As part of the Americas Equity Trade Control team, the candidate will be responsible for providing all aspects of operational trade support to the Equities sales and trading businesses. The role provides operational support for an exciting and fast paced set of businesses across Equities. The candidate will collaborate with business partners alongside end to end functional areas in order to deliver on business and operational objectives for the Global Markets Equities division.
The candidate will be responsible for ensuring operational support across the lifecycle of a trade for related lines of business, drive booking accuracy, and process improvements. The position will provide opportunities to drive change, improve controls, influence front to back operational processes and exposure to several lines of businesses and products. The individual will also have opportunities to 1) develop thorough understanding of business processes, products, and market workflows; 2) participate in assignments across the department for supporting various trading desks to gain well rounded knowledge of various products and processes; 3) coordinate with Trading, Sales, and other support functions to build their network and gain an in-depth understanding of the end to end business.
Perform operational activities of the trade support functions: equity swaps and derivatives lifecycle management, corporate action processing, cash equity processing, trade allocations, trade amends, trade break research and resolution, regulatory reporting, static data maintenance
Responsible for trade validation and trade amendment booking. Analysis and resolution of a wide variety of problems across cash equity and equity derivative products that may require special handling or exception reporting
Collaborate with various areas across Global Markets such as trading, sales, trade control, risk, credit, COOs, legal, compliance and other operational areas
Participates in the introduction of new project initiatives, systems, and process improvements to increase efficiency and enhance controls
Handle ad hoc requests from trading, sales and client(s)
Collaborate daily with peers across functional areas based in US, EMEA and APR to ensure seamless and consistent global front to back support
Develop and analyze processes, procedures, control checklist and metrics
Collaborates with business, compliance, supervision, and risk to ensure procedures are compliant and up to date
Leverage understanding of the performance drivers for the GBAM businesses to create value add analysis and lead strategic insights
Identify opportunities and drive change to improve booking accuracy
Maintaining trading book, instrument and client reference data
Enterprise Role Overview:
Responsible for maintaining already developed Trade control processes, e.g., Trade booking, trade validation and ongoing trade maintenance and reporting. Requires product knowledge, knowledge of financial instruments accounting relevant to the area supported. Delivers support for new products and initiatives, provides analysis and KPI/MIS reporting. College degree (Bachelors or higher). Required skills include: expert Excel knowledge, financial products knowledge, ability to analyze, reconcile, and interpret large amounts of data, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, the ability to problem-solve and take ownership of process improvements, the ability to work in a team environment, the ability to adapt to and take ownership of change and excellent verbal and written communication skills with ability to communicate with various stakeholders. Desired skills & knowledge include: experience using Bloomberg, accounting knowledge, economics, business, mathematics, finance, accounting, or similar major. Desired experience includes Internship experience, have 2 to 3 years of experience in the Financial Services industry, experience in working with financial reports, and the ability to effectively manage difficult internal and external client situations. This job code is to be used for employees in Global Markets only.
Required Skills: (Must have these skills to be minimally qualified)
High level knowledge of cash equities, equity swaps, and/or equity derivatives products.
Requires general product knowledge of financial instruments relevant to the area supported and across related asset classes.
General knowledge of equity markets and lifecycle management processing of in scope products.
Advanced knowledge of Excel and MS Office suite
Attention to detail and a control mindset
Intellectually curious, takes initiative, and operates with urgency
Ability to work well in a team environment
Ability to multi-tasking and work in a high pressured environment
Demonstrated ability to drive change and tasks to completion
Excellent written and verbal communication/presentation skills
Bachelor degree or substantially equivalent business experience required
Basic understanding of regulatory environment and industry initiatives
Operates with urgency
Understands operational activities related to Trade Support functions
General knowledge of operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data
Self-starter with outstanding problem solving skills.
Excels at 'getting things done' with minimal direction.
Be enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
Take responsibility for delivering high quality work
Ability to thrive in a dynamic, team-oriented environment - both work closely with senior members of the team and work independently
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
Excels in working among diverse viewpoints to determine the best path forward.
Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner.
Commitment to challenging the status quo and promoting positive change.
Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
1st shift (United States of America)
Hours Per Week:
Internal Number: 21038191
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.