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Fixed Income Trade Control Analyst - Special Situations Group - Structured Products

Charlotte, North Carolina

Job Description:

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Job Summary:

Team: Special Situations Group - Structured Products Trade Control

The Fixed Income, Currency and Commodities (FICC) Operations team performs end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses. This includes services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

Special Situations Group Structured Trade Control analysts produce detailed daily reporting in support of the Credit Asset Funding desk. The analysts review lending assets, client reports, collateral eligibility and instrument static data to produce detailed client and risk reporting. The analysts work with CAF Trading and Credit Risk partners to ensure that lending products meet all risk criteria. Analysts will become familiar with Leveraged Loan/High Yield Bond market terminology and in preparing internal and external reporting. SSG-Structured analysts work with our technology partners to build out our reporting platform and to produce ad-hoc reporting using loan market data from vendors such as Markit and Bloomberg. Trade control analysts will liase with the CAF Trading Desk, Technology, Loan and Collateral Operations, Finance, and Settlements daily in support of the business. Analysts utilize reconciliation tools to help them analyze and clear breaks in support of our lending facilities.

Responsibilities

+ Produce and analyze detailed reporting highlighting the client's adherence to deal covenants

+ Timely response to client queries regarding the settlement of their trades

+ System breakanalysis, and resolution

+ Work with Trading and Technology partners to prepare and test new deal reporting

+ Liaising with other internal departments to ensure timely resolution of Client inquiries

+ Involvement in ad hoc projects for new processes or industry initiatives

+ Highlight any collateral deficiencies to CAF desk

+ Liase with internal partners to ensure proper client reporting and assist with regulatory reporting

+ Assist with developing additional control routines and cross training across broader team

Required Qualifications:

+ Must be client focused with proven track record of excellent communication and interpersonal skills with the ability to present to an audience

+ Ability to successfully navigate and connect within a matrix work environment

+ Must be self-motivated and able to work independently

+ Must be able to operate successfully in a fast paced environment

+ Must be detail oriented with a heavy focus on monitoring clients adherence to limits

+ Proficient in Microsoft Office, particularly Excel

+ Excellent teamwork skills and ability to work with a wide user group across multiple functions.

+ Significant control and risk management mindset.

**Desired Qualifications** :

+ Previous experience within a client service team with particular focus on responding to client inquiries

+ Knowledge of Operational Risk

+ Working knowledge of building and maintaining Alteryx workflows

+ Working knowledge of Bloomberg API functionality and ability to navigate Bloomberg screens

+ Working knowledge of corporate loans market

+ Credit Derivative and Total Return Swap background

Shift:

1st shift (United States of America)

Hours Per Week:

40

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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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.