Job details

Market Support Analyst: Corporate FX Operations

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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.

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:

This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.

Responsibilities:

-Responsible for the confirmation and settlement of FX transactions and any subsequent investigation and resolution of exceptions/breaks

-Analysis and ownership of a variety of FX (Foreign Exchange) operational processes in a challenging and fast paced environment, ensuring sustained proficiency and accuracy for all tasks

-Support the regional settlement of Mergers and Acquisition related transactions.

-Communication by phone and email is required whilst providing exceptional customer service to both client and internal service partners.

-Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms

-Ensures transactions are completed in an accurate and timely manner

-Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management

-Conducts daily monitoring of client trading activity across multiple markets, servicing clients' needs

-Completes accurate, timely clearing and settlement of trades with internal and external counterparties, including reconciliation management and governance of trade fails and breaks

-Performs tasks accurately during high volume periods in a team environment

-Identifies and flags potential risks in a timely manner

Required Skills:

-At minimum 1 year operations experience or equivalent college degree

• An effective and clear communicator across various levels within the organization with an ability to influence positive outcomes.

• Strong organizational skills with the ability to prioritize and manage workload through fluctuating volume periods; ability to multi task whilst managing competing priorities and deliveries.

• Self-motivated individual who demonstrates and encourages collaboration within and beyond his/her team.

• Excellent attention to detail and minimal history of errors. Holds self and others accountable for high performance standards.

• Logical approach to problem solving; intellectually curious.

• Continuous learner with a desire to become a subject matter expert within the team.

Desired Skills:

Experience working in a financial institution in an Operations environment supporting OTC and/or FX or other institutionally traded financial products.

Skills:

Collaboration
Customer and Client Focus
Oral Communications
Prioritization
Active Listening
Adaptability
Business Acumen
Client Management
Data Collection and Entry

Shift:

1st shift (United States of America)

Hours Per Week:

Average salary estimate

$65000 / YEARLY (est.)

min

max

$55000K

$75000K

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What You Should Know About Market Support Analyst: Corporate FX Operations, GHR

At Bank of America, we believe in making financial lives better, and as a Market Support Analyst in Corporate FX Operations, you play a vital role in that mission right here in Charlotte. This position is all about providing seamless operational support across various financial products like securities, loans, and derivatives throughout the entire lifecycle of a trade. You'll be diving into responsibilities such as confirming and settling FX transactions, ensuring everything runs smoothly even under pressure. We’re looking for someone who loves problem-solving and thrives in a fast-paced environment. Your day-to-day will involve communicating with clients and internal partners to deliver exceptional service, maintaining core data, and monitoring trading activities to meet compliance standards. Collaboration is key as you'll work with a talented team while always keeping an eye out for potential risks. Whether it's through organizing trade processes or managing operational activities, your contribution will ensure that we execute trades accurately and efficiently. At Bank of America, we value diversity and are committed to fostering a workplace that supports your growth and well-being. Join us, and take this opportunity to build a career that makes a real impact!

Frequently Asked Questions (FAQs) for Market Support Analyst: Corporate FX Operations Role at GHR

What are the responsibilities of a Market Support Analyst at Bank of America?

As a Market Support Analyst at Bank of America, you will handle confirmation and settlement of FX transactions, resolve transaction exceptions, and provide operational support across various trading activities. Additionally, your role involves maintaining data accuracy and providing exemplary customer service to internal and external partners.