Bank of America Loan Trade Support Analyst (GBAM Ops)

$75,000 - $85,000 yearly
  • The Resume Review - Recruiting Department
  • Charlotte, NC, USA
  • Apr 18, 2022
Full time Accounting Facilities

Job Description

Job description
Position Overview
Main point of contact for requests relating to the administration of large corporate credits held by the Global Credit (GC) loan trading desk. Global Market Loan Operations provides settlements and services for secondary loan trade closings relating to corporate investor clients. Must be on hand to offer premium client service and manage the relationships between our internal business partners and external clients.
Will be responsible for investigating and resolving complex discrepancies which could involve reading the credit agreement and completing manual calculations to ensure balances are correct. Will be tasked with providing supervisory oversight for our various process. Will be responsible for facilitating training for the team on processes, business policies and procedures. Must be comfortable with occasionally leading a project or new process implementation. Basic Understanding of credit documentation (e.g. Credit Agreement) in order to perform detailed reviews for accurate settlement and servicing. End to End processing of loans with accurate data input to various credit and operating systems (e.g. ACBS, BFT, Cash Manager, LoanRunner, etc).
  • Validation of loan documentation for accurate trade settlements
  • Validation of loan commitments, interest payments, and fee payments
  • Manage periodic rate changes, rate rollovers, advances, collateral, invoicing,   repayments, and other loan agreement inquiries
  • Report Monitoring and reconciliations
  • Train the team on various procedures, policies and processes
  • Provide supervisory oversight on our various processes
  • Input wire instructions while attending to dual controls
  • Analysis and resolution of operational problems
  • Involvement in ad hoc projects for new processes or industry initiatives
  • Breaks investigation and resolution
Required Skills:
  • Presentable, confident and client focused
  • Excellent communications skills and proficiency with numbers/calculations
  • Ability to work under pressure in a team environment
  • Ability to liaise with all levels of the firm and people with different experiences and backgrounds
  • Self-motivated and able to work unsupervised - candidate will be able to manage own time and know when to escalate
  • Knowledge of Operational Risk
  • Excel proficiency
Desired Skills:
  • Previous experience within secondary loan trading desirable
  • Accounting/calculations background
Other Qualifications:
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Excels in working among diverse viewpoints to determine the best path forward
  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
  • Commitment to challenging the status quo and promoting positive change
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world