Job Description:
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.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.
Line of Business Job Description:
Currency, Commodities & Derivative Operations (CCDO) provides full operational support for the FX and Commodities businesses, including Trade Control, Confirmations and Settlements, as well as supporting the FI & Equity businesses by performing confirmations and settlements for OTC derivatives. The key processes performed by the team include:
- FX & Commodities Trade Control: trade validation, trade maintenance, break resolution and trade reconciliation
- FX, Commodities & OTC Derivative Confirmations: electronic matching, paper confirmation drafting and issuance and confirmation query resolution and execution
- FX, Commodities & OTC Derivative Settlements: settlement affirmation and release, client query management, post-settlement break resolution and platinum client relationship management
- FX, Commodities & OTC Derivative Account & Balance Management: exotic currency balance management, nostro account management and client SSI management.
Responsibilities:
Requirements
• Keen desire for learning and intellectual curiosity
• Detail oriented
• Good controls mind set and risk appetite
• Experience working to tight deadlines
• Ability to challenge and improve existing processes
• Good communication and negotiation skills and the ability to build relationships across all levels of seniority
• Excellent organizational skills are required with the ability to prioritize daily workload whilst working accurately in a high-energy environment
• Keen analytical skills including data reconciliation and interpretation
• Logical approach to problem solving - taking ownership and offering practical solutions
Skills:
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role