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Prime Finance Margin Markets Support Analyst - Global Operations - Global Market Operations

New York, New York;Chicago, Illinois

Job Description:

• 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 operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade.Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners.Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.

Global Collateral Operations & Exchange Traded Derivatives Operations (GCO & ETD Ops) are responsible for the exchange of collateral to reduce counterparty credit risk and for the support of post-execution trade clearing and product lifecycle management.

Our global team consists of a diverse pool of over 500 individuals spanning 16 cities across 8 countries.

We provide front-to back support for a broad range of Clients (hedge funds, market makers, trading firms, investment advisors and investment banks), Global Market products and businesses including:

• • Futures and Options & OTC Cleared (F&O)

• • Prime Finance (PF)

• • Global Wealth Management

• • OTC Bi-lateral Derivatives (OTC)

• • Fixed Income Bi-Lateral Repo and To Be Announced (FI)

Line of Business Role Description

This is a role within the Prime Finance Margin team within Global Collateral Operations (GCO) in the US.

The key daily responsibilities include but are not limited to, performing daily controls to ensure the integrity of the margin calculation and timely report distribution, issuing margin calls to clients, confirming client responses to margin calls are received and approving client payments and asset transfers.

The role covers International Prime Brokerage, US Regulatory Prime Brokerage and the margining of inter-affiliate relationships covering several different businesses and clients.

Required Skills

• At least 2 years work experience, preferably with experience working in markets operations.

• Understanding of financial markets and the concepts around margining and collateral.

• Understanding of US regulatory margin rules.

• Ability to work in a team environment.

• Excellent verbal and written communication skills with ability to communicate with various stakeholders.

• Excellent time management and prioritization skills

• Ability and willingness to continuously learn on the job

• Intellectually curious and willing to challenge the status quo

Other Qualifications:

• BS/BA degree (US) or equivalent work experience.

∙ 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

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.