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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Who we are:

Exchange Traded Derivatives, Collateral & Relationship Management (ECRMO) are responsible for the exchange of collateral to reduce counterparty credit risk and for the support of post-execution trade clearing and product lifecycle management.  Our global team consists of a diverse pool of over 500 individuals spanning 16 cities across 7 countries. We provide front-to back support for a broad range of Clients (hedge funds, market makers, trading firms, advisers and investment banks), Global

ETD Operations supports:

Execution, clearing and allocation of trades and position transfers to the highest quality standardsFutures and Options position life cycle management including option exercise and assignments, physical deliveries, expirations, last trade date monitoring, long date reporting, open interest adjustments and regulator inquiresDaily Reconciliations and exception resolution, maintaining the integrity of the sub ledger for Listed and OTC Futures and Options productNon-Financial Regulatory Reporting to Futures Exchanges and RegulatorsEnsuring compliance with regulatory and industry mandates across 15 Legal EntitiesProduction of reports and information required to comply with regulatory requirements and internal control policiesResearching and resolving problems within the line of businessDay-to-day analysis, research, and resolution of varied problems

Roles & Responsibilities :

Process option exercise and assignments, physical deliveries, expirations, last trade date monitoring, long date reporting, open interest adjustmentsRespond to regulator inquires as raised (in partnership with OR&C, GCOR and Regulatory RelationsAssist with improving controls associated with lifecycle event processing.Assist with the development and automation of various metrics utilized for management reporting.Assist with various initiatives impacting the lifecycle event processing team.Work with different teams to standardize processes and streamline functions.Provide assistance to senior management with various initiatives and asks.

Required Qualifications:

Confident communicator who proactively identifies and raises risks and issuesFlexible in adjusting to demands and challenges, with ability to work at a fast pace, in a high-volume environment and meet tight deadlinesExperience and commitment to identify and drive improvements to existing processes.Strives to bring new thoughts and ideas to teams to drive innovation and unique solutionsInstance credibility across the team bringing minimum 5-year experience of Exchange Traded Derivatives Operations, with prior experience in either a clearing, or position lifecycle management team and knowledge of industry rules, regulations, and business practicesExperience of using an Exchange Traded Derivatives clearing platform and / or Exchange GUIs.Experience with GMI platform would be desirable but not essential
Strong communication, partnership and relationship building skills

Desired Qualifications:

Candidate should be intellectually curious and understand what drives processes, with ability to assess risk, propose design of effective controls and implement to plan to streamline existing processes.Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutionsExcels in working among diverse viewpoints to determine the best path forwardExperience in connecting with a diverse set of clients to understand future business needs - is a continuous learnerCommitment 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 baseBelieves in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Skills:

Attention to DetailCritical ThinkingData Collection and EntryRecording/Organizing InformationResearchFraud ManagementInterpret Relevant Laws, Rules, and RegulationsProblem SolvingQuality AssuranceRisk ManagementAdaptabilityCustomer and Client FocusPrioritizationResult OrientationWritten Communications

Shift:

1st shift (United States of America)

Hours Per Week: 

40