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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This role will be part of Global Markets Operations and will be assigned to Corporate FX and FX Options/ Derivatives desk primarily for the sake of underlying exposures. The team is responsible for trade validation, Affirmation, confirmation, Settlement and reconciliation of OTC FX Contracts. The team also is responsible for NFRR. The candidate knowledge of applicable rules, laws and regulations will be an added advantage. The candidate would be able perform role of a maker, prepare MIS and providing requisite data to Auditors. The candidate should look for process improvement opportunities.

Responsibilities

• Support Exposure Monitoring for OTC FX Contracts, Option Contracts and foreign Currency Derivatives and be a support to the Corporate FX as well Option/Derivative Desk.
• Well versed with OTC FX Processing.
• Ensure accurate processing of trades.
• Maker role for some of the desk activities.
• Engage with Stakeholders including Business, Compliance, Finance, Technology for constructively resolving any queries.
• Participate in various process improvement initiatives/ projects as required.

Required Skills

• Experience in back-office processes relating to all Treasury products especially FX.
• Knowledge of settlement of FX Contracts.
• Strong understanding of accounting principles.
• Knowledge of regulations governing the OTC FX Market.
• Good knowledge of Excel.
• Ensure timelines on the tasks at the desk.
• Ability to work against stiff deadlines and manage work pressure.

Desired Skills

• 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.
• 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.