What are the responsibilities and job description for the Foreign Exchange Trade Control Analyst position at Bank of America?
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 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
- • Trade Validation – reconciling trades to ensure trades are booked accurately in the system.
- • Performing trade amendments to correct booking errors.
- • Investigating and resolving breaks – Working closely with Sales, Trading and Operations to resolve breaks.
- • Adhoc Projects involving building requirements, stakeholder engagement, testing and implementation.
- • Process Improvements – generating ideas for how to improve efficiency and control, and seeing them through to implementation.
Required Skills:
• Keen desire for learning and intellectual curiosity
• Detail oriented
• Good controls mind set and risk appetite
• Experience working to tight deadlines
• Ability to challenge and improve existing processes
• Good communication and negotiation skills and the ability to build relationships across all levels of seniority
• Excellent organizational skills are required with the ability to prioritize daily workload whilst working accurately in a high-energy environment
• Keen analytical skills including data reconciliation and interpretation
• Logical approach to problem solving - taking ownership and offering practical solutions
Skills:
- Attention to Detail
- Written Communications
- Data Collection and Entry
- Oral Communications
- Record Keeping
- Recording/Organizing Information
- Strategic Thinking
- Active Listening
- Decision Making
- Negotiation
Shift:
1st shift (United States of America)Hours Per Week:
40
