Job Description: About Bank of America Merrill Lynch: 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 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. 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 23 offices 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.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.
Bank of America Merrill Lynch is an equal opportunities employer.
Position Description Background: Japan Cash Equity Settlements / JGB Settlements team is responsible for performing settlement duties for the Japanese market for Equity Stock, Convertible Bonds, Japanese Government Bonds as well as Corporate Bonds. Our key objectives are to ensure that all Japanese market Cash Equity product settlements and JGB settlements are completed accurately and on time as well as that our service delivery to clients are efficient, effective, and reliable. The successful candidate will carry out daily tasks to reduce and maintain lower fail rate by contacting various teams inside and outside of Japan, such as our client service teams and clients' custodians. The successful candidate will also be in charge of reconciliations in order to keep company's books and record accurate and updated.
Equity and Corporate Bonds settlement control
JGB (Japan Government Bonds) settlement control
Settlement instructions data feed
Check unfed transactions
Standing instructions set up and correction of the instructions
Funding for the account
Reporting, generation of settled / failed / commitment report
Reconciliation of position and cash balance
Inquire settlement queries to related departments/branch offices
Liaison with Client Services of Tokyo, HK, London and New York
Daily / monthly reporting re: trade volume, fail rate, project status and etc.
Corresponding and liaison with custodian on various issues throughout the settlement process, including details of payment, instructions on value date, settlement instructions etc.
Knowledge in Cash Equity products / fixed income products is preferred
Candidates must be analytical in nature, creative, show initiative and have a mature approach to business
Outstanding communication skills as well as well-developed interpersonal skills are essential since this role involves a lot of internal and external liaison
Degree in Finance is preferred
Proficiency in Microsoft applications is essential
Access Power-point skills are helpful but not necessary
Fluency in written and spoken English is essential