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Ops Professional MKTS (Collateral Operations) -...
Bank of America | Chicago, Illinois
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Job Description

Job Description:

Team: Global Collateral Operations


* Prepare reports of collateral transactions or balances to satisfy regulatory reporting requirements (Regulation W, Taxation, Liquidity, Financial Statements etc.);
* Work with Collateral Operations teams to analyze the collateral management workflow, systems and processes, and ensure complete and accurate reporting;
* Work with Finance, Corporate Tax, Risk, Legal and Enterprise Reporting teams to understand, analyze and document changes to existing regulation and stay abreast of new regulations that impact the team;
* Participate in IT initiatives and transition projects and strive for building standardized, integrated, controlled and properly-evidenced reporting solutions;
* Own and oversee inter-system reconciliations;
* Working across other lines of business, participate in process risk assessments and the rollout of standard Risk Frame Work on controls and processes, and determine gaps and exposure;
* Design and publish appropriate metrics for operations control;


* Undergraduate degree in business, economics, finance and/or accounting;
* Strong understanding of financial markets with preferably more than 5 years of experience in any of the following disciplines:
* Valuations, OTC derivatives or fixed income lifecycle, regulatory reporting, operations, collateral management; as well as balance sheet attestation and general ledger reconciliations;

* Strong data mining and analysis skills; proficient in MS Excel;
* Methodical and organized mindset, with strong control background and attention to detail with regards to ensuring data integrity, and in reviewing documents in accordance with provided procedures/standards;
* Excellent verbal and written communication skills;
* Ability to present issues/ideas of moderate complexity in an easy to understand manner;
* Ability to meet deadlines and multi-task;


* Graduate degree and/or CPA certification;
* Working experience on a public accounting firm;
* Regulatory Reporting exposure;
* Microsoft Power Point & Visio;

Posting Date: 03/12/2019

Location: Chicago, IL, 540 W MADISON ST (IL4540), - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

About Bank of America

Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries throughout the United States and in selected international markets, Bank of America provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. The Company operates in 32 states, the District of Columbia and 30 foreign countries. In the United States, it serves 59 million consumer and small business relationships with 6,100 retail banking offices, 18,500 automated teller machines (ATMs) and 24 million active online users. It offers services in 13 states. In October 2007, it acquired ABN AMRO North America Holding Company. In July 2007, it acquired U.S. Trust Corporation. In July 2008, Bank of America acquired Countrywide Financial Corp.

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