MO - Trading - Sales Assistant Lead - New York - 10007

  • Bank of America
  • $135,480.00 - 135,480.00 / Year *
  • 21 Warren St, New York, NY 10007
  • Full-Time
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Job Description:

Line of Business Role Description

Supports sales and/or trading desks. Responsible for trade capture and resolving trade discrepancies. Liaises between trading, trade

support, sales, counterparties, counterparty credit, operations, and compliance. Participates in the introduction and UAT of new initiatives,

systems, and process improvements to increase efficiency and enhance controls. Handles ad hoc requests from clients and the desk.

Requires product knowledge of financial instruments relevant to the area supported and across related asset classes.

Key Responsibilities:

Supervises a team or multiple teams that support multiple trading desks related to part of a global business line or region. Responsible for leading transformation efforts and aligning associate responsibilities to best practices.

Provide input to senior manager on staffing decisions and performance management and talent management .

Ensures that procedures are complaint with regulatory rules by ensuring procedures are up to date and evolving. Will work closely with

senior desk heads, compliance and supervision.

Continually reviews roles and responsibilities with a view to aligning processes. Delivers a best practice model.

Typically 10+ years experience of working on a Trading Floor with management experience.

Required Skills

7+ years of applicable Trading Assistant & Control experience in derivatives, specifically USD IRS Swaps, at an investment firm or bank.

It is important the candidate understand swaps, futures, and treasury products and their respective trading/hedging strategies and life-cycle events. Have throrough understanding of Trade Capture, P&L, curve construction and risk.

Team player. Ability to work with the Front Office and support partners to address and resolve issues. Ability to multi-task. Continuously maintain a control function mindset. Extremely motivated and goal seeking with ability to work in fast pace/pressure environment. Strong problem solving ability with willingness to grow his/her skills dynamically. Takes initiative. Ability to lead and supervise junior associates, manage and set direction and priorities.

Excellent verbal and written communication/presentation skills. Demonstrates effective time management and prioritization skills.

Expert PC skills with high proficiency using Excel.

Familiarity with Bloomberg

Minimum of Bachelor of Science Degree in either of Finance, Mathematics, Accounting or Economics

Posting Date: 04/02/2019

Location: New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK, - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift


Associated topics: bank, financial planner, financial security, financial service, merchant service, merchant service solution, personal banker, security, stock broker, treasury


* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.