Bank of America
Location
Charlotte, North Carolina, United States
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!
LOB Description The Fed Settlements Analyst is an integral position within the financial services sector, responsible for ensuring the smooth and efficient operation of the settlement process for transactions executed through the Federal Reserve by the trading desk. In today’s rapidly evolving financial landscape, the importance of precise and timely settlements cannot be understated. The analyst will engage with various teams, including daily engagements with the trading and sales desks, operational teams, and regulatory bodies to facilitate optimal settlement practices. Furthermore, this role will involve resolving discrepancies in transaction records, ensuring compliance with regulatory standards, and implementing best practices to enhance settlement processes. The ideal candidate will be adept at leveraging analytical skills to interpret data, predict potential settlement issues, and develop strategies to mitigate risks. This position offers the opportunity to contribute to the wider financial ecosystem, enhance professional development, and participate in initiatives that drive process improvement and operational excellence.
Responsibilities
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 Qualifications
Ability to work under pressure and manage multiple priorities in a fast‑paced environment.
Presentable, confident and client focused. Client facing experience or ability to conduct discussions with Clients in a confident manner
Excellent communications skills and ability to present to an audience
Ability to work under pressure in a team environment
Ability to liaise with all levels of the firm and people with different experiences and backgrounds
Self‑motivated and able to work unsupervised. Candidate will be able to manage own time and know when to elevate
Knowledge of Operational Risk, Client Money Protection and Funding
Desired 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
Skills
Customer and Client Focus
Oral Communications
Business Acumen
Client Management
Data Collection and Entry
Shift: 1st shift (United States of America)
Hours Per Week: 40
Full time
Job ID: JR-25047684
Travel: No
Age requirement: Must be at least 18 years of age.
#J-18808-Ljbffr
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!
LOB Description The Fed Settlements Analyst is an integral position within the financial services sector, responsible for ensuring the smooth and efficient operation of the settlement process for transactions executed through the Federal Reserve by the trading desk. In today’s rapidly evolving financial landscape, the importance of precise and timely settlements cannot be understated. The analyst will engage with various teams, including daily engagements with the trading and sales desks, operational teams, and regulatory bodies to facilitate optimal settlement practices. Furthermore, this role will involve resolving discrepancies in transaction records, ensuring compliance with regulatory standards, and implementing best practices to enhance settlement processes. The ideal candidate will be adept at leveraging analytical skills to interpret data, predict potential settlement issues, and develop strategies to mitigate risks. This position offers the opportunity to contribute to the wider financial ecosystem, enhance professional development, and participate in initiatives that drive process improvement and operational excellence.
Responsibilities
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 Qualifications
Ability to work under pressure and manage multiple priorities in a fast‑paced environment.
Presentable, confident and client focused. Client facing experience or ability to conduct discussions with Clients in a confident manner
Excellent communications skills and ability to present to an audience
Ability to work under pressure in a team environment
Ability to liaise with all levels of the firm and people with different experiences and backgrounds
Self‑motivated and able to work unsupervised. Candidate will be able to manage own time and know when to elevate
Knowledge of Operational Risk, Client Money Protection and Funding
Desired 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
Skills
Customer and Client Focus
Oral Communications
Business Acumen
Client Management
Data Collection and Entry
Shift: 1st shift (United States of America)
Hours Per Week: 40
Full time
Job ID: JR-25047684
Travel: No
Age requirement: Must be at least 18 years of age.
#J-18808-Ljbffr