Securities Lending Account Manager
Bank Of America - London

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Overview

Bank of America Merrill Lynch provides comprehensive market, industry, product and advisory expertise to more than 140,000 businesses around the globe. With unrivalled insight and access delivered by dedicated relationship teams, we connect clients with the right opportunities in more than 150 countries throughout http://gcibprototypes.bankofamerica.com/globalregions/emea .htm> Europe, the Middle East and Africa , http://gcibprototypes.bankofamerica.com/globalregions/asia .htm> Asia Pacific and the http://gcibprototypes.bankofamerica.com/globalregions/us .htm> Americas .

Bank of America Merrill Lynch’s Europe, Middle East and Africa (EMEA) footprint comprises of 32 cities across 23 countries on three continents. The company is a long-established participant in the European markets, with a presence since 1922. Currently over 14,000 associates are based in EMEA.

Globally, Bank of America Merrill Lynch serves clients and customers in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500, nearly 96 percent of the Fortune Global 500 and 33 percent of the FTSE 100.

Today, the company offers an integrated and comprehensive set of products and services across all businesses, serving the needs of individual, corporate, institutional and government clients, by combining the best of local knowledge and international expertise. Bank of America Merrill Lynch has a strategic and measured approach to its international development and is strengthening its business and infrastructure to create sustainable, long-term growth.

Global Banking & Markets includes corporate banking, investment banking and sales trading. The group provides services to middle-market and large corporations, government entities and institutional investors. These services include mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Global Wealth and Investment Management is one of the largest wealth management businesses in the world with $1.9 trillion in total client assets. The business provides comprehensive wealth management to affluent and high net worth clients, as well as retirement and benefit plan services, philanthropic management and asset management to individuals and institutions.

Bank of America Merrill Lynch offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution.
Job Description

The Securities Lending Account Management team is responsible for the day to day running of our client accounts. We handle all collateral, fails management and relationship advancement for the SL client base in Europe, providing risk management for the stock loan trading desk by managing client’s positions and ensuring that they are collateralising new borrows, loans pre-pay trades and mark to market calls.

The team work closely with the front, middle and back office and the position provides an excellent learning opportunity across a number of products including Securities Lending, Dividend Arbitrage, Swaps and Prime Brokerage.

Each member of the account management team is responsible for ensuring that all credit risk is covered on a daily basis, this involves reconciling all settlements with their client and reporting back to the main settlements team in Dublin. It is therefore vital that the Account Manager builds strong relationships with their client base to ensure timely settlement of all trades whilst having experience to understand market risks and the ability to resolve complex booking and settlement queries in a time manner.

Responsibilities

Functional ownership of key daily reconciliations and control targets.

Daily reporting and escalation of outstanding issues across control base to Management.

Identification and investigation of recurring issues, development of solutions and coordination of implementation.

Interaction with; Stock Loan traders; Settlements; Corporate Actions; MLPF&S; finance; technology and other BAML departments. Articulate concisely detail of trading activity and underlying risks whilst engaging all parties to ensure timely resolution of breaks.

Ad hoc project work and testing.

Requirements

Microsoft Office Literate

Medium

Excel – Advanced

Organisation

High

Highly motivated and able to work in a pressurised environment to tight deadlines.

Communication

High

Strong communication and interpersonal skills. Ability to converse at all levels and deal with conflict on a daily basis.

Stock Loan Experience

Specialist

Understanding of the securities lending market and associated practices.

Bank of America - 3 years ago - save job - block
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Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries...