Reconciliation Operations Professional - Global Operations - Global Markets Operations

Bank of America; Charlotte (NC); On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Reconciliation Operations Professional to join their Global Markets Operations team. This role involves providing analytical support, managing projects, and improving reconciliation processes. The successful candidate will thrive in a fast-paced environment, collaborating with diverse teams and driving operational excellence. With a commitment to innovation and a focus on enhancing client experiences, this position offers a unique opportunity to make a significant impact in the financial sector. If you're self-motivated and eager to contribute to a culture of diversity and inclusion, this role is perfect for you.

Qualifications

• Experience with reconciliation systems and strong Excel skills are essential.
• Ability to problem solve and work independently is crucial.

Responsibilities

• Manage time and prioritize tasks to meet tight deadlines.
• Contribute to daily production work through responsible reconciliations.
• Analyze and resolve complex operational problems.

Skills

Reconciliation Systems Experience

Excel (Pivot Tables, VLOOKUP's)

Strong Communication Skills

Problem Solving

Team Collaboration

Attention to Detail

Critical Thinking

Job description

Reconciliation Operations Professional - Global Operations - Global Markets Operations

Reconciliation Operations Professional - Global Operations - Global Markets Operations

Apply locations Charlotte time type Full time posted on Posted Yesterday job requisition id 25014397

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 a diverse and 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.

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 providing analytical support in a Global Markets Operations function for one or more operations product areas.

Key responsibilities include analyzing and resolving highly complex operations problems and initiatives requiring exceptional handling and coordination of multiple operational and/or product specialists to resolve.

Job expectations include managing projects and the introduction of new initiatives, systems, products, services, and processes and coordinating necessary expertise across multiple operations functions and products.

The position will support the Global Accounting & Reconciliation Team within Global Operations Shared Operations.

Functions include but are not limited to: preparation of daily / monthly reconciliations including month-end balance sheet attestation.

Partake in tactical and strategic projects focused on improving the reconciliation space, executing controls to reduce risk across the recon utility, and overall support of the operating model.

Responsibilities:

• Successful candidate will be able to manage own time, prioritize to meet tight deadlines and know when to escalate.
• Serve as a reconciliation team member contributing to daily BAU production work through the completion of responsible reconciliations.
• Contribute to reducing risks and driving operational excellence in the reconciliation space including but not limited to:
• Initiatives involving automation & streamlining of processes to reduce time spend and improve the overall reconciliation experience.
• Deep dive analysis of reconciliations and related processes to identify issues and areas of improvement.
• Operational Excellence initiatives related to the implementation of workflow and reconciliation tools aimed at streamlining daily recon production and break management workflows.
• Integral in sharing knowledge across the team by working through real-world break scenarios and using opportunities to guide / coach others.

• Confirms loan documentation for accurate trade settlements.
• Partners with Sales Associates, Traders, Research Analysts, trading counterparties, internal and external attorneys, administrative agent banks, and various other internal operations groups.
• Manages post-trade management and logistics, settlement pricing, and closing coordination.
• Analyzes and resolves highly complex operational problems.
• Supports ad-hoc projects for new processes or industry initiatives.
• Processes loans end-to-end with accurate data input into various credit and operating systems.

Required Skills:

• Experience with reconciliation systems.
• Strong Excel experience (Pivot Tables, VLOOKUP's).
• Strong communication skills (written and verbal).
• Demonstrated ability to problem solve and work independently.
• Ability to work under pressure in a team environment.
• Demonstrated experience liaising and working across various teams.
• Self-motivated and inquisitive.

Other Skills:

• 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.
• Attention to Detail.
• Critical Thinking.

Shift: 1st shift (United States of America)

Hours Per Week: 40