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The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.
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Entry Level Careers Opportunities for Graduate
Officer, Operations Analyst, Global Banking Operations – Philippines
Job Description:
Manages GLFX, CTR Reports and Certifications of Inward Remittances
Exercises governance over Non-Financial Regulatory Reporting (NFRR) process, ensuring checklists are complete, DTPs are updated and stored in a separate inventory
Leads NFRR initiatives for Operations, offshoring, IQA
Coordinates for NFRR’s assigned to other associates and teams
Reviews new LRR’s as to applicability to NFRR processes, monitors/leads implementation till go-live
Acts as back up officer to other operational teams and associates
Ensures contingency for reports under his/her ownership
Serves as single point of contact for NFRR related items
Initiates, maintains and enhances communications with other business units and other appropriate line areas. Acts as one of Operations’ links to respond to stakeholder demands in a timely manner.
Identify, propose, implement process efficiencies
Reviews and monitors Service Level Agreements, reporting due dates to ensure submission within deadlines.
Adheres to written policies and procedures and continuously improve work processes.
Supports Payment Operations Head in NFRR, Operational initiatives
Requirement:
• Business Knowledge
• Time Management
• Data Entry
• Problem Solving
• Organization
• Risk Management
• Overcoming Objections
• Workflow Management
• Strategic Thinking
• Procedure Development
• Planning
• Teamwork
• Oral Communication
• Microsoft Excel
For more details to apply, Click here!
Trade Control Analyst – Central Funding Desk – USA
Job Description:
The hybrid role will require Associate to have working knowledge of TRACE activities including Submission, Governance and control process. TRACE related activities would include the below
• Exception identification and liaising with particular LOB associate to understand the root cause.
• Review of pre-submission and post-submission control queues (Rejections and Unmatched) to ensure accuracy.
• Monitoring of all exception queues including follow-up of all issues in Unmatched TRACE Queue.
• Documentation of all issues including timeliness with root cause analysis in appropriate platform to be identified.
• Review of pre-submission and post-submission control queues (Rejections and Unmatched)
• Understand various idiosyncrasies and conventions of Structured Notes/Linear Rates products, Treasuries, FX and commodities and their related hedges in order to provide SME(Subject-Matter Expert)-level support.
Required Skills
•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:
•Macro/VBA Knowledge
•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, DTCC Real-Time, TRACE Reporting.
For more details to apply, Click here!
Credit Officer, Associate – Germany
An exciting opportunity for an Associate to join our Corporates Credit team a part of Global Corporate and Investment Banking (GCIB) Credit managing and delivering credit relationships for corporate clients. We are an independent function that works closely with various lines of business, relationship managers, product specialists and Risk.
Job Responsibilities:
Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.
Structuring transactions, underwriting and negotiating credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.
Ensuring granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.
Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.
Ensuring that the portfolio and credit management process are at all times rated “satisfactory” by internal auditors, the Credit Review group and external Regulators.
Develop and maintain a deep understanding of the product spectrum and portfolio at client, industry, and macro level to assess risk and craft value added solutions balancing risk.
Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Loan Capital Markets, and Legal.
Participate in strategic projects to support business goals.
What we are looking for:
Credit risk experience at a major international financial institution, analysing, assessing companies in assigned region and in different sectors and structuring transactions.
Effective credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
Sound product, documentation and process knowledge across lending, trade finance and derivative products.
Good organisational skills with ability to prioritise work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and manage credit risks.
Commercial mindset to support value added discussions with effective interpersonal and written and verbal communication skills, and attention to detail and accuracy.
Acting as an agent of change/ improvement, influencing corporate policy/ procedure and projecting a positive strategic vision.
BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.
Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company specific financial models in Excel
Fluency in English required. Additionally, French or German language skills beneficial.
For more details to apply, Click here!
GWIM Sr Operations Rep – USA
Job Description:
This role is responsible for standard transaction processing, reconciliation and resolution of research requests supporting the wealth management business. Key responsibilities include providing quality service and effective and efficient operations support for internal business partners and/or external clients. This is an entry level position. Individuals are expected to operate with some independence, but refer to their team lead or manager for more complex issues and escalations.
Job Responsibilities:
• Performs standard transaction processing and reconciliation according to the established guidelines and procedures
• Responds to client inquiries through numerous channels to support operational efficiency and quality client service
• Performs basic research, follow-up and resolution of routine research requests
• Identifies potential issues in daily operational tasks and escalates risk concerns, as appropriate
• Provides general operational support including handling inbound calls, mail sorting and mail distribution
Skills:
• Oral Communication
• Customer Focus
• Research
• Collaborating
• Multitasking
• Organization
• Microsoft Excel
• Microsoft Outlook
• System Navigation
Required Background:
Must be a current Year Up intern with Bank of America
For more details to apply, Click here!
Treasury Sales Associate or Analyst – USA
Job Description:
The Treasury Sales Associate (TSA) will be responsible for supporting portfolio of two Treasury Sales Officers managing and aggressively growing treasury revenue within the Business Banking group. He or she will partner with Relationship Managers, Trade, Liquidity, Investment, Foreign Exchange, product specialists and implementation partners presenting customized treasury solutions that meet client objectives.
• Focus on growth of new client relationships and expansion of existing relationships by identifying and cross selling our treasury solutions while building a strong sales pipeline.
• Accountable for responsible revenue growth, profitability, client planning, client calling, portfolio development, pricing strategy, and proposal/presentation development/delivery within the confines of a dedicated client portfolio.
• Possess strong communication and interpersonal skills and appropriate financial acumen
The TSA must also be motivated to maintain a consistent level of goal achievement and be willing to challenge themselves with performance metrics
• Maintain regular client interactions building direct relationships, conducting Treasury Reviews, and proactively identifying new opportunities
Qualification:
Must” have these skills to be minimally qualified.
Minimum 2 years of Treasury or Corporate Banking experience
• B.S. or B.A. degree or Relevant work experience.
• Ability to interact with and influence people internally and externally by expert use of verbal and written communication and through strong presentation skills.
• Ability to read and leverage data to proactively identify trends and opportunities
• Strong ability to organize, prioritize and balance multiple sales activities.
• A deep understanding of bank structure and the operational aspects of global cash management products and services.
• Understanding of and adherence to risk guidelines to proficiently identify, manage and escalate risk to grow the business responsibly.
Skills:
• Treasury Product and Solutions
• Client Team Management Process
• Business Analytics
• Presentation Skills
• Customer Focus
• Critical Thinking
• Problem Solving
• Written Communication
• Oral Communication
• Building Rapport
• Organization
• Time Management
• Learning agility
• Microsoft Office Suite