Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This is an Assistant Vice President role focused primarily on supporting mortgage and asset backed Securitisation execution, lifecycle events, and controls governance.
Key responsibilities include reporting, reviewing, and processing securitization transactions and performing other support operations functions as required. Job expectations include ensuring quality service and effective and efficient operations support for the assigned area's internal business partners, external customers, or clients.
Responsibilities:
-
Contributes to the overall success of the Loan Operations team as an individual contributor
-
Accountable for operational activities and queries across RMBS and ABS securitisation structures (public and private)
-
Assists with the daily operations of securitisation trusts in line with transaction documentation and internal processes
-
Monitors compliance with triggers, covenants and regulatory obligations across assigned RMBS and ABS structures
-
Oversees funding requirements, ensuring adherence to facility terms and liquidity obligations
-
Prepares and validates pool cut data, servicer reporting, and pool analysis to ensure accuracy and completeness
-
Reviews cash flow distribution waterfall calculations to ensure alignment with transaction mechanics
-
Partners with relevant teams to understand legal documentation to ensure accurate application of waterfall payments and structural terms
-
Liaises with clients, trustees, servicers and counterparties to support transaction execution and issue resolution
-
Adheres to internal deadlines and external Service Level Agreements (SLAs)
-
Identifies and escalates exceptions, breaks or risks in operational processes and reporting
Skills:
-
Data Collection and Entry
-
Active Listening
-
Adaptability
-
Attention to Detail
-
Reporting
-
Account Management
-
Collaboration
-
Customer Service Management
