Back to search results

FICC Trade Control Analyst - Volcker Reporting

Chester, United Kingdom

Job Description:

Job Title: FICC Trade Control Analyst - Volcker Reporting

LOB: Global Technology and Operations

Corporate Title: Officer

Location: Chester

One of the world’s leading financial institutions, we have 57 million customers ranging from individuals to businesses to governments and we are committed to growing responsibly. We’ve been building meaningful connections in Europe, the Middle East and Africa for 90 years, and you’ll find our 200,000-strong workforce in more than 35 countries worldwide.

Business Unit overview:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non-FICC businesses.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

We also provide Volcker metrics analysis for regulatory reporting and approximate trade reporting across multiple lines of business at Bank of America, giving wide cross business and product exposure.

This role is focusing on Volcker Metrics, Overhedge and Approximation reporting across numerous Lines of Business (LOB’s) within Fixed Income Currencies & Commodities (FICC).


  • The preparation and delivery of monthly Volcker, Approximation and Overhedge metrics, including working on enhancements to the current process and controls
  • Reconciliation and  review of the relevant Volcker Metrics across a number of global businesses within FICC
  • Working with Front Office (FO), Technology, Data Management, Regulatory, Initiatives and Trade Assistants (TA’s) to communicate issues and implement enhancements
  • Working with senior contacts across FO, Finance and Market Risk to ensure compliance with GBAM wide and LOB specific guidelines relating to Overhedge and Approximation reporting
  • Work on a range of initiatives (both those specifically impacting the functions above and other projects impacting the wider Trade Control team) such as system migrations, process automation and improvement projects

Core Skills:

  • Mathematical or financial qualification preferred
  • Knowledge of financial products (Interest Rate, FX, Credit)
  • Excellent spreadsheet and data analysis skills
  • MS Office - especially Excel; Booking and Reporting system knowledge (e.g. Orca/VMaster/Vienna/Pioneer/Bloomberg/SLATE)
  • Understanding of the Volcker Rule is beneficial
  • Excellent communication and project management skills
  • Ability to build and maintain relationships at all levels within organisation
  • Ability to quickly understand and interpret principles / new ideas
  • Good attention to detail and the ability to prioritise workload whilst working accurately in a fast paced environment


  • 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

We offer a competitive Salary and Benefits package.

Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

For more information on our commitment to ESG, visit

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time


Manages People:


Talent Acquisition Contact:

Referral Bonus:

Check out the Chester office

Located on the River Dee near the Welsh border, we enjoy working in historic Cheshire, surrounded by beautiful green landscape and cultural institutions like the Chester Zoo and Storyhouse.

Three co-workers outdoors at the Chester, UK office
A street in downtown Chester
A river with boats

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE