Job Details

ID #17319797
State North Carolina
City Charlotte
Job type Permanent
Salary USD TBD TBD
Source Bank Of America
Showed 2021-07-26
Date 2021-07-25
Deadline 2021-09-23
Category Sales
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Trade Control Analyst - Central Funding Desk

North Carolina, Charlotte, 28201 Charlotte USA

Vacancy expired!

Job Description:

Enterprise overview:

Supervises trade booking and trade validation. Responsible for the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting. Supports ongoing trade maintenance and reporting and supports the implementation of improvements to the system infrastructure and control environment. Introduces new initiatives, products and services, and procedural, systems or hardware solutions to improve efficiency. Provides analyses. Requires product experience and knowledge of financial instruments accounting relevant to the area supported. Provides general team guidance. May provide input to recruiting and hiring & performance mgt processes. BA preferred or substantially equivalent experience. Typically 5-7 years of applicable experience. To be used for employees in Global Markets only.

Job Description:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform 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.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the trade-capture workflow for the Central Funding Desk (CFD) within Global CPM (Counterparty Portfolio Management), with a focus on Structured Notes and related hedge products. The CFD desk is responsible for the issuance and risk management of the bank's Structured Notes portfolio.

Within CFD, the desk issues structured notes with exposure across multiple asset classes - Equities, Credit, FX, Rates, and Commodities. The role primarily consists of: assisting the business with trade bookings of derivative products across multiple trade capture systems, understanding trade capture risk and underlying drivers of PnL, enhancing current support infrastructure, and performing reconciliation between front-office risk systems and back-office sub-ledgers. The role works closely with multiple business partners, including Front Office, Market Risk, Technology, Finance, and Compliance.

The desired candidate should possess a working understanding of derivatives products. These would include Structured Notes, IR Swaps, Swaptions, Equity Futures etc., with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.

Position Description:

• Work in a fast-paced environment with direct communications with Trading Desk and Sales

• Monitor workflow in the primary trade capture system, as well as system of record

• Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems

• Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, e.g. booking errors leading to fee discrepancies.

• Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.

• Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME (Subject-Matter Expert)-level support.

• Ensure internal risk positions are appropriately reflected to mitigate any risk to the firm's capital

• Ensure initial trade bookings, trade amendments, allocations and novation occur in a timely manner to meet Transaction Reporting requirements

• Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc.

• Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control

Basic Qualifications:

1-3 years of experience in the trade control/fixed income operation s.

Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.

Excellent Excel reporting-related skills

Detail-oriented to operation trade flow, data entry, and data reconciliation

Ability to liaise across multiple functional teams to resolve issues

Ability to operate autonomously without direct supervision

Ability to quickly analyze and make decisions in the event of a problem

Ability to quickly grasp new industry practices and create/document new processes

Strong organizational skills and ability to effectively prioritize multiple tasks

Must be client focused with proven track record of excellent communications 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

Desired Qualifications:

Macro/VBA Knowledge

Experience in supporting rates, FX, and credit derivative trading

Knowledge of financial processing systems and accounting

Understanding of the "Best Practices" and front-to-back product flow to manage Operational Risk

Relevant industry product knowledge

Proactive thought leadership to identify and deliver process improvements and efficiencies

Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting

Knowledge of Operational Risk, Finance interaction, Risk & PnL support

Responsibilities

· Resolution and escalation of matched and unmatched trades for our business partners across our five asset classes (Equities, CIRO, CFXO, Commodities, & Credit)

· Timely response to business partner queries regarding the settlement or booking of trades

· Breaks/Fails Reporting

· Liaising with other internal departments to ensure timely resolution of Client fails

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

· Breaks investigation and resolution

Other Qualifications

· 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

Job Band:H5

Shift:1st shift (United States of America)

Hours Per Week:40

Weekly Schedule:Monday - Friday 8am-6pm

Referral Bonus Amount:0 >

Job Description:

Enterprise overview:

Supervises trade booking and trade validation. Responsible for the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting. Supports ongoing trade maintenance and reporting and supports the implementation of improvements to the system infrastructure and control environment. Introduces new initiatives, products and services, and procedural, systems or hardware solutions to improve efficiency. Provides analyses. Requires product experience and knowledge of financial instruments accounting relevant to the area supported. Provides general team guidance. May provide input to recruiting and hiring & performance mgt processes. BA preferred or substantially equivalent experience. Typically 5-7 years of applicable experience. To be used for employees in Global Markets only.

Job Description:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform 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.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the trade-capture workflow for the Central Funding Desk (CFD) within Global CPM (Counterparty Portfolio Management), with a focus on Structured Notes and related hedge products. The CFD desk is responsible for the issuance and risk management of the bank's Structured Notes portfolio.

Within CFD, the desk issues structured notes with exposure across multiple asset classes - Equities, Credit, FX, Rates, and Commodities. The role primarily consists of: assisting the business with trade bookings of derivative products across multiple trade capture systems, understanding trade capture risk and underlying drivers of PnL, enhancing current support infrastructure, and performing reconciliation between front-office risk systems and back-office sub-ledgers. The role works closely with multiple business partners, including Front Office, Market Risk, Technology, Finance, and Compliance.

The desired candidate should possess a working understanding of derivatives products. These would include Structured Notes, IR Swaps, Swaptions, Equity Futures etc., with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.

