Assistant Vice President, Asset Services

Bank of America Corporation
Singapore, Singapore
18 Nov 2022
02 Dec 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description:
Your background
• Tertiary education with a good academic track record
• 5 years or more of experience in Corporate Actions
• Strong knowledge of Corporate/Investment Banking within the Prime Brokerage/Custody space is preferred
• Ability to prioritize heavy workloads and work efficiently in dynamic environment to meet deadlines
• An independent and proactive worker with strong communication skills
• Driven and self-motivated individual
• Ability to work well under pressure and flexible to adjust to changing priorities.
• Exposure to Data analysis, Audit, Risk and control function
• A flexible approach to work
• Strategic Thinker
• Good organizational skills

Other qualifications
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect
The APAC Asset Services department are responsible Corporate Actions events relating to Equity and Fixed Income products. The position is to be a specialist in managing the Corporate Actions processes and control where he/she will have the exposure to deal with Traders, Stock Loan counterparties, exchanges and registrars day to day for managing various tasks such as Corporate Actions notification, election and entitlement management, handling Client queries, escalation and breaks solution. He/She will be exposed to both internal and external auditors and global teams to support wide range of risk, control and oversight function within the department. This role requires candidate who has aptitude for problem solving, attention to detail, a risk and control awareness, taking lead in decision making and building good working relationship with various internal and external stakeholders.

What you will do
• To manage overall Corporate Action processes in an accurate, timely and consistent manner, in accordance with departmental procedures and to the agreed service level
• Ensure highly robust control over all daily tasks
• Managing internal and external stakeholders on Corporate Action issues
• Adherence to documented procedures, control guidelines and compliance framework
• Accountable for reconciliation breaks in accounts on a daily basis and ensure timely clearance
• Ensuring that all queries are attended to and investigated promptly
• Supporting change by assisting in devising and implementing improved processes
• To support control framework (Audits, System Access Controls, Procedure Controls, Record Retention, Client Asset Control, New Employee on boarding, supporting Operational Risk & Control initiatives, Business Continuity Plan, Global Reconciliation Governance approvals)
• Develop internal quality control routines for Asset Services
• Management Reporting
• Raising issues of risk where necessary

About Bank of America
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 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. 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 19 cities 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.
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