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Trade Control Analyst - Credit Derivatives

Chester, , United Kingdom

Job Description:

FDCO 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.

Responsibilities

Work closely with the Trading Desk to support the  business and perform Trade Control Responsibilities such as –
• Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications
• Provide support to assigned trading desks – Support the Trading desk across all Middle-Office functions in a timely and accurate manner
• Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments to correct incorrect positions.
• Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)
• Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)
• Resolve Risk and P&L issues - Work closely with Front Office, Risk and P&L to resolve issues in a timely manner
• Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.
• Credit Default Event - Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully.
• Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.
• Build and maintain relationships across senior business leads and support partners

Requirements
• Attention to detail
• Strong interpersonal skills
• Dependable to deliver High Standards
• Ability to understands the diverse perspectives of stakeholders and work with them to resolve differences
• Collaborative team player

PREFERRED but not essential:
• Trade Control experience or product experience
• Proficiency in Excel, VBA and Alteryx
• Partner with team, business and tech partners to embrace change

Other Qualifications

· 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"

Bank of America overview

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. 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 organization 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.

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 dependents, 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.

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Title: Entry-Level Trade Control Analyst

Location: Chester

It’s your career, so own it. Looking for a place where you can have real ownership over your work? At Bank of America Merrill Lynch, we give you the opportunity to make the best of your skills and passions and turn your job into a career.

We have a number of entry level opportunities across our Trade Control Credit Derivatives team in the Chester office which are ideal for an individual looking to take their first step into Financial Services. If you have a desire to learn and you are focused on creating a rewarding career in the North West, we want to hear from you.

As part of our Global Market Operations function, you will have the opportunity to demonstrate exceptional attention to detail and put your problem solving skills to work. You will both learn from and interact with a variety of internal business partners across all areas of the bank, providing you with excellent exposure to the industry.

You’ll be joining dynamic and supportive teams and you will have access to on-going training and opportunities for future career development.

The Team

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

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

Responsibilities will include but not limited to working closely with the Trading Desk to support the business and perform Trade Control Responsibilities such as :

  • Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications 

  • Provide support to assigned trading desks – Support the Trading desk across all Middle-Office functions in a timely and accurate manner 

  • Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments to correct incorrect positions.

  • Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc) 

  • Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail) 

  • Resolve Risk and P&L issues - Work closely with Front Office, Risk and P&L to resolve issues in a timely manner

  • Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.

  • Credit Default Event - Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully.

  • Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.

  • Build and maintain relationships across senior business leads and support partners

Core Skills:

  • Attention to detail

  • Excellent interpersonal skills

  • Dependable to deliver High Standards

  • Ability to understands the diverse perspectives of stakeholders and work with them to resolve differences

  • Collaborative team player

  • Proficiency in Excel

  • Ability to partner with the team, business and tech partners to embrace change

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. 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.

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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. 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

JR-21027636

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE