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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description

This is an opportunity to join the Custody Settlements area within the Equities Operations Team. A busy and challenging position this opportunity is ideal for a dedicated team player who has excellent communication skills.

GENERAL FUNCTIONS

• Pre-match and facilitate settlement of external counterparty instructions in Chess
• Pre-match and facilitate settlement of instructions for internal movements between custodian and broker and across clients housed under the custodian.
• Follow through queries and issues from Clients and Client service reps
• Follow up and escalate on failing or unmatched trades
• Reconcile internal general ledgers for funding across internal counterparties
• Prepare daily funding requirements between custodian and underlying client
• Assist to close internal stock and cash movements for end of day completeness
• Cross train in all settlement functions including Off Market & DVP settlements, funding and daily reconciliations

Requirements

KEY COMPETENCIES

Communication Skills
• Strong communication skills – be able to express information and ideas clearly and accurately

Planning & Organisational Skills
• Ability to set priorities and manage multiple tasks effectively
• Ability to work to tight deadlines and maintain accuracy
• Strong focus and attention to detail

Interpersonal & Client Focus Skills
• Ability to build and maintain good working relationships with internal clients
• Willingness to build on and improve client service levels

Adaptability
• Ability to work at a fast pace in a demanding environment
• Willingness to work flexible hours when necessary

Technical Skills
• Equity Settlements experience preferred
• Prior experience with custody settlement systems and/or CHESS
• Prior experience with reconciliations
• Microsoft Outlook, Excel

OTHER REQUIREMENTS
• Be control and risk focused
• Ensure all tasks completed in timely and efficient manner
• Professional communication with brokers ,internal, external clients, team members, registries & Chess
• Ensure all work is done within audit, compliance and procedural requirements
• Group/team focus, assist others where required to ensure group tasks completed by cut offs