Job Description:
This job is responsible for maintaining already developed trade control processes, such as trade booking, trade validation, and ongoing trade maintenance and reporting. Key responsibilities include 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. Job expectations include delivering support for new products and initiatives, providing, analysis and Key Performance Indicator/Monetary Instrument Sales 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
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
- Opportunity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
- Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
- Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the 7why8 and connects contributions to business results.
- Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
- People Manager & Coach: Knows and develops team members through coaching and feedback.
- Financial Steward: Manages expenses and demonstrates an owner6s mindset.
- Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
- Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.
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
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$104,000.00 - $144,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.
