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Operations Professional MKTS

Bank of America

Bank of America

Operations
Houston, TX, USA · United States · Remote
Posted on Wednesday, June 19, 2024

Job Description:

Job Description :

The below FDCO description should be prefixed in all job descriptions:
The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.
Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

Responsibilities:
- Drafting Commodities confirmations vs ISDA legal confirmation based on trade bookings from the system of records (SOR)
- Affirmation of trade economics and chasing outstanding confirmations
- Liaison with multiple stakeholders including Legal and Trade Control and Front Office Trading and Sales
- Review and resolve discrepancies on incoming confirmations from counterparties and electronic matching platforms
- Measure trending client behaviors to identify candidates for automated confirmation processes.
- Review incoming confirmations
- Collaborate with team members across all regions to develop and maintain globally consistent documentation process

Requirements:
- Must be client focused with proven track record of excellent communications and interpersonal skills
- Ability to mitigate operational risk by demonstrating excellent attention to detail
- Ability to adapt quickly to changes in the market, regulatory and internal business environment
- Must be self-motivated and able to work independently
- Must be able to operate successfully in a fast paced environment

Other Qualification
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Shift:

1st shift (United States of America)

Hours Per Week:

40