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Collateral Margin Analyst - Futures & Options and Cleared Swaps

Bank of America

Bank of America

Chicago, IL, USA
Posted on Friday, October 6, 2023

Job Description:

Job Description

Follows established written procedures and guidelines, provides standard reporting and analytical support. Uses established techniques, analyzes and resolves a wide variety of moderately complex operations problems and initiatives including transactions that require special handling and/or exception handling. Employees in this role typically have a college degree (Associates or higher) or comparable work experience.

Job Responsibilities:

•Ensuring all Client Margin Calls covered on a daily basis.
•Dealing with Client Trade & settlement queries on daily basis.
•Investigation and resolve of any margin call discrepancies.
•Identify and escalate fails in a timely and accurate manner to Credit/Risk.Management, Collateral Risk Management and Operations Management.
•Requesting / Booking of FX transactions for all client base.
•Dealing with collateral bookings & releases, Pledged & Lodged.
•Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.
•Developing a complete understanding of Bank policies and departmental controls and procedures.

Required Skills

  • Experience in financial markets (ETD / F&O in particular).
  • Confident in facing off to senior stakeholders across the business (including Sales, Trading, Product Control, Credit and Legal).
  • Strong controls background with previous experience of implementing and maintaining key business controls.
  • Excellent verbal and written communication skills.
  • Ability to Meet Deadlines.
  • Organizational Skills with Special Emphasis on the Ability to Prioritize Responsibilities.
  • Analytical and strong problem-solving abilities.
  • Attention to detail, delivering high quality output.
  • Experience within Financial Services / Banking industry.

Desired Skills

•Graduate with a financial degree.
•Will consider experience in Finance, Risk Management and Treasury.
•Familiarity with listed FFO and OTC Derivatives lifecycle Skills / Aptitude.

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: