MO Trade Cntrl Prof MKTS
MO Trade Cntrl Prof MKTS
New York, New York
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**To proceed with your application, you must be at least 18 years of age.**
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**Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.**
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**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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Job Description:**
This role is responsible for performing/overseeing trade booking and trade validation, including the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting. The role supports ongoing trade maintenance and reporting as well as supporting the implementation of improvements to the system infrastructure and control environment. The role may also require handling of regulatory queries as well as participation in audit reviews. These individuals provide general team guidance and interact daily with senior trading personnel.
**LOB Job Description:**
The Global Fixed income Team perform end to end Trade Control functions supporting Local Currency Trading (LCT) and Global Mortgages & Securitized Products. Work closely with multiple stakeholders such as: Trading, Sales, Finance, Technology and Operations. The desired candidate should have a strong understanding of IR Swaps, FX, NDF, Cross Currency Swaps, TRS and Local Securities to clear in multiple settlement locations . The organization is responsible for ensuring efficient, accurate, and scalable transaction processing across a diverse set of financial instruments that often require close alignment with the business. A core priority for Operations is the establishment of robust risk management procedures and controls, ensuring both the firm and its clients are appropriately protected. At the same time, Operations is at the forefront of driving industry transformation, with a focus on enhancing accuracy, strengthening controls, and improving overall efficiency through innovation and process optimization
**Responsibilities:**
+ Engage with the business and partnership with the various stakeholders to strategically deliver on GMO/ business requirements and the evolving market environment as necessary
+ Work closely with the Trading Desk to support the business and perform Trade Control responsibilities such as –
+ Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications
+ Provide support to assigned trading desks – Support the Trading desk across all Trade Control related functions in a timely and accurate manner
+ Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments as required
+ Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)
+ Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)
+ Resolve Risk and P&L issues - Work closely with Front Office, Risk and Finance to resolve issues in a timely manner
+ Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.
+ Compression - Manage and Process Compression Events working with Front office, Technology and P&L to execute successfully
+ Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.
+ Build and maintain relationships across senior business leads and support partners
+ Involvement in ad hoc projects for new processes or industry initiatives
+ The day to day running of the Local Currency Trading (LCT) and Global Mortgages & Securitized Products Trade Control function
+ Continuously building and maintaining relationships with Trading and Sales as well as partnering closely with Technology, Finance and Operations to ensure a seamless front-to-back service is provided to our clients.
+ Working closely with relevant internal and external parties to ensure connectivity to Industry and Market initiatives
**Required Qualifications:**
+ Bachelor's Degree in either Math, Finance, Engineering or Tech
+ 3 years of line work experience in Middle Office or Trade Control
+ Proficient in MS Office – particularly Excel
+ Excellent ability to work in a team and with a wide user group across multiple functions
+ Good attention to detail and drive to ensure necessary work is completed to a high standard
+ Ability to work in a high-pressure environment
+ Strong interpersonal and communication (verbal & written) skills
+ Ability to work diligently, independently and prioritize multiple demands
**Desired Qualifications:**
+ Experience in working with fixed income derivatives and securities – working knowledge of bonds/CDS is an advantage
+ Understanding of the regulatory environment, legal entity strategy and the importance of robust internal controls
+ Inquisitive and possesses strong analytical & problem-solving skills
+ Partner with team, business and technology partners to embrace change and accomplish goals
+ Strong knowledge of general business and corporate cultures
+ 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
+ A keen understanding of the risk management and controls required to effectively run a high value, high volume Financial Services team
+ Ability to understand and work through complex problems and transfer that ability and knowledge to the team.
+ Experience in running high intensity teams across multiple locations
+ Strong team player
+ Excellent understanding of large complex organizations and how to navigate challenges to deliver positive outcomes
**Skills:**
+ Attention to Detail
+ Customer and Client Focus
+ Process Performance Management
+ Research
+ Adaptability
+ Business Analytics
+ Critical Thinking
+ Reporting
+ Written Communications
+ Data Management
+ Process Effectiveness
+ Strategic Thinking
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) "** poster.
**View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...) .**
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.