Settlement Analyst

Job Description:

Job Title: Settlements Analyst

Corporate Title: Officer

Location: Dublin

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.

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!

Location: Dublin

Find us at our Central Park office, Leopardstown, where you will find our state-of-the-art facilities based in Dublin’s premium business park. With an onsite gym, staff restaurant and coffee shop, all your daily needs are conveniently catered for. There are also a range of travel options available to staff, including the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park, which means getting to work has never been so easy.

Role Description:

Global Fixed Income Operations are the primary interface to our fixed income and securities trading partners for all post-trade operations. GFIO performs end to end trade control, confirmation and settlements processes across fixed incomes businesses, securities, and loan trading.  EMEA Fixed Income Operations are responsible post-trade activities (trades processing, clearing and settlement) within Global Markets Operations and provide cross-functional support to Global Markets Lines of Business including, Repo, Rates, Credit, Mortgages, Frontier Markets (LCT) businesses.  The department offers operational support and expertise to Sales and Trading Desks as a team of specialists responsible for the implementation of client trade allocations, exception management, breaks reconciliation, clearing and settlement. Internal business partners include Front Office (Sales/ Trading/ COO), Technology, Compliance, Global Markets Transformation & Change, and other Operations teams.  Associates engage with external clients, providing dedicated support for Platinum clients, acting as primary operations point of contact for client queries, escalations, and facilitation of settlement. 

Responsibilities:

• Work closely with trading, sales and clients, technology & settlement teams globally to optimise settlement rates reduce fails/ break
• Ad hoc queries from traders/sales/clients
• Identification and implementation of process improvements, working independently or partnership with technology for delivery
• Input into and support of strategic work, regulatory change and supporting projects that impact the team.  Responsible for program requirements, test scripts, UAT, and go live monitoring
• Employing networking skills to manage your relationships with clients, the trading desks, settlement agents, operations relationship managers, middle office representatives and technology teams
• Employs interpersonal skills and the ability to work well within a team and in a fast-paced environment.
• Liaising with other internal departments to ensure timely resolution of Client inquiries and break resolution

What we are looking for:

• Ensure the allocation & settlement of securities for European markets on behalf of clients or the trading desks, taking the necessary action to ensure resolution of all failing trades
• Ensuring teamwork towards meeting quarterly fails targets.
• Escalation of potential risk and exposure to your manager timely and efficiently
• Teamwork ethos: partnership and providing coverage for team members when required.
• Monitor shared inbox to ensure all queries responded to within agreed SLA
• Significant control and risk management mindset
• Comfortable working with people at all organizational levels.

Additional Skills:

• Excellent organisational skills are required with the ability to prioritise workload, work accurately and efficiently in a fast-paced environment
• To be flexible in their attitude and approach; have a desire to learn from day to day scenarios.
• Excellent verbal and written communication skills.
• Ability to solve problems quickly and efficiently.
• Demonstrates high degree of integrity
   

Benefits of working at Bank of America
Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work because of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of adult-care per annum
• Ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, specified illness cover etc
• Use of a flex fund to use towards benefits
• Access to free counselling through an Employee Assistance Programme and virtual GP services
• Opportunity to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to join our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

Good conduct and sound judgment are 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 opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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