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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Job Description

We are seeking a candidate to fill the responsibilities of being a senior member (B5) of a multi-functional team covering Stock Loan Middle Office, Syndicate Operations & Reconciliations. Products covered include: Listed (Equities, Futures and Options), and Over-the-Counter (Swaps, Derivatives) for Global Clients trading in APAC markets. This is a role which offers an excellent opportunity for the right candidate. . The candidate needs to be quantitative, analytical, proactive, a strong team player, able to work under pressure with tight timelines/high volumes and has excellent attention to detail. The APAC Securities Lending function is responsible for day-to-day support of the APAC Securities Lending (SBL) desks. Daily activities focus on trade support functions such as trade bookings, position management and optimization, collateral management and the reconciliation of cash and securities positions. The successful candidate would operate within a dynamic, fast paced environment interacting closely with business counterparts and with colleagues across operations to ensure smooth operational processing. Understanding of IPOs/Block Trades/Equity & Debt Issuance is a plus.

The candidate should have proven front-to-back equities lifecycle experience operating in Global Markets. This is a Middle Office role and the candidate must demonstrate front-to-back understanding of the products together with the functions and lifecycle within Middle Office. Familiarity with APAC market nuances is essential. Given that this is a senior BAU role, the candidate can also expect to be exposed to project contributions and other strategic initiatives. The candidate may also expect that exposure is given to basic team management.

Responsibilities
• Ownership of day-to-day securities lending transactional processing for APAC markets. Role may also include reconciliations.
• Trade bookings, amendments and exceptions processing.
• Position management and asset optimization.
• Management of counterparty exposure.
• Fails and inventory management.
• Supporting business growth by working closely with front office, technology and global operations teams.
• Support a risk focused culture. Anticipate risks and escalate appropriately.
• Foster an environment which constantly questions process inefficiencies and implements appropriate improvements.

Requirements
• 5+ years of investment banking experience, preferably in a trade support or settlements function.
• Good understanding of the life cycle of a trade and related interactions between internal stakeholders. Experience in APAC markets, settlements and reconciliations preferred.
• Quantitative, analytical, proactive, able to work under pressure with high volumes while adhering to tight deadlines. Meticulous attention to detail.
• Strong team player able to contribute well to team goals; works collaboratively with peers and stakeholders.
• Control and risk focused. Able to independently initiate solutions to remediate problems.
• Excellent communication and interpersonal skills.
• Some level of people management skills would be beneficial.
• Degree qualification is essential
• Proficiency in MS Product Suite i.e. Excel, Word
• Alteryx, Artificial Intelligence, Robotics experience is not a pre-requisite but good to have

Other Qualifications

∙ 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