Collateral Operations Analyst

  • Competitive
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Bank of America Corporation
  • 22 Sep 18 2018-09-22

Collateral Operations Analyst

Job Description:

The PB Margin team is responsible for the collateral management of Hedge Fund and Profession Option Market Makers. Adhering to both regulatory margin rules as well as internal proprietary house margin methodology - ensuring each account is properly collateralized.

Global Collateral Operations Analyst will be responsible for:

  • Pre-calculation exception processing and resolution Risk Group vs margin group mapping exceptions
  • Perform Swing analysis on daily results of Risk control calculations
  • Data exception management / escalation
  • Work with Risk team on daily signoff/call exception for accounts deemed to have significant data issues (unable to rerun)
  • Preparation, issue and follow up on margin calls
  • Ownership and approval of daily Risk Control margin calls
  • Discuss Risk Control margin policy logic with clients and CSR Handle queries on potential resolution to daily margin calls
  • Validation of daily margin exceptions and swings from Risk control Analyst (4 eyed check) Account set-up in Risk Control Gallium / end of day reporting for Risk Control

Required Skills:
  • Candidates must demonstrate a combination of academic aptitude, strong analytical and quantitative skills
  • strategic and creative thinking and distinguished written and oral communication skills
  • Analysts are required to manage several projects at once and work effectively as part of a team

The job combines aspects of investment banking and capital markets coverage.

Desired Skills:
  • Strong work ethic with excellent communication and interpersonal skills
  • Proficiency with Microsoft Office suite; particularly Microsoft Excel (ability to build macros and query large data sets is a plus)
  • Demonstrates professional integrity and initiative to take on new responsibilities
  • Well organized, quick leaner who has strong ability to work independently, handle multiple priorities and firm deadlines
  • Strategic and creative thinking capabilities

1st shift (United States of America)

Hours Per Week: