Municipal Banking and Markets - Trade Control Specialist - New York
Company: Disability Solutions
Location: New York
Posted on: October 26, 2024
Job Description:
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 advanced end-to-end operational support for securities,
loans, exchange traded derivatives and over the counter derivatives
across multiple lines of business, and cross-business functional
support through the lifecycle of a trade. Key responsibilities
include ensuring trading and operational activities are completed
accurately and before deadlines, researching and resolving complex
issues, and simplifying client interactions. Job expectations
include being customer oriented and data driven, while focusing on
continuous improvement.Responsibilities:
- 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
- Provides simplified client interactions and deepens client
relationships across Global Banking and Markets' clients
- 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
- Improves and simplifies the client experience, reducing manual
touchpoints
- Supports the implementation of new processes to improve the
overall business operating model
- Identifies and flags potential risks in a timely mannerJob
SummaryThe Municipal Banking and Markets Trade Support team offers
support services to several business segments including Bond
Syndication, Market Making across all Muni bond types, as well as
Capital Markets including structured Products and Derivatives. This
role will provide an associate the opportunity to learn various
support services across products, platforms and processes for the
business segments noted directly above. Exposure across product and
platforms ensures broader coverage and stability for the team as
well as a more complete understanding of how the business functions
for the associates performing the role.Existing process include;
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 3 to 4 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. --- Supporting various Municipal Bonds
and trade types and performing daily controls and reconciliations
to ensure that the team minimizes operational risk.--- Responsible
for Trade validation and Trade Event management and reporting---
Deliver support for new products and initiatives, define
requirements for Trade support and be able to influence peers and
business partners.--- Being a natural first point of contact for
the Front Office, P&L team, other Business partners and the
Bank's customers.--- Candidate must be able to drive trade capture
projects and coordinate implementation across multiple platforms
and groups.--- Associate will also perform trade analytics to
resolve trade queries and measure and control day-to-day operating
environment.Required skills:--- Must be a highly motivated team
player who can be flexible in his/her approach and able/willing to
question existing procedures and processes in order to improve
them.--- Good written/verbal communication skills.--- Must
demonstrate a "can-do" attitude necessary to create good
relationships with traders, management, other business partners and
the Bank's customers.--- Minimum of 3-4 years of applicable
experience (e.g. Operations, Middle Office, Derivatives).--- Strong
Excel skills. VBA and/or SQL skills a plus.--- Is able to see the
big picture, to identify non-optimal processes, to propose
solutions and to implement them within timelines and cost
constraints.--- Ensures effective planning and execution of client
deliverables on a timely basis.Shift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and
benefits informationPay range$70,000.00 - $139,000.00 annualized
salary, offers to be determined based on experience, education and
skill set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, Levittown , Municipal Banking and Markets - Trade Control Specialist - New York, Accounting, Auditing , New York, New York
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