Markets Support Analyst - Reconciliation Operations
Charlotte, North Carolina
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:
Position will support the Global Markets Shared OperationsGovernance/Control/ReportingTeam. Functions include, but are not limited to, creation and enhancement of metrics reporting, quality and risk control development, management of various strategic projects and initiatives, ongoing quality assurance and quality control routines, risk reduction plan development, and support of the operating model.
Responsibilities:
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
Manage data sets in order to create new functional Reports or Dashboards of Breaks/Fails/PayRecs data.
Participate in tactical and strategic projects focused on process improvements and risk mitigation.
Perform deep dive analysis of Governance functions to identify control gaps and process improvement opportunities.
Compile and present GMO breaks metrics for senior management
Independently navigate projects/process improvements around breaks reporting to ensure we have a complete and accurate view of global breaks on a daily basis.
Liaise with line of business contacts to gather commentary and drive break reduction initiatives including critical analysis and deep dives to identify root cause of break volumes.
Required Qualifications:
Experience working with data sets and Data analytics applications (Tableau, Python, Alteryx, Excel, Etc.)
Experience with reconciliation systems / design
Presentable, confident and objective focused.Ability to conduct discussions with all levels of the organization, including senior management, in a confident manner.
Excellent communication skills (written and verbal) and ability to present to an audience.
Ability to work under pressure in a team environment.
Demonstrated experience liaising with and influencing all levels of the firm and people with different experiences and backgrounds.
Self-motivated and able to work unsupervised.Successful candidate will be able to manage own time, prioritize to meet tight deadlines and know when to escalate.
Detail oriented
Demonstrated ability to manage multiple priorities/tasks
Demonstrated ability/willingness to continuously learn on the job
Demonstrated ability to problem solve
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
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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.
