Bank of America Ops Sr Analyst Markets (AMRS - ETD) - Chicago, IL in Chicago, Illinois

Job Description:

Exchange Traded Derivatives Analyst: Chicago, IL

This position is part of the Fee Reconciliation team at Bank of America Merrill Lynch’s Exchange Traded Derivatives Group. On an annual basis the reconciliation team is responsible for reconciling and paying over $500 million (covering several million transactions) of Clearing, Exchange and Regulatory fees per year. This position is primarily responsible for performing transaction level and balance sheet reconciliations of Clearing, Exchange and Regulatory Costs. This position plays a key role in controlling operational costs and mitigating operational risk. The position is also responsible for preparing monthly ledger account reconciliations for the fee accrual accounts and control accounts in accordance with company policy. The role provides a wide range of exposure to different areas of listed derivatives ranging from client/business queries to IT, Finance and Operations.

Responsibilities:

• Reconciling exchange cost at the transactional level

• Reporting of aged balances per account reconciliations into an account reconciliation status reporting tool.

• Completion of a monthly roll forward of the account balance for general ledger accounts including fee accrual accounts (Clearing Fees, Exchange Fees, NFA Fee), Introducing Brokers accrual accounts and control accounts. This includes updating general ledger balances, sub ledger balances and queries of sub ledger data.

• Posting non client journals for accounts reconciled.

• Completion of Control Account Reconciliations.

Qualifications/Key Attributes:

  • Previous Futures Operations and GMI proficiency preferred but not required

  • Accounting degree or background in Futures and Options accounting preferred but not required.

  • Strong proficiency in Microsoft Excel (expert level)

  • Exposure to running queries in Microsoft Access/SQL is preferred but not required

  • Candidate must have a basic understanding of accounting including journal entries and account reconciliations.

  • Candidate must have strong communication skills

  • Candidate must be able to work without immediate supervision and take ownership of assigned tasks

  • Candidate must have experience analyzing data

  • Candidate must have above average analytical skills

  • College Degree: 4 Year Bachelor's degree or international equivalent

Posting Date : 02/11/2019

Location :

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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