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Bank of America Sr Relationship Manager II - Equity Trade Control - NYC in New York, New York

Sr Relationship Manager II - Equity Trade Control - NYC

New York, New York

Job Description:

As part of the Americas Equity Trade Control team, the candidate will be responsible for providing all aspects of operational trade support to the Equities sales and trading businesses. The role provides operational support for an exciting and fast paced set of businesses across Equities. The candidate will collaborate with business partners alongside end to end functional areas in order to deliver on business and operational objectives for the Global Markets Equities division. The candidate will be responsible for ensuring operational support across the lifecycle of a trade for related lines of business, drive booking accuracy, and process improvements. The position will provide opportunities to drive change, improve controls, influence front to back operational processes and exposure to several lines of businesses and products. The individual will also have opportunities to 1) develop thorough understanding of business processes, products, and market workflows; 2) participate in assignments across the department for supporting various trading desks to gain well rounded knowledge of various products and processes; 3) coordinate with Trading, Sales, and other support functions to build their network and gain an in-depth understanding of the end to end business.

Key Responsibilities:

  • Perform operational activities of the trade support functions: equity swaps and derivatives lifecycle management, corporate action processing, cash equity processing, trade allocations, trade amends, trade break research and resolution, regulatory reporting, static data maintenance

  • Responsible for trade validation and trade amendment booking. Analysis and resolution of a wide variety of problems across cash equity and equity derivative products that may require special handling or exception reporting

  • Collaborate with various areas across Global Markets such as trading, sales, trade control, risk, credit, COOs, legal, compliance and other operational areas

  • Participates in the introduction of new project initiatives, systems, and process improvements to increase efficiency and enhance controls

  • Handle ad hoc requests from trading, sales and client(s)

  • Collaborate daily with peers across functional areas based in US, EMEA and APR to ensure seamless and consistent global front to back support

  • Develop and analyze processes, procedures, control checklist and metrics

  • Collaborates with business, compliance, supervision, and risk to ensure procedures are compliant and up to date

  • Leverage understanding of the performance drivers for the GBAM businesses to create value add analysis and lead strategic insights

  • Identify opportunities and drive change to improve booking accuracy

  • Maintaining trading book, instrument and client reference data

Enterprise Role Overview:

Working independently, maintains and enhances relationships with existing institutional clients. Promotes investment product sales through frequent client meetings and discussions covering investment strategy, account performance, new products, and market developments. Works closely with sales, portfolio managers, product specialists and/or client service staff to coordinate all sales and support activities for assigned accounts. Covers medium-sized and/or less complex institutional accounts. Has a thorough understanding of the assigned accounts' requirements. Provides guidance to more junior staff , but has no formal supervisory responsibility. Has five or more years of portfolio management, sales, marketing, or relationship management experience. Often has a CFA. Possesses a strong knowledge of the firm's products and services. Based on performance and experience, does not have the prominence of a Senior Level I.

Required Skills: (Must have these skills to be minimally qualified)

  • 2+ years of trade support or equivalent experience

  • Knowledge of equity markets and lifecycle management processing of cash equities, equity swaps, and/or equity derivatives products

  • Comfortable communicating with clients, senior business and support partners

  • Attention to detail and a control mindset

  • Intellectually curious, takes initiative, and operates with urgency

  • Advanced knowledge of Excel and MS Office suite

  • Ability to work well in a team environment

  • Ability to multi-tasking and work in a high pressured environment

  • Demonstrated ability to drive change and tasks to completion

  • Excellent written and verbal communication/presentation skills

  • Basic understanding of regulatory environment and industry initiatives

Desired Skills:

  • Industry certifications a plus, but not required

  • Bachelor degree or substantially equivalent business experience

  • Understands operational activities related to Trade Support functions

  • Familiarity with trade capture, client onboarding, and risk systems a plus

  • Product experience and knowledge of relevant financial instruments preferred. Industry certifications a plus, but not required

  • Strong operational processing and risk control skills

  • Self-starter with outstanding problem solving skills. Excels at ‘getting things done’ with minimal direction

  • Take responsibility for delivering high quality work and have a track record of outperformance and delivery

  • Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently

Other 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.

