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GWIM Ops Analyst - Securities Based Lending Collateral Specialist

Company: Bank of America
Location: Pennington
Posted on: August 4, 2022

Job Description:

GWIM Ops Analyst - Securities Based Lending Collateral SpecialistPennington, New Jersey**Job Description:****LOB Description:**The Securities Based Lending Collateral Specialist handles multiple responsibilities, including:+ Daily review of account balances and holdings to determine adherence with firm and regulatory collateral requirements to reduce risk to clients and the firm.+ Processing service requestsincluding, but not limited to Margin, Fed Funds, Checks, Journal Entries and Periodic Distributions.+ Handling inbound calls from branch offices via the MLSN network while maintaining high survey results and providing correct information and resolution.+ Includes ability to understand and effectively communicate ML systems, including Accounts Processing (AP), Brokerage Authorization (BA), Genesis, Naked Options Stress Analysis (NOSA), and the Commitment Tracking System (CTS)+ Performing User Acceptance Testing (UAT) of the above mentioned systems, including occasional Saturday release testing.+ Calculating collateral requirements, including margin and options strategies.+ Contributing to the team by implementing procedural changes with regard to request processing and compliance/exposure issues.+ Additional responsibilities (annual systems calculation reviews, procedure reviews, askMerrill/Smart Agent updates, etc.).**Required Skills:**+ Proficient in performing basic mathematical calculations (multiplication, division, etc.) with accuracy.+ Strong working knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.+ Strong organizational skills, attention to detail, and ability to work independently with minimal supervision.+ Strong written and verbal communication skills in order to perform in a proactive and effective manner across all levels of the organization.+ Ability to interpret and effectively communicate information contained in account holdings, activity, and balances.**Desired Skills:**+ College Degree Preferred+ Knowledge of Securities Based Lending products offered by ML (Margin, Options, LMA, ML Home Loans, etc.)+ Knowledge of margin and option requirements.+ Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, Regulation U, FINRA, firm policies and procedures, etc.).+ Familiarity with processing financial transaction requests via ASAP & ATCS.**Job Band:**H6**Shift:**1st shift (United States of America)**Hours Per Week:**40**Weekly Schedule:****Referral Bonus Amount:**0**Job Description:****LOB Description:**The Securities Based Lending Collateral Specialist handles multiple responsibilities, including:+ Daily review of account balances and holdings to determine adherence with firm and regulatory collateral requirements to reduce risk to clients and the firm.+ Processing service requestsincluding, but not limited to Margin, Fed Funds, Checks, Journal Entries and Periodic Distributions.+ Handling inbound calls from branch offices via the MLSN network while maintaining high survey results and providing correct information and resolution.+ Includes ability to understand and effectively communicate ML systems, including Accounts Processing (AP), Brokerage Authorization (BA), Genesis, Naked Options Stress Analysis (NOSA), and the Commitment Tracking System (CTS)+ Performing User Acceptance Testing (UAT) of the above mentioned systems, including occasional Saturday release testing.+ Calculating collateral requirements, including margin and options strategies.+ Contributing to the team by implementing procedural changes with regard to request processing and compliance/exposure issues.+ Additional responsibilities (annual systems calculation reviews, procedure reviews, askMerrill/Smart Agent updates, etc.).**Required Skills:**+ Proficient in performing basic mathematical calculations (multiplication, division, etc.) with accuracy.+ Strong working knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.+ Strong organizational skills, attention to detail, and ability to work independently with minimal supervision.+ Strong written and verbal communication skills in order to perform in a proactive and effective manner across all levels of the organization.+ Ability to interpret and effectively communicate information contained in account holdings, activity, and balances.**Desired Skills:**+ College Degree Preferred+ Knowledge of Securities Based Lending products offered by ML (Margin, Options, LMA, ML Home Loans, etc.)+ Knowledge of margin and option requirements.+ Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, Regulation U, FINRA, firm policies and procedures, etc.).+ Familiarity with processing financial transaction requests via ASAP & ATCS.**Shift:**1st shift (United States of America)**Hours Per Week:**40Learn more about this roleFull timeJR-22006020Band: H6Manages People: NoTravel: NoManager:Talent Acquisition Contact:Vicki DemarestReferral Bonus:0Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America's Drug-free workplace and alcohol policy, CLICK HERE .

Keywords: Bank of America, Trenton , GWIM Ops Analyst - Securities Based Lending Collateral Specialist, Professions , Pennington, New Jersey

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