OTC Derivatives Trade & Operations Specialist

Bank of America; Pennington (NJ); On-site; USD 34,000 - 51,000; Full time

Benefits offered by this job

Industry-leading benefits

Paid time off

Job summary

Bank of America in Pennington, NJ, is seeking a detail-oriented professional to support moderately complex transaction processing and reconciliation within the Investment Solutions Group OTC Derivative desk. You will assist with pre-trade and post-trade inquiries and ensure proper collateralization and risk management.

The role requires at least 1 year in financial services, familiarity with trade life-cycle events, and strong communication.

Qualifications

• A minimum of 1-year related experience in financial services.
• Experience supporting a financial product or marketing desk.
• Knowledge of trade life-cycle events.
• Proven ability to multi-task in a fast-paced trading environment
• Detail oriented with strong communication and interpersonal skills.

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
• Liaise with multiple areas supporting OTC Derivative trading including Credit, Risk Analytics, Margin/Collateral, and the Product Assessment Group

Skills

Attention to detail

Customer focus

Oral communication

Prioritization

Problem solving

Account management

Analytical thinking

Coaching

Written communication

Mentoring

Research

Results oriented

Tools

Trades processing systems

Job description

Bank of America in Pennington, NJ, is seeking a detail-oriented professional to support moderately complex transaction processing and reconciliation within the Investment Solutions Group OTC Derivative desk. You will assist with pre-trade and post-trade inquiries and ensure proper collateralization and risk management.

The role requires at least 1 year in financial services, familiarity with trade life-cycle events, and strong communication.