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.
Japan settlements team is responsible for performing settlement duties for the Japanese market for equity stock/convertible bonds and fixed income products. Our key objectives are to ensure that all Japanese 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 supervise Cash Equity or Fixed Income or Client Service team and carry out daily tasks to reduce and maintain lower fail rate by contacting various teams inside and outside of Japan. The candidate will also be in charge of reconciliations in order to keep company's books and record accurate and updated.
Equity/CB or FICC 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.