Officer - Markets Support Analyst New York, New York **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 a diverse and 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Job Summary:** FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the Trade Control workflow for the XVA and Risk Optimization Desk within Global CPM (Counterparty Portfolio Management), with a focus on rates and credit derivatives. The XVA Desk is responsible for managing the exposure of the firm to valuation adjustments on its derivative positions due to funding cost, credit risk, and regulatory capital costs. The desired candidate should possess a working understanding of derivatives products. These would include IR Swaps, Swaptions, CDS, CDS Index etc, with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes. **Responsibilities** + Work in a fast-paced environment with direct communications with Trading Desk and Sales + Monitor workflow in the primary trade capture system, as well as system of record + Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems + Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, eg. Settlement differences. + Primary point of contact for the Front Office, Operations, and Finance on topics relating to all Trade Differences. + Ensure internal risk positions are appropriately reflected to mitigate any risk to the firm’s capital + Ensure trade amendments, processing Trade lifecycle events, allocations and novations occur in a timely manner to meet Transaction Reporting requirements + Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc.. + Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control **Required Qualifications:** + Solid understanding of basic financial products like Interest Rate Derivatives, FX, Options and Credit Derivatives, + 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 **Desired Qualifications:** + 1 - 3 years of experience in the trade control / fixed income operation space + Macro/VBA Knowledge + Experience in supporting interest Rates, FX, and credit derivative trading + 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 **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. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . 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. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . 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