Enable America Jobs

Ops Professional MKTS-Global Market Operations

Chicago, Illinois

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Summary

The Chicago based ETD AMRS Operation Control teamsis responsible for in-line operation control routines and monthly reconciliation control ownership/attestation. The team’s main directive is to ensure the integrity of ETD’s process health across all AMRS ETD Operations. The role provides a wide range of exposure to different areas of listed derivatives ranging from regional ETD Operations, Finance, Front Office, Technology and Operation Support Teams. Additionally, this role has team lead responsibilities which will entail fostering and coaching more junior associates.

This varies in activity, but the control team is the conduit between external enterprise teams and the ETD LOB. This position plays a key role in reviewing operational processes and mitigating operational risk. The role provides a wide range of exposure to different areas of listed derivatives ranging from ETD Operations, Finance, Front Office, and Operation Support Teams. Additionally, this role has team lead responsibilities which will entail fostering and coaching more junior associates.

Responsibilities

• This role has team lead responsibilities which will entail fostering and coaching more junior associates with the team manager in the guidelines of the Enterprise values.

• Manage the expansion of building out a comprehensive regional control infrastructure across regional Clearing, Deliveries, Reconciliations, NFRR, Static Data/Data Control and CIS.

• Audit Response Support: Coordinate and consolidate Ops Audit Responses

• In-Line Risk Process Assessments: Annual process & procedure reviews of each of the ETD Operational team

• Enterprise Policy Review, Monitoring & Adherence Reviews across AMRS ETD Operations

• Federal/State tax monitoring, withholding and remittance: Daily & Monthly monitoring of Chapter 3, 4 & 61 / 871M (2019) withholding activity.

• Quality Assurance Testing: Perform Daily/Monthly comprehensive QA test across all of ETD AMRS Operation

• Seg of Duty Reconciliation Control Ownership: Ownership and review of 1000+ ETD Reconciliations and signoff

Job Description:

This job is responsible for providing analytical support in a Global Markets Operations function for one or more operations product areas. Key responsibilities include analyzing and resolving highly complex operations problems and initiatives requiring exceptional handling and coordination of multiple operational and/or product specialists to resolve. Job expectations include managing projects and the introduction of new initiatives, systems, products, services, and processes and coordinating necessary expertise across multiple operations functions and products.

Responsibilities:

• Confirms loan documentation for accurate trade settlements

• Partners with Sales Associates, Traders, Research Analysts, trading counterparties, internal and external attorneys, administrative agent banks, and various other internal operations groups

• Manages post-trade management and logistics, settlement pricing, and closing coordination

• Analyzes and resolves highly complex operational problems

• Supports ad-hoc projects for new processes or industry initiatives

• Processes loans end-to-end with accurate data input into various credit and operating systems

Required Skills

• Strong understanding of large complex organizations and how to navigate to deliver.

• Futures industry experience working for a FCM, Exchange, Clearing House, Regulator or Financial Industry Consultant.

• Demonstrates process manager excellence, having managed processes in the past delivering superior tangible / quantifiable results.

• Strong problem-solving and analytical skills, resilient in finding solutions.

• Strong adaptability and strategic thinking skills

• Strong technical skills specifically in GMI, Excel and Power Point

• Strong oral and written communicator

• Can demonstrate a strong risk management history.

• 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.

Skills:

• Attention to Detail

• Critical Thinking

• Data Collection and Entry

• Recording/Organizing Information

• Research

• Fraud Management

• Interpret Relevant Laws, Rules, and Regulations

• Problem Solving

• Quality Assurance

• Risk Management

• Adaptability

• Customer and Client Focus

• Prioritization

• Result Orientation

• Written Communications

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 and affirmative action, 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 "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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 .