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Ops Sr Analyst MKTS - AMRS Fee Reconciliation

Chicago, Illinois

Job Description:

This position is part of the Exchange Traded Derivatives Reconciliation team at Bank of America. On an annual basis the reconciliation team is responsible for reconciling and paying over $600 million (covering several million transactions) of Clearing, Exchange and Regulatory fees per year. This position is primarily responsible for performing transaction level and balance sheet reconciliations of Clearing, Exchange and Regulatory Costs. This position plays a key role in controlling operational costs and mitigating operational risk. The position is also responsible for preparing monthly ledger account reconciliations for the fee accrual accounts and control accounts 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:
• Reporting of aged balances per account reconciliations into an account reconciliation status reporting tool.
• Completion of a monthly roll forward of the account balance for general ledger accounts including fee accrual accounts (Clearing Fees, Exchange Fees, NFA Fee), Introducing Brokers accrual accounts and control accounts. This includes updating general ledger balances, sub ledger balances and queries of sub ledger data.
• Posting non client journals for accounts reconciled.
• Completion of Control Account Reconciliations.
• Management Reporting.


Qualifications/ Key Attributes:
• College Degree: 4 Year Bachelor’s degree or international equivalent.
• Strong proficiency in Microsoft Excel.
• Previous Futures Operations and GMI proficiency preferred but not required.
• Accounting degree or background in Futures and Options accounting preferred but not required.

CORE SKILLS & COMPETENCIES:
• Above Average analytical skills, resilient in finding solutions.
• Strong Communication Skills.
• Ability to balance ongoing responsibilities with initiatives/projects.
• Must be able to work without immediate supervision and take ownership of assigned tasks.
• Basic understanding of accounting including journal entries and account reconciliations.

OTHER QUALIFICATIONS:

• 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.

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

This position is part of the Exchange Traded Derivatives Reconciliation team at Bank of America. On an annual basis the reconciliation team is responsible for reconciling and paying over $600 million (covering several million transactions) of Clearing, Exchange and Regulatory fees per year. This position is primarily responsible for performing transaction level and balance sheet reconciliations of Clearing, Exchange and Regulatory Costs. This position plays a key role in controlling operational costs and mitigating operational risk. The position is also responsible for preparing monthly ledger account reconciliations for the fee accrual accounts and control accounts 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:
• Reporting of aged balances per account reconciliations into an account reconciliation status reporting tool.
• Completion of a monthly roll forward of the account balance for general ledger accounts including fee accrual accounts (Clearing Fees, Exchange Fees, NFA Fee), Introducing Brokers accrual accounts and control accounts. This includes updating general ledger balances, sub ledger balances and queries of sub ledger data.
• Posting non client journals for accounts reconciled.
• Completion of Control Account Reconciliations.
• Management Reporting.


Qualifications/ Key Attributes:
• College Degree: 4 Year Bachelor’s degree or international equivalent.
• Strong proficiency in Microsoft Excel.
• Previous Futures Operations and GMI proficiency preferred but not required.
• Accounting degree or background in Futures and Options accounting preferred but not required.

CORE SKILLS & COMPETENCIES:
• Above Average analytical skills, resilient in finding solutions.
• Strong Communication Skills.
• Ability to balance ongoing responsibilities with initiatives/projects.
• Must be able to work without immediate supervision and take ownership of assigned tasks.
• Basic understanding of accounting including journal entries and account reconciliations.

OTHER QUALIFICATIONS:

• 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.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21058497

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Kimberly Ravlich

Referral Bonus:

0

Street Address

Primary Location:
540 W Madison St, IL, Chicago, 60661