Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

The role is responsible for the clearing, pre-matching and settlement of equity executions on behalf of global clients trading in Hong Kong/Stock Connect (SH/SZ) markets markets. The role undertakes a high degree of regulatory responsibility for the safeguarding of client assets, stringent internal controls around segregation of key duties as well as performing reconciliation to uphold the necessary custodial service requirements.

Responsibilities:

• Performing cross-border settlement
• Check booking/settlement accuracy
• Post journal entry
• Perform reconciliation on stock and cash as well as investigate and follow up on breaks resolution
• Follow up outstanding settlement items
• Initiate stock borrow for failed trades
• Monitor stock return for borrowed stocks
• Liaise with internal/external client and local custodians
• Funding of trade settlements
• Performing front to back ETF creation and redemption process
• Monitor trade settlement via CCP terminals to prevent buy in
• Prepare stamp duty payment
• Margin payments arrangements

Requirements:

• Quantitative, analytical, proactive, a team player, able to work under pressure while adhering to tight deadlines.
• Attention to detail and the ability to process tasks accurately and in a timely manner.
• Control focused with a good understanding of risk and the impact of errors. Able to initiate solutions to remediate problems.
• Confident and articulate communicator.
• Microsoft Office knowledge and skills particularly MS Excel.
• Business level spoken and written English language.
• Knowledge of financial markets is essential.
• Self-motivated and able to work unsupervised
• The ideal candidate will have at least 2 years of Banking/Financial Services Industry experience, preferably in one or more of support functions listed below as key responsibilities.
• Understand the front to back flow between trading desk and operations including custody services.

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