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Global Operations Markets Support Specialist-Trade Control-Fixed Income

Bank of America
New York
Full-time

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 manner

Required Skills : (Must have these skills to be minimally qualified)

  • 3-5 years of experience in the trade control / fixed income operations.
  • Should possess a strong understanding of derivatives products in order to provide SME (Subject-Matter Expert)-level support.

These would include IR Swaps, Cross CCY Swap, and Zero-Coupon swaps, Swaptions and Futures, Future Options etc.

  • Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.
  • Excellent Excel reporting-related skills
  • Detail-oriented to operation trade flow, data entry, and data reconciliation
  • Ability to liaise across multiple functional teams to resolve issues
  • Ability to operate autonomously without direct supervision
  • Ability to quickly analyze and make decisions in the event of a problem
  • Ability to quickly grasp new industry practices and create / document new processes
  • Strong organizational skills and ability to effectively prioritize multiple tasks
  • Must be client focused with proven track record of excellent communications and interpersonal skills with the ability to present to an audience
  • Ability to successfully navigate and connect within a matrix work environment
  • Must be self-motivated and able to work independently
  • Must be able to operate successfully in a fast paced environment

Desired Skills :

  • Trade booking experience in any of the asset classes would be an added advantage
  • Experience in supporting rates, FX, and credit derivative trading
  • Understanding of Structured / Non Linear Products (Ex - IR Caps and Floors, Swaptions, Toral Return Swaps, CMS Spread Options ETC) would be an added advantage.
  • Knowledge of financial processing systems and accounting
  • Understanding of the Best Practices and front-to-back product flow to manage Operational Risk
  • Relevant industry product knowledge
  • Proactive thought leadership to identify and deliver process improvements and efficiencies
  • Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting
  • Knowledge of Operational Risk, Finance interaction, Risk & PnL support

Shift :

1st shift (United States of America)

Hours Per Week :

30+ days ago
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