Market Support Analyst - Asset Services
New York, New York
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
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At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.
Responsibilities:
-Processing Mandatory and Voluntary Corporate Actions for Fixed Income Instruments and supporting Fixed Income Desk.
-Cash/ Stock reconciliation for our counterparties on Stock Loan and Repo related queries within BofA across product, market, entity, trade status.
-Candidate must be on hand to offer premium Client service, deal with all Client queries, and manage the relationships between our clients and internal BofA departments.
-Direct interaction and oversight of daily processing functions within the team to ensure all control standards are met.
Assist with large scale initiatives to drive operational excellence, reduce the risk profile, and be an integral part of the teams success.
-Oversee the daily reconciliations for Fixed Income Products. Ensuring elections are processing in timely manner. Allocation of payments received from paying agent in timely manner. Involvement in ad hoc projects for new processes or industry initiatives surrounding fixed income corporate actions.
-Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms
-Ensures transactions are completed in an accurate and timely manner
-Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
-Conducts daily monitoring of client trading activity across multiple markets, servicing clients' needs
-Completes accurate, timely clearing and settlement of trades with internal and external counterparties, including reconciliation management and governance of trade fails and breaks
-Performs tasks accurately during high volume periods in a team environment
-Identifies and flags potential risks in a timely manner
Required Skills:
-Minimum 1 year of previous experience in corporate actions / dividends space is required .
-Ability to conduct discussions with stock loan and repo counterparts in a confident manner. ---Excellent communication skills and ability to present subject matter to an audience. ---Demonstrate the ability to work under pressure in a team environment.
-Self-motivated and able to work with little or no supervision. Candidate will be able to manage their own time and know when to escalate issues.
Skills:
Collaboration
Customer and Client Focus
Oral Communications
Prioritization
Active Listening
Adaptability
Business Acumen
Client Management
Data Collection and Entry
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
