girl looking into her desktop
Back to search results

Equities Trade Control Professional

, , United Kingdom

Job Description:

Job Title: Equities Trade Control Professional

Corporate Title: Officer

Location: London

Role Description:

The role provides trade support across Equity Derivatives desk’s and assists with all the operational queries and bookings that are required in order to ensure client service excellence and satisfaction. The team provides a centralised contact point for the desk, sales, clients, settlements and documentation areas to go to for resolution of operational issues that may arise.

The candidate will have regular interaction with the Front Office and be expected to resolve trader related queries as part of this role. Due to the businesses Brexit requirement to establish a support function within the location the minimum requirement of the candidate will be to perform the below tasks to ensure the group manages operational risk appropriately.

Life Cycle Management:

  • Coupon, Early Calls and Expiry calculations for Equity Derivatives
  • Corporate Action processing and review on Vanilla and Exotic Equity Trades and re-weighting of custom baskets
  • Listed option exercise/assignment bookings
  • Swap Resets for both Interest Rate and Equity Swaps
  • Fixing Exception Reports

Reconciliations and Reporting:

  • Intercompany reconciliations
  • Reviewing front to back and exchange reconciliation breaks
  • Swapswire reconciliation and exception review
  • Fails investigation/follow up on stocks, listed products and cash breaks
  • Expiry and Risk reports production for Front Office

They will also be a critical business partner for sales, trading, business supervision, business management, documentation team, dividend team, operations and finance teams with an expected input into bank initiative’s and project work.

The Equity Derivatives Trade Control group provides lifecycle management and reconciliation support for the Exotics Derivatives Trading Desk’s.

Product scope – Exotic Equity and Hybrid Derivatives. Vanilla options, Interest and Equity Swaps, Futures and Securities.

  • Provide support to the Exotic and Flow Derivative Trading desks and equivalent sales teams
  • Lifecycle Management: - Monitoring and booking of Derivatives payment events, barrier monitoring, corporate actions, fixings and swap resets. Provide calculation sheets for complex payoffs
  • Ensuring that daily emails sent to the inbox are dealt in a swift manner, and prioritized accordingly
  • Trade Maintenance, reviewing queries and performing amendments on OTC Exotic Derivatives and vanilla products
  • Review market data and ensure that it is accurate.
  • Represent the group and face off to partner groups

Essential Skills:

  • Equities Experience preferred
  • Strong Excel skills
  • Degree or equivalent
  • Good attention to detail
  • Sound Communication skills
  • 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:

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.

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Equities Trade Control Professional

Corporate Title: Officer

Location: London

Role Description:

The role provides trade support across Equity Derivatives desk’s and assists with all the operational queries and bookings that are required in order to ensure client service excellence and satisfaction. The team provides a centralised contact point for the desk, sales, clients, settlements and documentation areas to go to for resolution of operational issues that may arise.

The candidate will have regular interaction with the Front Office and be expected to resolve trader related queries as part of this role. Due to the businesses Brexit requirement to establish a support function within the location the minimum requirement of the candidate will be to perform the below tasks to ensure the group manages operational risk appropriately.

Life Cycle Management:

  • Coupon, Early Calls and Expiry calculations for Equity Derivatives
  • Corporate Action processing and review on Vanilla and Exotic Equity Trades and re-weighting of custom baskets
  • Listed option exercise/assignment bookings
  • Swap Resets for both Interest Rate and Equity Swaps
  • Fixing Exception Reports

Reconciliations and Reporting:

  • Intercompany reconciliations
  • Reviewing front to back and exchange reconciliation breaks
  • Swapswire reconciliation and exception review
  • Fails investigation/follow up on stocks, listed products and cash breaks
  • Expiry and Risk reports production for Front Office

They will also be a critical business partner for sales, trading, business supervision, business management, documentation team, dividend team, operations and finance teams with an expected input into bank initiative’s and project work.

The Equity Derivatives Trade Control group provides lifecycle management and reconciliation support for the Exotics Derivatives Trading Desk’s.

Product scope – Exotic Equity and Hybrid Derivatives. Vanilla options, Interest and Equity Swaps, Futures and Securities.

  • Provide support to the Exotic and Flow Derivative Trading desks and equivalent sales teams
  • Lifecycle Management: - Monitoring and booking of Derivatives payment events, barrier monitoring, corporate actions, fixings and swap resets. Provide calculation sheets for complex payoffs
  • Ensuring that daily emails sent to the inbox are dealt in a swift manner, and prioritized accordingly
  • Trade Maintenance, reviewing queries and performing amendments on OTC Exotic Derivatives and vanilla products
  • Review market data and ensure that it is accurate.
  • Represent the group and face off to partner groups

Essential Skills:

  • Equities Experience preferred
  • Strong Excel skills
  • Degree or equivalent
  • Good attention to detail
  • Sound Communication skills
  • 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:

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-21075543

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
London, , EC1A 1HQ