Bank of America · 1 day ago
OTC Derivatives Operations Analyst
Pennington, NJ
Full-time
Onsite
Entry Level
1+ years expBank of America is committed to helping make financial lives better through every connection, focusing on responsible growth and inclusivity. The OTC Derivatives Operations Analyst role involves transaction processing, reconciliation, and providing operational support for OTC Derivatives, ensuring quality service for clients and internal partners.
Asset ManagementBankingFinanceFinancial ServicesFinTech
Responsibilities
Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures
Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service
Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions
Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units
Serve as a point of contact for Investment Solutions Group OTC Derivative marketers and Financial Advisors for pre-trade and post-trade OTC Derivatives inquiries
Review trade requests for adherence to the Lending Underwriting Guidelines
Work with risk analytics and credit management to determine appropriate potential exposure amounts to ensure trade is adequately collateralized
Assist the collateral management group in resolving aged margin calls
Liaise with multiple areas supporting OTC Derivative trading including Credit, Risk Analytics, Margin/Collateral, and the Product Assessment Group
Identify process improvement opportunities and support related projects including regulatory enhancements
Facilitate the payment of monthly accruing Financial Advisor production credits
Work with Global Banking and Markets Operations to ensure Clients are set up in back-end trading systems
Support the trading of OTC FX transactions
Support the onboarding of clients onto trading applications for the Options Overlay program
Qualification
Required
A minimum of 1-year related experience in financial services
Experience supporting a financial product sales or marketing desk
Knowledge of structured products and trade life-cycle events
Proven ability to multi-task in a fast-paced trading environment
Detail oriented with strong communication and interpersonal skills
Preferred
An aptitude for problem solving
Experience with TRAQCS or similar trades processing systems
FX experience
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
2026-01-07
2026-01-06
Company data provided by crunchbase