Information Management Consultant

Bank of America; New York (NY); On-site; USD 68,000 - 107,000; Full time

Job summary

A leading financial institution is looking for a dedicated professional for managing and analyzing financial data. The role involves complex problem solving, regulatory compliance, and ensuring accurate reporting of client information. Ideal candidates will have a strong background in documentation and operations within the financial sector. Join a dynamic team committed to responsible growth and make an impact within the industry.

Benefits

Industry-leading benefits

Access to paid time off

Resources for employee wellness

Qualifications

• Three years of experience in a documentation-related operations position in the financial industry, preferably middle office.
• Familiarity with common regulatory protocol adherences such as Dodd Frank and EMIR.

Responsibilities

• Manages end-to-end resolution of complex client issues and inquiries.
• Supports process improvements and initiatives across multiple stakeholders.
• Performs quality assurance reviews and ensures performance metrics are met.

Skills

Account Management

Attention to Detail

Customer and Client Focus

Problem Solving

Analytical Thinking

Controls Management

Research

Trade Operations Management

Education

Bachelor’s degree or equivalent work experience

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!

Job Description:

This job is responsible for complex activities supporting the assignment, sourcing, gathering, furnishing and movement of financial and client information and data. Key responsibilities include end-to-end ownership of issue resolution, working across multiple operations and product specialists, and ensuring procedures are clearly documented and up to date. This role also may support projects and initiatives and prepare executive-level reports and presentations, while providing deep subject matter expertise.

Line of Business Job Description:

The Good To Trade (GTT) team is part of the Legal Entity & Agreements Data team for Global Banking and Markets and is responsible for overseeing the completeness, accuracy, and application of counterparty regulatory submissions / data required for regulatory compliance and GTT/NGTT status.This includes regulatory adherences by protocol and bilateral agreements, trading agreement data (ISDAs, CSAs, MSFTA. PB Agreements, Futures, Repo).This role provides an opportunity to handle the daily flow of regulatory data, newly signed agreements, along with managing other strategic data related projects with a strong focus on good to trade data and the application of logic against that data to determine accurate counterparty trade statuses. This will entail the review of agreements, regulatory submissions, identifying pertinent information, and ensuring the data profiled in the systems is accurate.Additionally the employee will need to perform a variety of onboarding validations as a part of the role.The role also includes testing as part of technology releases.This employee will also help aggregate and analyze large volumes of data that require reconciliation.

Other Responsibilities include:

• Review and interpret regulatory submissions and agreements
• Accurately extract and QA data and upload agreement into contract repository
• Track status and assist with reporting
• Check various Good to Trade (GTT) status to ensure that the new counterparty is GTT
• Assist Onboarding team with various requests and issues
• Manage ad hoc projects as needed related to agreement data or management of the group
• Contribute to the updating of team procedures guide as needed
• Ensuring Daily Marks email capture is complete

Responsibilities:

• Performs complex activities supporting the assignment, sourcing, gathering, furnishing and movement of financial and client information and data according to the established guidelines and procedures
• Leads end-to-end resolution of complex client issues and inquiries, including research, escalation and approvals for items with high levels of monetary risk
• Drives execution of complex financial and non-financial client transactions
• Supports process improvements, requirements, and initiatives across multiple stakeholders
• Performs quality assurance reviews, testing and training to ensures high performance accuracy of performance metrics and quality standards
• Supports risk management and audit processes, including identification of issues, development of mitigation strategies, and exam preparation
• Reviews and updates procedures as needed to ensure they are accurate and up-to-date

Required Qualifications:

• Familiarity with at least some of the most common regulatory protocol adherences we handle – Dodd Frank, SEC SBS, EMIR, etc.
• Bachelor’s degree or equivalent work experience handling legal paperwork, authoring and maintaining procedure manuals, etc.
• Three years of experience working in a documentation-related operations position in the financial industry, preferably middle office.

