Bank of America US OTC Margin Manager: Chicago, IL in Chicago, Illinois

Job Description:

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 a teammate 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 o 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

Required Skills:

  • 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

Posting Date : 09/14/2017

Location : US-IL-Chicago

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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