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Asset Service Prime Brokerage Cost Basis Associate

Bank of America | Jacksonville FL 32246 USA | Full Time | Posted: 08/23/2019

Job Descriptiontop

Job Description:

Line of Business Role Description

Asset Services is part of Global Markets Operations (GMO). GMO clears and settles trades in securities and listed derivatives, manages fund transfers, provides custody services for proprietary and client assets and maintains control over static product and client data as well as provides reporting of taxes and reconciliation of cost basis. Jacksonville Asset Services is a globally aligned function reporting to the Global Head of Asset Services. The role requires a high degree of analytical and problem solving skills as well as interaction with peers in the New York, London, and Dublin offices.

Responsibilities include:

• Daily reconciliation of differences between our books and records versus a third party cost basis system that are resulting from corporate action events, trade corrections, asset transfers, etc.

• Respond to queries relating to tax reporting discrepancies on institutional accounts

• Update the reporting systems with corporate action events not supported by our vendor

• Asset Transfer cost basis solicitation and cost basis transmission

• Work with the team to create effective solutions in the cost basis reconciliation/reporting processes

Required Skills:

• College degree required, AA and/or BA degree

• Client focused and ability to manage risk

• Excellent communication skills

• Ability to work under pressure in a team environment

• Ability to work with all levels of the firm and people with different backgrounds and experiences

• Self-motivated and able to work with minimal supervision


1st shift (United States of America)

Hours Per Week:


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Location Jacksonville, FL, 32246, United States
Categories Manufacturing/Production/Operations

Location Maptop

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Job Code 19039406

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