Wealth Ops: Securities Settlement Team Lead

Bank of America; Jacksonville (FL); On-site; USD 70,000 - 95,000; Full time

Job summary

Bank of America is seeking a securities operations professional to oversee day-to-day transaction processing within Wealth Management Operations. The role focuses on supervising the team, training staff, and addressing inquiries while ensuring accurate and timely processing of payments and settlements.

Responsibilities include completeness assessments, issue resolution, and escalation as needed, with strong emphasis on process controls and cross-functional collaboration with Finance, Risk,

Qualifications

• 3+ years of experience in securities operations, settlement, custody, banking operations, financial services, or a related operational environment.
• Working knowledge of securities settlement processes, including Mutual Funds, Alternative Investments, trade settlement, liquidations, and exception management.
• Experience performing account reconciliations, cash balancing, General Ledger research, and financial control activities.
• Ability to analyze operational exceptions, identify root causes, and implement effective resolutions.
• Strong attention to detail with a demonstrated ability to manage multiple priorities and meet strict deadlines in a high-volume environment.
• Proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Outlook.
• Strong verbal and written communication skills with the ability to partner effectively across Operations, Finance, Risk, Compliance, and Technology teams.
• Proven ability to work independently while exercising sound judgment and decision-making skills.

Responsibilities

• Performs a completeness, accuracy and risk assessment of outgoing payments or according to the established guidelines and procedures.
• Researches and resolves numerical errors received on a report or when an internal or external business partner notifies the team by applying procedures and escalation using a trouble shooting guide and engaging support partners when needed.
• Responds to internal or external business partner inquiries related to errors via written communication and escalates more challenging issues to leadership as needed.
• Understands the process flow from end to end including the reasons for each step, the process controls, the risks within the process and the upstream/downstream

Skills

Securities operations

Settlement processes

Account reconciliations

Financial controls

Analytical skills

Excel proficiency

Communication skills

Multitasking

Job description

Bank of America is seeking a securities operations professional to oversee day-to-day transaction processing within Wealth Management Operations. The role focuses on supervising the team, training staff, and addressing inquiries while ensuring accurate and timely processing of payments and settlements.

Responsibilities include completeness assessments, issue resolution, and escalation as needed, with strong emphasis on process controls and cross-functional collaboration with Finance, Risk,