Blog 3.Application Letter Critique

Job Description:

Emp Ref No: SGP01687 SGP01687 JobsDB Ref: JSG400003000336222 Bank of America Corporation and Merrill Lynch & Co., Inc. have officially joined forces, creating a leading banking and wealth management franchise and premier corporate and investment banking and capital markets businesses. Our corporate cultures share a strong emphasis on making clients our first priority. Our global company, with a deep and diverse array of businesses, is uniquely positioned to offer a much broader choice of leading solutions, products and services to companies, individuals, institutions and governments around the world. Derivatives Client Services Officer Post Date: 10 Feb 11 Job Description In close communication with the GWM Marketers and Products team, GMI Trade Support desks, technology, corporate actions & documentations teams, the primary responsibility of the DCS team is to act as an intermediary between the GWM private clients and the GMI Trading and support desks for all OTC FX Equity and structured products. Responsibilities Reporting to Manager of APR Collateral Monitoring Team & Derivatives Client Services Team, the successful candidate will be responsible for the following: To perform Trade Monitoring, Exceptions management & Affirmations and all related queries for all trades on a daily basis such that any trade discrepancies and/or system related issues are rectified urgently and all issues resolved before EOD. Life Cycle events management for all OTC and structured trades and analysis of root causes of trade failures for monthly reporting and escalation. Manage the process of third party structured products from product creation, data enhancement to distribution and settlement. This involve liaison with the external counterparty (issuers), front office traders, clearing banks as well as internal corporate action teams. Administers the execution of ISDA confirmations for OTC FX and Equity trades post reconciliation with trade capture system and termsheet, while ensuring 30Day Fed targets are met along with producing weekly aging reports on outstanding confirmations. End of Day MIS reporting on volumes and issues. Requirements The candidate needs to be process-minded, as they will be expected to participate in designing, analyzing and improving processes during the day-to-day activities in order to mitigate risk and improve efficiency. The ideal candidate should be self-driven and proactive, suitably aggressive in order to chase up on open ended issues with both management and front office traders.  The following attributes are necessary: Strong verbal communication skills as there is a frequent need to engage with the business on various issues as well as use influencing skills to manage expectations of various parties. The following attributes are preferred: Knowledge of ISDA documentation. Knowledge of some OTC FX and Equity products. Qualification: University degree with a minimum of 2 years’ relevant experience. Proficiency in Excel.

Cover Letter:

Zhang Yanjing,

4-G, Blk 22,

35 Prince George’s Park,

Hp:97583365

jingjing88510@hotmail.com

Date: 11th Feb 2011.

Bank of America, Merrill Lynch
Millenia Tower #28-00,

1 Temasek Avenue (S)039192
.

Dear Sir/Madam,
Application for Derivatives Client Services Officer
I am currently a final year student of National University of Singapore(NUS), pursuing a Bachelor’s honor degree of statistics (specialized in Finance). I am responding to your advertisement on the JobsDB (Ref: JSG400003000336222) and applying for the position of a Derivatives Client Services Officer for Bank of American, Merrill Lynch. 

I am currently a Statistics major specializing in finance with a strong interest in the banking industry. I took modules related to finance that will help me in banking industry such like economics, accounting and financial mathematics etc. I am good in statistic programs like SAS,SPSS and R which are very useful for risk analysis. I have also learned Java and C++ programming skills during my undergraduate study.

Through much leadership during my university life, I have gain strong leadership skills while possessing a great team spirit. As president of BINGO China-Affair Sub-Committee, I successful organize international conference with Shenzhen University. Our conference raise fund for selected 50 students in NUS, sending them to Shenzhen in China had a 4-days trip. You could look into my resume if you are interest in my other activities.

I also have four years of internship experience. My most recent internship at Bank of China, Hunan Branch has allowed me to further develop and strengthen my technical skills. I have also worked part time in NUS Science Faculty Dean’s office which has honed my skills on using Microsoft Office, especially Microsoft Excel and Word. My internship in CareerAlbum. Inc as a quality assurance engineer which entails me to support and market website platform has also strengthen my ability to work well both independently and in a team. I believe that I can make a significant and valuable contribution to Bank of American, Merrill Lynch through the position as a Derivatives Client Services Officer. 

I am looking forward to speaking with you. Thank you for your time and consideration. 

Yours faithfully

ZHANG YANJING

Enclosures:
1. Resume
2. Certificate of internship


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