1+ months

Trade Control Prof MKTS - Central Funding Desk

Charlotte, NC 28230
Trade Control Prof MKTS - Central Funding Desk

Charlotte, North Carolina

**Job Description:**

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 banks 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 firms 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

**Required Skills:**

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

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

**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

**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


1st shift (United States of America)

**Hours Per Week:**


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus:

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.

To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .


  • Banking / Finance
Posted: 2020-08-05 Expires: 2020-09-27

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Trade Control Prof MKTS - Central Funding Desk

Bank of America
Charlotte, NC 28230

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