GWIM Senior Operations Analyst

Bank of America

Job Description:

The Investment Manager and Trust Securities Services Teams play a significant role within Global Wealth & Investment Management (GWIM) and U.S. Trust. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. Teams interface daily with Financial Advisors, Investment Managers, and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and U.S. Trust accounts.

The teammate in this role is responsible for providing asset servicing for wealth management and other trust specialty client account needs. Securities Services is responsible for the identification, valuation, and proper recordkeeping of U.S. Trust client assets. On behalf of stocks, bonds, derivative products, and physical assets this team facilitates activities such as allocation of income, corporate events, and changes in asset positions to meet fiduciary requirements for high-net-worth investors looking at solutions to address financial goals. The teammate will be a part of a team expected to provide strong operational trust operations oversight with strong emphasis on client focus and relationship building within the Class Actions unit.

Key Responsibilities Include:

Monitor, analyze, and validate industry data as it applies to investments and class actions

Reconcile and balance system generated reports

Identify exceptions and provide problem resolutions for function related items

Perform mathematical calculations

Research system records for transactions, positions, beneficial owners, name address files, or specific account documentation in support of unit workflow

Process transactions to the trust accounting system 

Required Skills:

  • Strong accounting or financial background with solid analytical skills
  • Advanced understanding of the securities industry 
  • Flexibility to work in an evolving environment
  • Organizational and time management skills to meet intraday deadlines
  • Demonsate logical, systematic approach to problem solving
  • Communicate in concise, clear, and professional manner
  • Career oriented teammate looking to grow within the organization while exhibiting leadership characteristics
  • Exceptional written and verbal skills
  • Able to work overtime when business needs require it

Desired Skills:

  • An understanding of financial transactions and investments
  • Ability to interpret all action types and understand the tax impact associ ated with PACE processing
  • Strong excel skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40

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