Bank Of America Officer Custody Settlements Global Markets Operations 

Australia, Victoria, Melbourne 

790170159

Job Description

GENERAL FUNCTIONS

• Pre-match and facilitate settlement of external counterparty instructions in Chess
• Pre-match and facilitate settlement of instructions for internal movements between custodian and broker and across clients housed under the custodian.
• Follow through queries and issues from Clients and Client service reps
• Follow up and escalate on failing or unmatched trades
• Reconcile internal general ledgers for funding across internal counterparties
• Prepare daily funding requirements between custodian and underlying client
• Assist to close internal stock and cash movements for end of day completeness
• Cross train in all settlement functions including Off Market & DVP settlements, funding and daily reconciliations

KEY COMPETENCIES

Communication Skills
• Strong communication skills – be able to express information and ideas clearly and accurately

Planning & Organisational Skills
• Ability to set priorities and manage multiple tasks effectively
• Ability to work to tight deadlines and maintain accuracy
• Strong focus and attention to detail

Interpersonal & Client Focus Skills
• Ability to build and maintain good working relationships with internal clients
• Willingness to build on and improve client service levels

Adaptability
• Ability to work at a fast pace in a demanding environment
• Willingness to work flexible hours when necessary

Technical Skills
• Equity Settlements experience preferred
• Prior experience with custody settlement systems and/or CHESS
• Prior experience with reconciliations
• Microsoft Outlook, Excel

• Be control and risk focused
• Ensure all tasks completed in timely and efficient manner
• Professional communication with brokers ,internal, external clients, team members, registries & Chess
• Ensure all work is done within audit, compliance and procedural requirements
• Group/team focus, assist others where required to ensure group tasks completed by cut offs