at Bank of America in Chicago, Illinois, United States
Job Description
Markets Support Analyst-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
Static Data Analyst role supporting operations in the trading of global derivatives by maintaining various static data elements such as exchange related fees, regulatory fees, product attributes, and execution fees. These data elements are critical in ensuring regulatory compliance, client satisfaction and other key business factors.
Daily, the candidate will investigate and analyze data to ensure the static is set up correctly along with communicating internally with various departments regarding static issues. Strong analytical skills are needed in order to determine the correct actions to take. Efficient yet accurate data entry skills are critical.
Duties and Responsibilities
+ Maintenance of static data elements within various internal and 3rd party applications including data related to fees and product setup
+ Analyze and update fee static within MMFEE (GMI)
+ Add and maintain exchange traded products within FUTM (GMI)
+ Participate in operational improvement initiatives
+ Assist in the implementation of new systems that drive automation and increase accuracy of data management
+ Assist with checking the accuracy of other team members work
+ Investigate fee breaks to ensure static data accuracy
+ Effectively communicate internally; including front office and client services personnel regarding various operational issues
+ Find opportunities for increased efficiency and accuracy within the day to day work
+ Participate in various projects and initiatives
+ Ensure all procedures are accurate and up to date
+ Various ad-hoc requests
+ Adhere to all policies, procedures and regulations
Job Description:
This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.
Responsibilities: – Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms
- Ensures transactions are completed in an accurate and timely manner
- 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
- Conducts daily monitoring of client trading activity across multiple markets, servicing clients’ needs
- 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
- Identifies and flags potential risks in a timely manner
Required Skills
+ GMI application knowledge
+ Ability to thrive in a fast paced, changing environment
+ Excellent Microsoft Excel Skills (Microsoft Access knowledge a plus)
+ Detail oriented
+ Excellent communication skills
+ Understanding of front to back trade flows
+ Strong analytical ability, must be able to identify and resolve complex issues
+ Ability to work both independently and within a team setting
+ Proficient with Word, PowerPoint, Visio & Outlook
Skills:
+ Collaboration
+ Customer and Client Focus
+ Oral Communications
+ Prioritization
+ Active Listening
+ Adaptability
+ Business Acumen
+ Client Management
+ Data Collection and Entry
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 .
