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About the Role
This role is responsible for maintaining trade control processes, including trade booking, validation, maintenance, and reporting. Key responsibilities involve reconciling trades between front office risk systems and back office sub ledgers, and assisting the front office with trade bookings for various derivative products across multiple risk systems. Job expectations include supporting new products and initiatives, and providing analysis and reporting.
Responsibilities
- Supports sales and trading desks
- Assists the front office with trade booking and ensures trades are captured accurately between front office risk systems and back office ledgers
- Develops cross-asset product knowledge by utilizing knowledge of financial instruments accounting
- Partners with existing teams globally to achieve the best in class controls and practices in trade support
- Negotiates delicate decision points around client on-boarding choices
- Creates an inclusive team where members are treated fairly and respectfully
- Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement
- Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results
- Leads and encourages the identification, escalation and resolution of potential risks
- Knows and develops team members through coaching and feedback
- Manages expenses and demonstrates an owner’s mindset
- Recruits, on-boards and develops talent, and supports talent mobility for career growth
- Delivers results through effective team management, structure, and routines
Requirements
- Maintaining already developed trade control processes
- Reconciliation of trades between front office risk systems and back office sub ledgers
- Assisting the front office with trade bookings for a number of derivative products in multiple risk systems
- Delivering support for new products and initiatives
- Providing analysis and Key Performance Indicator/Monetary Instrument Sales reporting
Skills
- Attention to Detail
- Client Management
- Data Quality Management
- Recording/Organizing Information
- Trade Monitoring
- Account Management
- Financial Management
- Quality Assurance
- Relationship Building
- Sales Performance Management
- Business Operations Management
- Consulting
- Regulatory Compliance
- Reporting
- Trade Operations Management
Location
- US - NY - New York
Work Type
- In-office
- Full-time
Salary/Compensations
- $104,000.00 - $144,000.00
Benefits
- Industry-leading benefits
- Access to paid time off
- Resources and support
- Discretionary incentive eligible
- Eligible for annual discretionary award based on performance, business unit performance, and company success
About the Company
- Bank of America is guided by a common purpose to help make financial lives better through the power of every connection.
- We drive Responsible Growth and deliver for our clients, teammates, communities, and shareholders every day.
- We are committed to fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career, and contribute to our shared success.
- We value the unique perspectives individuals bring from all backgrounds and career paths.
- Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
- At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.