Sr Trading, Sales Assistant: Commodities

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!
Our Trading Assistant teams supports our sales and/or trading desks across all asset classes. They are notably responsible for trade capture and resolving trade discrepancies. The team also liaises between trading, trade support, sales, counterparties, counterparty credit, operations, and compliance. This function is also involved in the introduction and User Acceptance Testing (UAT) of new initiatives, systems, and process improvements to increase efficiency and enhance controls. This role requires product knowledge of financial instruments relevant to the area supported and across related asset classes.
As a Trading Assistant, you will have the opportunity to gain valuable experience in the financial markets and contribute to the success of the trading desk. The role will entail direct cooperation with the trading desk as well as key stakeholders inside and outside of the franchise.
Responsibilities:

• Assisting trading team in trade cycling events across the Index and Energy markets, including confirming transactions, and managing documentation
• Liaising with trading and sales, clients, vendors, and stakeholders to facilitate trade transactions and resolve inquires promptly.
• Maintaining accurate and up-to-date trading records, organizing trade-related documents, and generating reports as required.
• Supporting trade capture and resolving trade discrepancies. 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.

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation, and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.
Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.
What we are looking for:

• Familiarity with commodities. An understanding of the factors that influence commodity prices and market dynamics
• Familiarity with documentation and other requirements (regulatory, credit, AML, static data needs) for trading commodity products
• Excellent attention to detail is crucial in trade execution, documentation and maintaining accurate records
• Strong sense of urgency with ability to multi-task heavily
• Familiarity with trade capture, client onboarding, and credit risk systems a plus

Desired Skills:

• 2+ years of trading floor or operations experience.
• Be a "doer" as well as a "thinker" and demonstrate an ability to drive projects / tasks to completion
• Self-starter with outstanding problem-solving skills. Excels at 'getting things done' with minimal direction.
• Strong operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data
• Be enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
• Take personal responsibility for delivering high quality work and have a track record of outperformance and delivery
• Be able to design and produce insightful regular reports and drive continuous improvement in these reports
• Ability to thrive in a dynamic, team-oriented environment - both work closely with senior members of the team and work independently
• Ability to grow and develop into a trading role

Bank of America:
Good conduct and sound judgment are crucial to our long-term success. It's important that all employees in the organization understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunity employer and ensure that no applicant is subject to less favorable treatment on the grounds of gender, gender identity, marital status, race, color, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay and benefits information
New York City pay range:
$85,000 - $135,000 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.