Ops Professional MKTS Job at Bank of America
Job Description:
Job Description
The MBS Allocations team provides comprehensive trade and allocation support to various trading desks. They support Agency MBS Pass-Through securities (TBAs and pools), or those issued or guaranteed by the government agency, Ginnie Mae, or one of the two government-sponsored entities (GSE), Fannie Mae and Freddie Mac. The team also provides reporting and accounting services for the desks as well as other stakeholders.
Responsibilities for this AVP level role will include:
Individuals are responsible for allocating TBA's, tying out positions with the trading desk and middle office, and managing fails. An allocator is required to manage risk, avoid fails, and sift for valuable bonds to maximize profits. Challenges include ad-hoc trading desk requests, allocation deadlines, and position management. The ability to multi-task and prioritize in a fast paced, highly stressful environment is a must.
- Allocate mortgage pools to TBAs
- Sort for valuable bonds to maximize Trading Desk profits
- Reconcile positions with the RMBS Trading Desk
- Manage fails by communicating with the street for prompt settlement
- Investigate and resolve trade exceptions
- Perform ad-hoc reporting for the Trading Desk and Finance Team
Individuals are responsible for allocating TBA's, tying out positions with the trading desk and middle office, and managing fails. An allocator is required to manage risk, avoid fails, and sift for valuable bonds to maximize profits. Challenges include ad-hoc trading desk requests, allocation deadlines, and position management. The ability to multi-task and prioritize in a fast paced, highly stressful environment is a must.
Other Qualification
- 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
Job Band:
H5Shift:
1st shift (United States of America)Hours Per Week:
40Weekly Schedule:
Referral Bonus Amount:
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