Job Description:

TheETF Operations team is set up as representatives of BofAs Securities as an authorized participant and is responsible for the placement and settlement of ETF (Exchange Traded Funds) creations and redemptions in support of the portfolio trading desk and clients who engage in this business. The Settlement Oversight unit oversees and facilitates trade settlement of the ETF and its components which consist of equity and fixed income products. This position also manages the collateral with the sponsors to ensure timely settle of the ETF. Additionally, the associate is responsible for risk mitigation for our clients and the firm through fails management via inventory allocations, Buy In coordination, and internal reconciliations which impact Regulatory reporting.

Responsibilities:•

• Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures
• Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service
• Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions
• Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units

Required Skills:
At least 3 Years of Financial Services / Operations Experience

Proficient with MS Excel (v-lookups)
Ability to work under pressure in a team environment
Detail oriented
Ability to multi-task
Self-motivated and able to work unsupervised
Ability to perform efficiently under high pressures
Strong written & verbal communication skills
Desired Skills:
ETF Product Knowledge
Strong motivation to succeed
Understanding of Risk & Control issues

Shift:

Hours Per Week: