Job title: Ops Sr Analyst MKTS – Commodities Settlements – Houston, TX

Company: Bank of America

Job description: 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.

Here in our Houston office we have an exciting opportunity for a settlement analyst for Commodities Operations. This role will be responsible for reconciling and processing complex daily/monthly commodities settlements.

Responsibilities include but not limited to:

  • Analyze and reconcile trade details by interacting with business, clients and internal teams to resolve discrepancies and settle transactions in a timely manner.
  • Maintain internal control processes and procedures within an operational awareness culture environment.
  • Assist with onboarding of new clients, projects or products for the business.
  • Learn the FTB settlement systems workflow, processes and downstream impacts of the cash flows processed. This will involve working with finance and credit teams to ensure all cash breaks are resolved.

Enterprise Role Overview:

Follows established written procedures and guidelines, provides technical and analytical support in a global markets operations support function for one or more operations product areas. Uses established techniques to analyze and resolve complex operations support problems/initiatives requiring exception handling and/or coordination of multiple operational and/or product/services specialists to resolve. May assist in managing projects and/or introduction of new initiatives, systems, products and services and processes coordination across multiple operations functions. Employees will have college degree (Associates or higher) or comparable work experience. Required skills include: expert Excel knowledge, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, ability and willingness to continuously learn on the job, ability to problem-solve and take ownership of process improvements, ability to work in a team environment, excellent verbal and written communication skills with ability to communicate with various stakeholders. Desired skills include: Business, Finance, Accounting, Economics, or similar major preferred and a basic understanding of and/or experience in financial service industry. To be used for employees in Global Markets only.

Required Skills: (Must have these skills to be minimally qualified)

  • Strong Analytical skills and high level consistent accuracy.
  • Client Focused.
  • Ability to multi-task, team oriented and work in a fast-paced organization.
  • Good working knowledge of Microsoft Office products.
  • Ability to prioritize task and be able to respond to changes in priorities and meet hard deadlines.
  • Intellectual curiosity.
  • Self-starter.
  • Good verbal and written communication skills.
  • Willing to challenge self and others.
  • Time management and attention to detail.

Desired Skills:

  • Commodities industry prior experience is a plus.

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

Expected salary:

Location: Houston, TX

Job date: Sat, 25 Sep 2021 07:49:02 GMT

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