Reconciliation Support Analyst

Job Description:

Job Title: Reconciliation Support Analyst

Corporate Title: Officer

Location: Dublin

Company Overview:

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!

Location: Dublin

Find us at our Central Park office, Leopardstown, where you will find our state-of-the-art facilities based in Dublin’s premium business park. With an onsite gym, staff restaurant and coffee shop, all your daily needs are conveniently catered for. There are also a range of travel options available to staff, including the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park, which means getting to work has never been so easy.

Role Description:

The EMEA Accounting and Reconciliation Team are responsible for managing a wide variety of Balance Sheet reconciliations with focus on risk and exposure management and process improvement. The role will require engagement with business partners in each region including but not limited to Cash Equity, Debt, Futures, Collateral and Prime Brokerage businesses including front to back, inter/intra company and custodian reconciliations.

Key to success in the role will be the active participation, not only in maintaining the day-to-day controls and risk management, but also the ongoing work on process improvements and mandatory new business projects.

The candidate will get the opportunity to develop greater understanding as to how BAML operates, allowing for interaction with various operational teams.

Responsibilities:

• Working towards meeting daily, weekly & monthly targets
• Cross-training to cover all functions as the need arises
• Identifying control gaps and closing them ASAP
• Ensure variances between the general ledger and the sub ledger (or other independent supporting balances) are investigated, documented, and aged correctly
• Adhere to the charge off schedule where relevant
• Work with the team and GRG to ensure EIRT (Enhanced Independent Reconciliation Testing) and compliance reviews are consistently passed. Any failures are to be reviewed, mitigated & remediated in a timely manner
• Ensure you maintain accurate and audit ready pack procedures
• Ensure a consistent focus on continuous improvements. Identify areas of risk, gaps in processes, documentation, quality control and offer sound suggestion for implementation of improvements
• Adhere to the documented escalation procedure and ensure any issues are highlighted to the AVP & VP in a timely and clear manner

What we are looking for:

• Communicating to management with good ability to engage on escalations
• Ability to work under pressure and deliver monthly tasks within deadlines
• Excellent time management skills and ability to manage multiple contending priorities
• Excellent analytical skills and attention to detail
• Utilizes Microsoft Office products (Word, Excel, PowerPoint, Outlook) effectively

Benefits of working at Bank of America
Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work because of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of adult-care per annum
• Ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, specified illness cover etc
• Use of a flex fund to use towards benefits
• Access to free counselling through an Employee Assistance Programme and virtual GP services
• Opportunity to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to join our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

Good conduct and sound judgment are crucial to our long-term success. It’s important that all employees in the organisation 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 favourable treatment on the grounds of gender, gender identity, marital status, race, colour, 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.