration and stakeholder engagement skills
• 3+ years of experience in Global Market Operations preferably within an International bank

Desired Skills

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world