Global Markets Support Specialist - Asset Services-Global Operations
Jacksonville, Florida
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.
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
Job Summary
Come join the exciting world of Corporate Actions where you will play an integral role in the most dynamic part of the Global Markets lifecycle. Asset Services works with market makers, traders, custodians, depositories, agents, regulators and data vendors. We support large multi-national clients through high volume trading products like equities, fixed income, prime brokerage and wealth management. At Bank of America, our team of experts supports hundreds of thousands of annual Corporate Action events for thousands of clients with values in the trillions of dollars. Asset Services is a fast paced Operations where time is of the essence and the accuracy and timeliness of what we do directly impacts our clients and the Global Markets. The UIT Reinvestment position predominantly deals with the maintenance of Unit Investment Trusts throughout their lifecycle. This begins when the UITs are established, either as internally generated UITs or as external UITs being transferred from counterparties. These UITs are established in our systems, to ensure correct processing of future dividends. Throughout their duration these UITs will pay out monthly dividends- these dividends must be processed and the elections for these dividends must also be processed, which this role is responsible for. Finally, at the end of their life cycle UITs have one final termination payment, and these payments must be verified. Additional responsibilities include pulling reports, assisting with mainframe updates around pay dates and as needed, and ad hoc requests from managers
Required Skills: (Must have these skills to be minimally qualified)
Basic to Intermediate Excel skills.
Excellent verbal and written communication skills.
Strong organizational skills with high attention to detail.
Strong analytical, critical and forward thinking skills.
Strong time management skills.
Ability to multi task in a fast paced environment.
Ability to work well within a team and independently.
Ability to learn and adapt to on the job training.
Strong attention to detail with a pro-active approach.
General understanding of markets and how they operate.
Attention to detail - the team manages billions of dollars per month with the expectation to be 100% accurate, 100% of the time.
Ability to learn various new systems [how to navigate and interpret
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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