Job Information
Bank of America ETF Operations Analyst in Jacksonville, Florida
ETF Operations Analyst
Jacksonville, Florida
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.
"This position will involve various tasks that are used to mitigate firm and client risk across multiple entities and platforms. Primary responsibility is the processing of Buy In notices & executions for trade resolution related to 161, 671, Broadcort, MLPRO and Stock Loan. There will be daily interaction via email and phone calls with contra brokers, trade support teams, trading desks, branch offices, Broadcort and MLPRO clients and other internal Operation areas. Daily processing tasks include mitigation of firm risk/exposure by ensuring proper Buy In notices are sent out to contra brokers via DTC SmartTracks application, sending and receiving manual notifications via email as well as sending manual Buy In notifications to internal clients/traders who are short on stock record. Associate will be responsible for learning and adhering to FINRA, SEC and other Regulatory Buy In rules. Associate will be required to multi task in a high volume, fast paced environment all while meeting regulatory deadlines.
Responsibilities:
Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures
Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service
Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions
Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units
Required Qualifications:
4+ years related brokerage operations experience
Ability to escalate appropriately and obtain problem solving skills
Solid oral & written communication skills
Ability to independently manage small and medium sized projects
Ability to multitask in a high volume/fast paced environment
Ability to learn and understand different Buy In functions relating to 161, 671, Broadcort, MLPRO and Stock Loan
Ability to learn and understand FINRA, SEC and other Regulatory Buy In Rules
Able to work from 9am-6pm with OT potential
Desired Qualifications:
College degree, line of study relevant to job role preferred
Knowledge of trade lifecycle or stock market
Strong motivation to succeed
Understanding of Risk & Control issues
Ability to create, modify and use macros"
Skills:
Attention to Detail
Customer and Client Focus
Oral Communications
Prioritization
Problem Solving
Account Management
Analytical Thinking
Coaching
Written Communications
Mentoring
Research
Result Orientation
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .