Bank of America Ops Professional Markets (Collateral Ops/Margin Management) - Chicago, IL in Chicago, Illinois
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 o 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
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
Posting Date : 08/20/2018
Chicago, IL, 540 W MADISON ST (IL4540),
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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