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VP - Market Operations

Johannesburg, , South Africa

Job Description:

Job Title: VP - Market Operations

Corporate Title: Vice President

Location: Johannesburg, South Africa

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

The Team:

Global Market Operations delivers support for Global Markets sales, trading and underwriting businesses, and certain shared services across securities, derivatives, foreign exchange, futures, options and commodities products for Corporate Treasury, Corporate Investment Portfolio and Wealth Management. The team forms part of the Client & Equity Operations – EMEA Branches division which manages the daily operations of our Global Market client base, handles post-trade operations and is the primary interface to Global Equities Trading partners.

Role Description:

The Market Operations Analyst is a key member of the Operations Team and will be responsible for all facets of the trade life cycle. The person is expected to have an in-depth understanding of the equities market, including but not limited to securities lending/borrowing and corporate actions as well as having excellent Equity Derivatives knowledge. This role requires you to have good communication skills to interact with internal and external stakeholders, an ability to work independently as well as in a team setting.


  • Control Oversight of all Post Trade Activities
  • Escalate any issues that arise to senior management timeously
  • Handle all client queries related to Operation functions with care and professionalism until resolved.
  • Involved in the processing and clearing Equity Derivative Products – Futures, Options
  • Involved in Project Management – Strategic Growth and Automation projects as well as Regulatory Projects
  • Interact and liaise with Internal and External Auditors - Answering questions, proving walk throughs of processes etc
  • Ensure correct and accurate allocations for the local cash equity trading desk and local clients.
  • Resolve all client queries and amendments.
  • Manage client data in local systems
  • Maintain client data static within Bank of America systems based on information received  

What we are looking for:

  • Experience in Broker Operations (allocations, securities lending/borrowing, corporate actions, and settlements)
  • BDA (Broker Dealer Accounting) experience and knowledge.
  • Excellent interpersonal and communication skills.
  • Excellent organisational skills

Skills that will help:

  • Industry Exams (JSE Settlements Officers Exam, Registered Persons Exams)
  • Familiarity in dealing with Internal and External Auditors
  • Experience in Project Management
  • Knowledge of Equity Derivative Clearing
  • Capable of working as part of a team
  • Excels in working among diverse viewpoints to understand best way forward.

Bank of America:

Good conduct and sound judgment is crucial to our long-term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Learn more about this role

Full time


Manages People:

Street Address

Primary Location:
1 Sandton Drive, Johannesburg, 2196