Transaction Management Ops Analyst

at  Bank of America

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!

JOB DESCRIPTION:

This job is responsible for moderately complex transaction and fulfillment processing, including the movement of assets into and out of accounts. Key responsibilities include reconciliation, settlement, and trade and transfer support, and providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling in operational processes which may carry medium to high levels of monetary risk and assisting in training less experienced team members.

LINE OF BUSINESS JOB DESCRIPTION:

This team is responsible for administering 401(k) plans for a large number of employers, including many Fortune 500 companies. This administration includes contribution, loan, distribution, and fund transfer processing. Team members should expect to learn the 401(k) product as well as the skills needed to build a strong foundation for a career in financial services. Transaction Management Ops Analyst work in a team environment, assisting internal partners to facilitate requests originated by 401(k) participants and by plan sponsors of the companies we service. Also responsible for:

• Accurately identifying and layering incoming mail in a timely fashion
• Pulling and processing check deposits through the Check21 application
• Processing and verifying several transactions including Spousal Consent Forms, Enrollments, Loan repays/payoffs and Rollover Contributions
• Demonstrating a cooperative and professional work attitude, while displaying the ability to work effectively in a team environment

REQUIRED SKILLS:

• Strong organizational skills
• Strong communication skills
• Strong problem-solving and decision-making skills
• Detail oriented
• Flexibility
• Team player
• Ability to work in a high volume fast paced environment

DESIRED SKILLS:

• Proficiency in Microsoft Excel and PowerPoint

SKILLS:

• Attention to Detail
• Customer and Client Focus
• Oral Communications
• Prioritization
• Problem Solving
• Account Management
• Analytical Thinking
• Coaching
• Written Communications
• Mentoring
• Research
• Result Orientation

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

This team is responsible for administering 401(k) plans for a large number of employers, including many Fortune 500 companies. This administration includes contribution, loan, distribution, and fund transfer processing. Team members should expect to learn the 401(k) product as well as the skills needed to build a strong foundation for a career in financial services. Transaction Management Ops Analyst work in a team environment, assisting internal partners to facilitate requests originated by 401(k) participants and by plan sponsors of the companies we service. Also responsible for:

• Accurately identifying and layering incoming mail in a timely fashion
• Pulling and processing check deposits through the Check21 application
• Processing and verifying several transactions including Spousal Consent Forms, Enrollments, Loan repays/payoffs and Rollover Contributions
• Demonstrating a cooperative and professional work attitude, while displaying the ability to work effectively in a team environmen