Officer, Rates Trade Support, Global Markets Operations and Middle Office recruitment
Overview
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Job Description
Rates Trade Support
Responsibilities
- Trader Support - Trade entry, Trade revisions Trade Reconciliations.
- Working closely with FO in adding value
- Manage a growing team of associates
- Resolving Trade discrepancies with Counterparties; Traders Confirmations Team.
- Participate in new product reviews, global projects and UAT
- Static Data Set ups - New Curves for New Products; Books; Strategies Calendar Validation.
- Investigate and resolve trade position breaks
- Liaise with credit, legal, on boarding teams and static data teams to ensure no authorized trades are allowed
- Monitor Trade Life Cycle events - Option Exercise / Expiry.
- Liaise with product valuation group, accounting policy group and finance for the implementation and maintenance of valuation methodologies for non-vanilla commodity instruments for daily market to market purposes
- Actively liaise with support partners viz. Settlements, Confirmations, Credit, Legal, IT, Compliance, and Accounting teams to resolve issues provide solution.
- Stay close to the traders to learn the types of deals they are doing in order to anticipate booking and implications of any downstream processes
- Actively contribute in rolling out new business initiatives and projects
Requirements
- Minimum of 2-3 years experience working in OTC Fixed Income Derivatives or similar Middle Office environment
- With Knowledge of the following products types: Interest rate swaps, Cross currency swaps, overnight Index Swaps, Caps/Floors
- Working knowledge of OTC Derivative front -to-back workflow
- Able to manage multiple tasks/priorities/projects
- Ability to work under pressure, working to deadlines and dealing with high volumes
- Strong communication skills - written and verbal