Jacksonville, Florida

Job Description:

The Investment Manager and Trust Securities Services Teams play a significant role within Global Wealth & Investment Management and Private Bank. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. We focus on minimizing risk and promoting a positive Client experience. Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and Private Bank accounts.

Opportunities exist for team members to develop leadership, project management and technological skills. We offer excellent career development opportunities to foster skills and talent.

The Fund Administration Department's responsibilities include but are not limited to the following:

  • Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
  • Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
    • Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
    • Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
    • Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
    • Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for Private Bank and Merrill Lynch Clients
    • Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
    • Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually


The duties of this particular role include, but are not limited to:

  • Monitor and analyze daily outages due to discrepancies for trades, corporate actions and non-trade transactions
  • Make sure that Department standards are met and that updates are provided to management through either immediate communication and/or weekly highlights.
  • Assist with updates to procedural documentation / process maps, and participate in system testing as needed.
  • Participate in internal and Third Party audits
  • Manage risk by identifying and escalating items appropriately
  • Lead projects and special assignments as needed.
  • A subject matter expert in break analysis and ability to assist with the resolution of daily outages
  • Collaborative mindset with an ability to partner with internal/external partners to find resolution for inquiries
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • Provide training and guidance to junior team members where necessary

Required Criteria
  • Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
  • General knowledge of accounting and financial reporting
  • Capability to think analytically and apply skill set to manage reconciliations
  • Ability to handle multiple deliverables for either daily processing and/or expanded strategic initiatives
  • Must have excellent written and verbal communication skills
  • Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
  • Demonstrates attention to detail
  • An understanding of technology and the ability to incorporate that understanding into process improvements
  • Ability to work independently while effectively managing and finding resolution to complex situations
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • 2-3 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
  • Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting


Job Band:
H6

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

The Investment Manager and Trust Securities Services Teams play a significant role within Global Wealth & Investment Management and Private Bank. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. We focus on minimizing risk and promoting a positive Client experience. Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and Private Bank accounts.

Opportunities exist for team members to develop leadership, project management and technological skills. We offer excellent career development opportunities to foster skills and talent.

The Fund Administration Department's responsibilities include but are not limited to the following:

  • Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
  • Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
    • Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
    • Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
    • Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
    • Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for Private Bank and Merrill Lynch Clients
    • Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
    • Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually


The duties of this particular role include, but are not limited to:

  • Monitor and analyze daily outages due to discrepancies for trades, corporate actions and non-trade transactions
  • Make sure that Department standards are met and that updates are provided to management through either immediate communication and/or weekly highlights.
  • Assist with updates to procedural documentation / process maps, and participate in system testing as needed.
  • Participate in internal and Third Party audits
  • Manage risk by identifying and escalating items appropriately
  • Lead projects and special assignments as needed.
  • A subject matter expert in break analysis and ability to assist with the resolution of daily outages
  • Collaborative mindset with an ability to partner with internal/external partners to find resolution for inquiries
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • Provide training and guidance to junior team members where necessary

Required Criteria
  • Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
  • General knowledge of accounting and financial reporting
  • Capability to think analytically and apply skill set to manage reconciliations
  • Ability to handle multiple deliverables for either daily processing and/or expanded strategic initiatives
  • Must have excellent written and verbal communication skills
  • Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
  • Demonstrates attention to detail
  • An understanding of technology and the ability to incorporate that understanding into process improvements
  • Ability to work independently while effectively managing and finding resolution to complex situations
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • 2-3 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
  • Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting


Job Band:
H6

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

The Investment Manager and Trust Securities Services Teams play a significant role within Global Wealth & Investment Management and Private Bank. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. We focus on minimizing risk and promoting a positive Client experience. Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and Private Bank accounts.

Opportunities exist for team members to develop leadership, project management and technological skills. We offer excellent career development opportunities to foster skills and talent.

The Fund Administration Department's responsibilities include but are not limited to the following:

  • Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
  • Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
    • Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
    • Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
    • Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
    • Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for Private Bank and Merrill Lynch Clients
    • Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
    • Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually


The duties of this particular role include, but are not limited to:

  • Monitor and analyze daily outages due to discrepancies for trades, corporate actions and non-trade transactions
  • Make sure that Department standards are met and that updates are provided to management through either immediate communication and/or weekly highlights.
  • Assist with updates to procedural documentation / process maps, and participate in system testing as needed.
  • Participate in internal and Third Party audits
  • Manage risk by identifying and escalating items appropriately
  • Lead projects and special assignments as needed.
  • A subject matter expert in break analysis and ability to assist with the resolution of daily outages
  • Collaborative mindset with an ability to partner with internal/external partners to find resolution for inquiries
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • Provide training and guidance to junior team members where necessary

Required Criteria
  • Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
  • General knowledge of accounting and financial reporting
  • Capability to think analytically and apply skill set to manage reconciliations
  • Ability to handle multiple deliverables for either daily processing and/or expanded strategic initiatives
  • Must have excellent written and verbal communication skills
  • Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
  • Demonstrates attention to detail
  • An understanding of technology and the ability to incorporate that understanding into process improvements
  • Ability to work independently while effectively managing and finding resolution to complex situations
  • Intellectually curious with a mindset focused on deep understanding of business processes supported
  • 2-3 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
  • Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting


Shift:
1st shift (United States of America)

Hours Per Week:
40
Learn more about this role

Jacksonville, Florida

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