Assistant Vice President, Collateral Operations

**What you can expect**

Singapore Collateral Operations provide collateral management support for Global Markets business to mitigate counterparty credit risk from transactions with our clients and counterparties based in APAC. The team covers range of products including OTC Derivatives, Fixed Income, Exchange Traded Derivatives and Prime Brokerage. The primary responsibility is to both issue and fulfill margin calls in a timely manner, up to and including settlement using the appropriate checks and controls to ensure the bank is correctly collateralised at all times. It is also the team's responsibility to assist clients with their enqueries while escalating any issues impairing the ability to ensure accurate collateralisation to key stakeholders including risk, the business and technology.

**What you will do**
- Monitor and ensure margin settlements
- Process and settle cash and non-cash collaterals in an accurate and timely manner
- Monitor clients’ and affiliates exposure and Process margin calls in a timely manner before settlement cut-off
- Liaise with clients and internal business partners to resolve issues
- Identify anomalies and ensure complete and timely issue resolution
- Perform management reporting
- Participate in technology enhancement initiatives, projects and UATs
- Maintain strong relationships with clients and internal business partners
- Handle regulatory and audit requests

**Your background**
- Strong experience in one or more of the following areas: Exchange Traded Derivatives, Prime Brokerage, OTC Derivatives or Fixed Income.
- Prior experience in Collateral Management is an advantage
- Strong communication skills, risk and control mindset and leadership skills
- Independent and motivated to excel
- Experience in institutional client service
- Experience in handling regulatory and audit requests
- Experience in handling complex margin dispute and issue resolution

**Other qualifications**
- 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

**About Bank of America**

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

**Connecting Asia Pacific to the world**

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

**Job Band**:
H5

**Shift**:
**Hours Per Week**:
40

**Weekly Schedule**:
**Referral Bonus Amount**:
0