Transaction Management Ops Analyst-AMRS Institutional Client Settlements-Global Operations – JR-24034832 – Charlotte, North Carolina

Bank of America

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 Description:This job is responsible for moderately complex transaction and fulfillment processing, including the movement of assets into and out of accounts. Key responsibilities include reconciliation, settlement, and trade and transfer support, and providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling in operational processes which may carry medium to high levels of monetary risk and assisting in training less experienced team members.Responsibilities:Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and proceduresResponds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client serviceResponsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptionsProactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational unitsJob SummaryAMRS Institutional Client Settlements is responsible for offering streamline operational support focusing on increased levels of service while providing our clients with an established foundation for Equity securities within the Institutional environment for all Global US and Non-US markets.There will be immediate attention and focus to our clients’ needs while maintaining a risk controlled environment.The teams will proactively be addressing potential settlement issues, capturing trade and settlement exceptions, and fail exposure adding controls to reduce risk and exposure to the firm.Our focus and drive is to increase levels of service while streamlining and improving process trade flows and infrastructure.Responsible for providing a direct relationship to all clients (internal & external) based on client tier. Support pre-matching of trades, value date settlement matching, client inquiries, receive / deliver exceptions, validation and timely communication of all potential compliance Buy In’s, and root cause analysis and issue resolution of fails.Opportunities to develop strong business relationships with Global Core Settlements, Trade Processing, Reference Data, and other internal operational departments across the organization.Perform pre-matching of future settled trades to ensure accurately and efficient settlement with our clients and clients counterparties. Strategically work on streamlining the process to minimize and reduce manual redundancies.Comply with regulatory requirements and account maintenance, in order to eliminate & minimize capital charge exposure daily.Understand the Escalation guidelines to promptly address and escalate financial and negative client exposure situations.Successfully use time management skills and participate in special projects as requested by management.ResponsibilitiesReview of internal and external email communications with responses dailyCompliance – FINRAS regulated Buy in to be validated and communicated to clients and businessException Management – ownership of exceptions pre-value, value, post value dateNarration / documentation of all client risk meeting department policies and proceduresResearch, reconciliation, and resolution of all open client riskClient Fail ReportingDevelop and strengthen understanding of global settlement markets and all productsDevelop understanding of client front to back processRoot Cause analysis of client exceptionsMeet with clients and business on regular basisRequired SkillsMicrosoft Office-Word, ExcelDetail orientationAbility to manage multiple priorities and multi taskExcellent time management and prioritization skillsAbility to meet tight deadlines, ability and willingness to continuously learn on the jobAbility to problem-solve and take ownership of process improvementsAbility to work in a team environmentExcellent verbal and written communication skills with ability to communicate with various stakeholdersSkills:Attention to DetailCustomer and Client FocusOral CommunicationsPrioritizationProblem SolvingAccount ManagementAnalytical ThinkingCoachingWritten CommunicationsMentoringResearchResult OrientationShift:1st shift (United States of America)Hours Per Week:40