Commercial Treasury Operations - Sweep Operations

Commercial Treasury Operations - Sweep Operations

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Job Description

This job is responsible for analyzing the day-to-day issues, researching, and providing resolution for various issues identified within a business unit. Key responsibilities include building new procedures, completing complex non-routine analytics, creating reports, and reviewing exception testing and processing. Job expectations include supporting continuous improvement of processes by identifying trends and understanding the operations environment.

LOB Job Description

The Senior Operations Analyst will be responsible for reviewing and processing all work for the Automated Investment (Sweep) product including the high-risk process of the Mutual Fund Trades, wires, and financial entries. 1099, 1042 reporting and Form W-9 and W-8 validation is heavily emphasized. The candidate is the first point of contact for inquiries from business partners and clients via email or phone channel.

Responsibilities

Responsible for reading, analyzing and / or determining the appropriate handling and resolution of requests.

Will work with internal and external business partners / clients to provide resolution to inquiries, issues, and / or technical support.

Candidate will be responsible for processing / verifying account set ups, maintenance for Sweep.

Assigning incoming work, assisting with audit reviews, regulatory reporting, gathering statistical information and producing monthly reports.

Conduct simple / complex research and provide timely responses to inquiries by utilizing the various bank systems to support client requests.

The candidate must actively support a team environment and quickly shift priorities while focusing on the needs of our customers while maintaining an organized approach to managing daily activities and simultaneously handling multiple demands to achieve optimal efficiency and productivity.

The candidate should be able to work quickly without sacrificing quality and should also demonstrate the ability to build effective relationships with business partners and clients.

Provides guidance to associates within own unit regarding procedural, technical and / or operational changes.

Incumbents should have a full working knowledge of operations acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience.

Required Qualifications

Individuals typically have 2 to 4 years of experience in banking and / or treasury management services.

Prior Mainframe experience.

Intermediate proficiency in written (including grammar and spelling) and verbal communications.

Working knowledge of tax forms.

Working knowledge of 1099's / 1042's.

Ability to analyze and resolve customer inquiries.

Previous positions must have included solid customer contact.

PC proficiency - experience with all Microsoft Office applications, particularly Excel.

Manages multiple priorities with attention to detail.

Strong business partnering and relationship management skills.

Self-motivated; able to work unsupervised.

Strong time management and task prioritization skills with the ability to manage their own time and tasks.

Able to ask critical questions to identify opportunities.

Manages risk effectively.

Desired Qualifications

GFS, OBA and AVAYA experience.

Experienced in writing and modifying procedures.

Bank 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, in accordance with all applicable federal, state, and municipal laws.