Position Description:

• Work in a fast-paced environment with direct communications with Trading Desk and Sales

• Monitor workflow in the primary trade capture system, as well as system of record

• Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems

• Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, e.g. booking errors leading to fee discrepancies.

• Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.

• Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME (Subject-Matter Expert)-level support.

• Ensure internal risk positions are appropriately reflected to mitigate any risk to the firm's capital

• Ensure initial trade bookings, trade amendments, allocations and novation occur in a timely manner to meet Transaction Reporting requirements

• Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc.

• Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control

Basic Qualifications:

1-3 years of experience in the trade control/fixed income operation s.

Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.

Excellent Excel reporting-related skills

Detail-oriented to operation trade flow, data entry, and data reconciliation

Ability to liaise across multiple functional teams to resolve issues

Ability to operate autonomously without direct supervision

Ability to quickly analyze and make decisions in the event of a problem

Ability to quickly grasp new industry practices and create/document new processes

Strong organizational skills and ability to effectively prioritize multiple tasks

Must be client focused with proven track record of excellent communications 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

Desired Qualifications:

Macro/VBA Knowledge

Experience in supporting rates, FX, and credit derivative trading

Knowledge of financial processing systems and accounting

Understanding of the "Best Practices" and front-to-back product flow to manage Operational Risk

Relevant industry product knowledge

Proactive thought leadership to identify and deliver process improvements and efficiencies

Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting

Knowledge of Operational Risk, Finance interaction, Risk & PnL support

Responsibilities

· Resolution and escalation of matched and unmatched trades for our business partners across our five asset classes (Equities, CIRO, CFXO, Commodities, & Credit)

· Timely response to business partner queries regarding the settlement or booking of trades

· Breaks/Fails Reporting

· Liaising with other internal departments to ensure timely resolution of Client fails

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

· Breaks investigation and resolution

Other Qualifications

· 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

Job Band:H5

Shift:1st shift (United States of America)

Hours Per Week:40

Weekly Schedule:Monday - Friday 8am-6pm

Referral Bonus Amount:0

Job Description:

Enterprise overview:

Supervises trade booking and trade validation. Responsible for the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting. Supports ongoing trade maintenance and reporting and supports the implementation of improvements to the system infrastructure and control environment. Introduces new initiatives, products and services, and procedural, systems or hardware solutions to improve efficiency. Provides analyses. Requires product experience and knowledge of financial instruments accounting relevant to the area supported. Provides general team guidance. May provide input to recruiting and hiring & performance mgt processes. BA preferred or substantially equivalent experience. Typically 5-7 years of applicable experience. To be used for employees in Global Markets only.

Job Description:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform 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.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the trade-capture workflow for the Central Funding Desk (CFD) within Global CPM (Counterparty Portfolio Management), with a focus on Structured Notes and related hedge products. The CFD desk is responsible for the issuance and risk management of the bank's Structured Notes portfolio.

Within CFD, the desk issues structured notes with exposure across multiple asset classes - Equities, Credit, FX, Rates, and Commodities. The role primarily consists of: assisting the business with trade bookings of derivative products across multiple trade capture systems, understanding trade capture risk and underlying drivers of PnL, enhancing current support infrastructure, and performing reconciliation between front-office risk systems and back-office sub-ledgers. The role works closely with multiple business partners, including Front Office, Market Risk, Technology, Finance, and Compliance.

The desired candidate should possess a working understanding of derivatives products. These would include Structured Notes, IR Swaps, Swaptions, Equity Futures etc., with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.

Position Description:

• Work in a fast-paced environment with direct communications with Trading Desk and Sales

• Monitor workflow in the primary trade capture system, as well as system of record

• Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems

• Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, e.g. booking errors leading to fee discrepancies.

• Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.

• Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME (Subject-Matter Expert)-level support.

• Ensure internal risk positions are appropriately reflected to mitigate any risk to the firm's capital

• Ensure initial trade bookings, trade amendments, allocations and novation occur in a timely manner to meet Transaction Reporting requirements

• Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc.

• Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control

Basic Qualifications:

1-3 years of experience in the trade control/fixed income operation s.

Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.

Excellent Excel reporting-related skills

Detail-oriented to operation trade flow, data entry, and data reconciliation

Ability to liaise across multiple functional teams to resolve issues

Ability to operate autonomously without direct supervision

Ability to quickly analyze and make decisions in the event of a problem

Ability to quickly grasp new industry practices and create/document new processes

Strong organizational skills and ability to effectively prioritize multiple tasks

Must be client focused with proven track record of excellent communications 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

Desired Qualifications:

Macro/VBA Knowledge

Experience in supporting rates, FX, and credit derivative trading

Knowledge of financial processing systems and accounting

Understanding of the "Best Practices" and front-to-back product flow to manage Operational Risk

Relevant industry product knowledge

Proactive thought leadership to identify and deliver process improvements and efficiencies

Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting

Knowledge of Operational Risk, Finance interaction, Risk & PnL support

Responsibilities

· Resolution and escalation of matched and unmatched trades for our business partners across our five asset classes (Equities, CIRO, CFXO, Commodities, & Credit)

· Timely response to business partner queries regarding the settlement or booking of trades

· Breaks/Fails Reporting

· Liaising with other internal departments to ensure timely resolution of Client fails

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

· Breaks investigation and resolution

Other Qualifications

· 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

Shift:1st shift (United States of America)

Hours Per Week:40

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