Transaction Management Ops Analyst

Transaction Management Ops Analyst

Charlotte, North Carolina

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** Bank of America employees are required to meet all*
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* ** prior to applying for any new position.*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge ( )

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge ( )

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* Job Description:

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* At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great  Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce  and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.  Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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* Job Description:

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* This job is responsible for moderately complex transaction and fulfillment processing, including the movement of  assets into and out of accounts. Key responsibilities include  reconciliation, settlement, and trade and transfer support, and providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures.  Job expectations include handling in operational processes which may carry medium to high levels of monetary risk and assisting in training less experienced team members.

** LOB

Job Description ** :

The Fed Settlements Analyst is an integral position within the financial services sector, responsible for ensuring the smooth and efficient operation of the settlement process for transactions executed through the Federal Reserve by the trading desk. In today's rapidly evolving financial landscape, the importance of precise and timely settlements cannot be understated.

The analyst will engage with various teams, including daily engagements with the trading and sales desks, operational teams, and regulatory bodies to facilitate optimal settlement practices. Furthermore, this role will involve resolving discrepancies in transaction records, ensuring compliance with regulatory standards, and implementing best practices to enhance settlement processes.

The ideal candidate will be adept at leveraging analytical skills to interpret data, predict potential settlement issues, and develop strategies to mitigate risks . This position offers the opportunity to contribute to the wider financial ecosystem, enhance professional development, and participate in initiatives that drive process improvement and operational excellence.

** Responsibilities:*
* + Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures

+ Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service

+ Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions

+ Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units

+ Manage the settlement process for Fed transactions, ensuring accuracy and timely…