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GWIM Operations Analyst - Securities-Based Lending
GWIM Operations Analyst - Securities-Based Lending-February 2024
Jacksonville
Feb 7, 2025
ABOUT MERRILL
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses. We focus on helping all clients pursue the
10,000+ employees
Financial Services
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About GWIM Operations Analyst - Securities-Based Lending

  Job Description:

  At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

  One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

  Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

  Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

  As a Securities-Based Lending (SBL) Collateral Monitoring Operations Analyst you will resolve high priority and intricate inquiries for client accounts regarding SBL accounts. In addition to acting as a subject-matter expert on SBL products for our front office partners, you will also be responsible for reviewing and approving complex financial transactions in SBL accounts and creating and validating several reports which monitor our SBL accounts. Detailed responsibilities are described below:

  Daily review of account balances and holdings to determine adherence with firm and regulatory collateral requirements to reduce risk to clients and the firm.Processing service requests including, but not limited to Margin, Fed Funds, Checks, Journal Entries and Periodic Distributions.Handling inbound calls from branch offices via the MLSN network while maintaining high survey results and providing correct information and resolution.Ability to understand and effectively communicate Merrill systems, including Accounts Processing (AP), Brokerage Authorization (BA), Genesis, Naked Options Stress Analysis (NOSA), and the Commitment Tracking System (CTS)Performing User Acceptance Testing (UAT) of the above mentioned systems, including occasional Saturday release testing.Calculating collateral requirements, including margin and options strategies.Contributing to the team by implementing procedural changes with regard to request processing and compliance/exposure issues.Annual systems calculation reviews, procedure reviews, askMerrill/Smart Agent updates, etc.

  Required Skills:

  Proficient in performing basic mathematical calculations (multiplication, division, etc.) with accuracy.Strong working knowledge of Microsoft Office applications, including Excel, Word, and PowerPoint.Strong organizational skills, attention to detail, and ability to work independently with minimal supervision.Strong written and verbal communication skills in order to perform in a proactive and effective manner across all levels of the organization.Ability to interpret and effectively communicate information contained in account holdings, activity, and balances.

  Desired Skills:

  College Degree PreferredKnowledge of Securities Based Lending products offered by Merrill (Margin, Options, LMA, ML Home Loans, MLBTC, etc.)Knowledge of margin and option requirements.Understanding of the Securities Industry and the various internal and external rules and regulations affecting the industry and department (e.g., Regulation T, Regulation U, FINRA, firm policies and procedures, etc.).Familiarity with processing financial transaction requests via ASAP & ATCS.

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

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