Desired Qualifications :

• Work experience with other parts of the onboarding process for derivatives counterparties – e.g. agreement data quality or accounts setup (either exposure or collateral).
• Running of or participation in data remediation projects for regulatory data in the derivatives space
• Experience handling complex client issues and inquiries relating to setups in systems with counterparty attributes, sleeves, etc.
• Knowledge of the actual trading master agreements (ISDAs, REPOs, etc.) and their clauses

Skills:

• Account Management
• Attention to Detail
• Customer and Client Focus
• Problem Solving
• Analytical Thinking
• Controls Management
• Result Orientation
• Research
• Trade Operations Management

Shift:

1st shift (United States of America)

Job Description:

About Us

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!

Job Description:

This job is responsible for complex activities supporting the assignment, sourcing, gathering, furnishing and movement of financial and client information and data. Key responsibilities include end-to-end ownership of issue resolution, working across multiple operations and product specialists, and ensuring procedures are clearly documented and up to date. This role also may support projects and initiatives and prepare executive-level reports and presentations, while providing deep subject matter expertise.

Line of Business Job Description:

The Good To Trade (GTT) team is part of the Legal Entity & Agreements Data team for Global Banking and Markets and is responsible for overseeing the completeness, accuracy, and application of counterparty regulatory submissions / data required for regulatory compliance and GTT/NGTT status.This includes regulatory adherences by protocol and bilateral agreements, trading agreement data (ISDAs, CSAs, MSFTA. PB Agreements, Futures, Repo).This role provides an opportunity to handle the daily flow of regulatory data, newly signed agreements, along with managing other strategic data related projects with a strong focus on good to trade data and the application of logic against that data to determine accurate counterparty trade statuses. This will entail the review of agreements, regulatory submissions, identifying pertinent information, and ensuring the data profiled in the systems is accurate.Additionally the employee will need to perform a variety of onboarding validations as a part of the role.The role also includes testing as part of technology releases.This employee will also help aggregate and analyze large volumes of data that require reconciliation.

Other Responsibilities include:

• Review and interpret regulatory submissions and agreements
• Identify pertinent information
• Accurately extract and QA data and upload agreement into contract repository
• Track status and assist with reporting
• Check various Good to Trade (GTT) status to ensure that the new counterparty is GTT
• Assist Onboarding team with various requests and issues
• Manage ad hoc projects as needed related to agreement data or management of the group
• Contribute to the updating of team procedures guide as needed
• Ensuring Daily Marks email capture is complete

Responsibilities:

• Performs complex activities supporting the assignment, sourcing, gathering, furnishing and movement of financial and client information and data according to the established guidelines and procedures
• Leads end-to-end resolution of complex client issues and inquiries, including research, escalation and approvals for items with high levels of monetary risk
• Drives execution of complex financial and non-financial client transactions
• Supports process improvements, requirements, and initiatives across multiple stakeholders
• Performs quality assurance reviews, testing and training to ensures high performance accuracy of performance metrics and quality standards
• Supports risk management and audit processes, including identification of issues, development of mitigation strategies, and exam preparation
• Reviews and updates procedures as needed to ensure they are accurate and up-to-date

Required Qualifications:

• Familiarity with at least some of the most common regulatory protocol adherences we handle – Dodd Frank, SEC SBS, EMIR, etc.
• Bachelor’s degree or equivalent work experience handling legal paperwork, authoring and maintaining procedure manuals, etc.
• Three years of experience working in a documentation-related operations position in the financial industry, preferably middle office.

Desired Qualifications :

• Work experience with other parts of the onboarding process for derivatives counterparties – e.g. agreement data quality or accounts setup (either exposure or collateral).
• Running of or participation in data remediation projects for regulatory data in the derivatives space
• Experience handling complex client issues and inquiries relating to setups in systems with counterparty attributes, sleeves, etc.
• Knowledge of the actual trading master agreements (ISDAs, REPOs, etc.) and their clauses

Skills:

• Account Management
• Attention to Detail
• Customer and Client Focus
• Problem Solving
• Written Communications
• Analytical Thinking
• Controls Management
• Prioritization
• Result Orientation
• Mentoring
• Research
• Trade Operations Management

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)Pay and benefits informationPay range$68,000.00 - $106,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

About the company

Bank of America is one of the world's largest financial institutions, serving individuals, 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.

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