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

As part of the Americas Equity Trade Control team, the candidate will be responsible for providing all aspects of operational trade support to the Equities sales and trading businesses. The role provides operational support for an exciting and fast paced set of businesses across Equities. The candidate will collaborate with business partners alongside end to end functional areas in order to deliver on business and operational objectives for the Global Markets Equities division. The candidate will be responsible for ensuring operational support across the lifecycle of a trade for related lines of business, drive booking accuracy, and process improvements. The position will provide opportunities to drive change, improve controls, influence front to back operational processes and exposure to several lines of businesses and products. The individual will also have opportunities to 1) develop thorough understanding of business processes, products, and market workflows; 2) participate in assignments across the department for supporting various trading desks to gain well rounded knowledge of various products and processes; 3) coordinate with Trading, Sales, and other support functions to build their network and gain an in-depth understanding of the end to end business.

Key Responsibilities:

  • Perform operational activities of the trade support functions: equity swaps and derivatives lifecycle management, corporate action processing, cash equity processing, trade allocations, trade amends, trade break research and resolution, regulatory reporting, static data maintenance

  • Responsible for trade validation and trade amendment booking. Analysis and resolution of a wide variety of problems across cash equity and equity derivative products that may require special handling or exception reporting

  • Collaborate with various areas across Global Markets such as trading, sales, trade control, risk, credit, COOs, legal, compliance and other operational areas

  • Participates in the introduction of new project initiatives, systems, and process improvements to increase efficiency and enhance controls

  • Handle ad hoc requests from trading, sales and client(s)

  • Collaborate daily with peers across functional areas based in US, EMEA and APR to ensure seamless and consistent global front to back support

  • Develop and analyze processes, procedures, control checklist and metrics

  • Collaborates with business, compliance, supervision, and risk to ensure procedures are compliant and up to date

  • Leverage understanding of the performance drivers for the GBAM businesses to create value add analysis and lead strategic insights

  • Identify opportunities and drive change to improve booking accuracy

  • Maintaining trading book, instrument and client reference data

Enterprise Role Overview:

Working independently, maintains and enhances relationships with existing institutional clients. Promotes investment product sales through frequent client meetings and discussions covering investment strategy, account performance, new products, and market developments. Works closely with sales, portfolio managers, product specialists and/or client service staff to coordinate all sales and support activities for assigned accounts. Covers medium-sized and/or less complex institutional accounts. Has a thorough understanding of the assigned accounts' requirements. Provides guidance to more junior staff , but has no formal supervisory responsibility. Has five or more years of portfolio management, sales, marketing, or relationship management experience. Often has a CFA. Possesses a strong knowledge of the firm's products and services. Based on performance and experience, does not have the prominence of a Senior Level I.

Required Skills: (Must have these skills to be minimally qualified)

  • 2+ years of trade support or equivalent experience

  • Knowledge of equity markets and lifecycle management processing of cash equities, equity swaps, and/or equity derivatives products

  • Comfortable communicating with clients, senior business and support partners

  • Attention to detail and a control mindset

  • Intellectually curious, takes initiative, and operates with urgency

  • Advanced knowledge of Excel and MS Office suite

  • Ability to work well in a team environment

  • Ability to multi-tasking and work in a high pressured environment

  • Demonstrated ability to drive change and tasks to completion

  • Excellent written and verbal communication/presentation skills

  • Basic understanding of regulatory environment and industry initiatives

Desired Skills:

  • Industry certifications a plus, but not required

  • Bachelor degree or substantially equivalent business experience

  • Understands operational activities related to Trade Support functions

  • Familiarity with trade capture, client onboarding, and risk systems a plus

  • Product experience and knowledge of relevant financial instruments preferred. Industry certifications a plus, but not required

  • Strong operational processing and risk control skills

  • Self-starter with outstanding problem solving skills. Excels at ‘getting things done’ with minimal direction

  • Take responsibility for delivering high quality work and have a track record of outperformance and delivery

  • Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently

Other 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.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21055358

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Viviana Renshaw

Referral Bonus:

0

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 .

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