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Bank of America Custody Specialist I in Waltham, Massachusetts

Custody Specialist I

Dallas, Texas;Waltham, Massachusetts; Atlanta, Georgia; Pennington, New Jersey

Job Description:

The Custody Specialist I position has responsibility for supporting the day-to-day client servicing administration of custody relationships. This includes processing transactions such as payment of client bills/invoices, wires, internal cash transfers, deliveries receives or any other client request in a timely and accurate manner. Effective communication, strong attention to detail and the ability to handle workflow/prioritize is required to comprehend and address the timing of client requests. Review overdraft, pending securities transactions, and corporate action reports on a daily basis. Perform administrative analysis of new and existing accounts for Administrative Reviews. Works collaboratively with custody team members to open/close accounts, set up ticklers, remittance events and other account maintenance requirements. Address or escalate client issues/inquiries or other related custody functions in accordance with policies and procedures. Perform information analysis and address related projects as needed. Responsible for coordination with external partners (investment managers, brokers, attorneys, accountants) and internal support partners (Client Relationship/Sales Teams, Securities Operations, Tax Compliance, etc.) to ensure accurate, timely, and efficient custody administration.

The qualified candidate will possess a BS/BA degree or equivalent work experience preferred/desired and knowledge of securities and custody administration. In addition to being computer proficient including knowledge of Microsoft Office (Word, Excel and Outlook), possessing strong written and grammatical skills, along with solid organizational and communication abilities, all while working in a fast paced dynamic work environment.

Job Band:

H6

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Custody Specialist I position has responsibility for supporting the day-to-day client servicing administration of custody relationships. This includes processing transactions such as payment of client bills/invoices, wires, internal cash transfers, deliveries receives or any other client request in a timely and accurate manner. Effective communication, strong attention to detail and the ability to handle workflow/prioritize is required to comprehend and address the timing of client requests. Review overdraft, pending securities transactions, and corporate action reports on a daily basis. Perform administrative analysis of new and existing accounts for Administrative Reviews. Works collaboratively with custody team members to open/close accounts, set up ticklers, remittance events and other account maintenance requirements. Address or escalate client issues/inquiries or other related custody functions in accordance with policies and procedures. Perform information analysis and address related projects as needed. Responsible for coordination with external partners (investment managers, brokers, attorneys, accountants) and internal support partners (Client Relationship/Sales Teams, Securities Operations, Tax Compliance, etc.) to ensure accurate, timely, and efficient custody administration.

The qualified candidate will possess a BS/BA degree or equivalent work experience preferred/desired and knowledge of securities and custody administration. In addition to being computer proficient including knowledge of Microsoft Office (Word, Excel and Outlook), possessing strong written and grammatical skills, along with solid organizational and communication abilities, all while working in a fast paced dynamic work environment.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21082033

Band: H6

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Susan Membrino

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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