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Ops Professional Markets (Collateral/Margin Management) At Bank of America

Location: Chicago, Illinois

Job Description

Job Description:



Provides technical and analytical support in a global markets operations function for one or more operations product areas. Responsible for the analysis and resolution of complex operations problems and initiatives requiring exceptional handling and/or coordination of multiple operational and/or product specialists to resolve. May manage projects and/or the introduction of new initiatives, systems, products/services and processes, coordinating necessary expertise across multiple operations functions and/or products. As a technical expert, may also function as an informal team lead, providing work direction and technical guidance to less experienced employees in resolving complex transactions and operational problems. Requires extensive experience in an operations support function with thorough working knowledge of fundamental business structure and operational aspects for specific transactions and products. As a technical expert, will consult on a wide variety of topics across functional and business support lines.


This role will support the US OTC Margin Management function. The role will work across multiple groups and have multiple deliverables to balance. Role requires a self-starter who will ensure they have sufficient information behind the task at hand to complete with a good outcome. Requires someone who is detail focused and very organized with deliverables.


Deliveries and Responsibilities:


Ownership of outstanding SIAIs, Audit Issues, and Regulations impacting the margin function. Identification of resolutions for:


Living Will regulation support

Providing updates to Operations Risk partners

Ensuring key team members are engaged in resolutions

Metrics and Control reporting

  • Coordinate and provide updates/commentary for monthly MIS to senior management
  • Responsible for weekly breaks meeting with senior manager
  • Identify areas for improvement on client metrics or business metrics
  • Business as usual managerial support and back-up
  • Approvals for asset transfers or write-offs
  • Daily escalations and support
  • Managing client issues, meetings, or inquiries
  • Meeting with internal business partners
  • Opportunity to lead and manage a team

With Regulations around the corner there will be an increase in workforce this role has the potential to develop into a management position


Required Skills:

  • College degree or related work experience
  • A strong understanding of financial markets across Fixed Income and Derivative products
  • An understanding of financial markets documentation (ISDA CSA, GMRA, MRA, etc.)
  • Past experience with operational processes as they relate to fixed income and derivative products
  • Strong communication skills
  • Ability to meet deadlines and work autonomously
  • Ability to handle high pressure situations
  • Ability to juggle multiple tasks
  • Organizational skills with emphasis on the ability to prioritize responsibilities
  • Track record of working in detail oriented roles
  • Proficient in Excel and PowerPoint


Shift:

1st shift (United States of America)

Hours Per Week:

40