Global Collateral Operations Support Specialist - Global Markets Operations - Global Operations

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 Summary:

This role is to join the Optimization team in the US within Global Collateral Operations.

The primary responsibility of the position is to provide comprehensive support of day-to-day collateral funding processes for the Americas while ensuring appropriate risk mitigation controls are followed.

In addition, the ideal candidate will support ancillary initiative work geared toward developing and implementing innovative service solutions to meet clients’ needs globally.

Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm.

Responsibilities:
• 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 an evolving client base.
• Daily escalations and support.
• Managing client issues, meetings, or inquiries.
• Coordinate and provide updates/commentary for monthly MIS to senior management.
• Responsible for weekly breaks meeting with senior manager.
• Identify areas for improvement on client metrics or business metrics.
• Business as usual managerial support and back-up.
• Meeting with internal business partners.

Required Skills:
• A strong understanding of financial markets preferably Fixed Income and Derivative products.
• Past experience with operational processes as they relate to fixed income and derivative products.
• Strong communication skills.
• Ability to meet deadlines and work autonomously.
• Ability to handle high pressure situations.
• Proficient in Excel and PowerPoint.

Skills

• College degree or related work experience.

• Ability to juggle multiple tasks.
• Organizational skills with emphasis on the ability to prioritize responsibilities.
• Track record of working in detail oriented roles.

• An understanding of financial markets documentation (ISDA CSA, GMRA, MRA, etc.).

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range$70,000.00 - $139,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.