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Vice President, Global Collateral Operations

Singapore, , Singapore

Job Description:

Your background

∙ Project management experience, demonstrated through successful delivery of Operations related projects
∙ Knowledge of Global Markets businesses and products (Exchange Traded Derivatives, OTC Derivatives, Fixed Income, Prime Brokerage)
∙ Strong verbal and written communication skills with ability to simplify complex information into messages targeted to various levels of stakeholders
∙ Demonstrate negotiation, influencing and stakeholder management skills
∙ Strong risk awareness and ability to challenge the status quo and drive change by developing practical solutions to complex challenges
∙ Able to work well in collaborative team environment, self-motivated and results oriented with limited direction and supervision
∙ Possess time management skills and able to manage multiple competing/concurrent activities
∙ Proficient in creating Power Point presentation decks, Excel, Word
∙ Experience in managing regulatory change and requests is an advantage
∙ Knowledge of Collateral Operations margining process is an advantage

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

What you can expect

Global Collateral Operations (GCO) provide collateral management support mitigating counterparty credit risk for the Bank and as well as counterparties through the exchange of financial assets.
 
The role will help drive the successful implementation of regulatory and / or non-regulatory initiatives for Global Collateral Operations. The project manager is to work on both global and regional initiatives where some may involve cross-location and a wide set of internal and external stakeholder engagements such as Sales, Trading, Legal, Compliance, Technology, and Financial Market Utilities (FMU’s) such as Clearing Counterparties and vendors.
 
Depending on the specific demands, the project manager may either leads an entire project/remediation, or supports one or multiple work streams / functions as part of a bigger initiative.  It is likely that the project manager will work on several projects and/or regulatory changes and requests concurrently.

What you will do

∙ Define and agree project deliverables, manage the end to end delivery
∙ Manage project plan / activities relating to project deliverables
∙ Liaise and coordinate with other LOBs representatives to drive progress and achieve intended outcomes
∙ Report on project status, progress, upcoming activities, risks/dependencies to relevant stakeholders on periodic basis
∙ Escalate issues in line with agreed procedures
∙ Lead responses from GCO management for regulatory changes and requests, ensure global consistency in responses in alignment with previous requests

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. 
 

Job Band:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

∙ Project management experience, demonstrated through successful delivery of Operations related projects
∙ Knowledge of Global Markets businesses and products (Exchange Traded Derivatives, OTC Derivatives, Fixed Income, Prime Brokerage)
∙ Strong verbal and written communication skills with ability to simplify complex information into messages targeted to various levels of stakeholders
∙ Demonstrate negotiation, influencing and stakeholder management skills
∙ Strong risk awareness and ability to challenge the status quo and drive change by developing practical solutions to complex challenges
∙ Able to work well in collaborative team environment, self-motivated and results oriented with limited direction and supervision
∙ Possess time management skills and able to manage multiple competing/concurrent activities
∙ Proficient in creating Power Point presentation decks, Excel, Word
∙ Experience in managing regulatory change and requests is an advantage
∙ Knowledge of Collateral Operations margining process is an advantage

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

What you can expect

Global Collateral Operations (GCO) provide collateral management support mitigating counterparty credit risk for the Bank and as well as counterparties through the exchange of financial assets.
 
The role will help drive the successful implementation of regulatory and / or non-regulatory initiatives for Global Collateral Operations. The project manager is to work on both global and regional initiatives where some may involve cross-location and a wide set of internal and external stakeholder engagements such as Sales, Trading, Legal, Compliance, Technology, and Financial Market Utilities (FMU’s) such as Clearing Counterparties and vendors.
 
Depending on the specific demands, the project manager may either leads an entire project/remediation, or supports one or multiple work streams / functions as part of a bigger initiative.  It is likely that the project manager will work on several projects and/or regulatory changes and requests concurrently.

What you will do

∙ Define and agree project deliverables, manage the end to end delivery
∙ Manage project plan / activities relating to project deliverables
∙ Liaise and coordinate with other LOBs representatives to drive progress and achieve intended outcomes
∙ Report on project status, progress, upcoming activities, risks/dependencies to relevant stakeholders on periodic basis
∙ Escalate issues in line with agreed procedures
∙ Lead responses from GCO management for regulatory changes and requests, ensure global consistency in responses in alignment with previous requests

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. 
 

Learn more about this role

Full time

JR-21077308

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Adeline Chan

Referral Bonus:

0

Street Address

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