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EMEA REPO Trading Assistant

London, , United Kingdom

Job Description:

Job Title: EMEA REPO Trading Assistant

Corporate Title: up to Vice President

Location:  London

We seek an experienced Trading Assistant to cover all activities of the Fixed Income, Currency and Commodities (FICC) REPO business. In this role you will be based on our trading floor, and we are seeking a motivated candidate to work closely with Global Markets Front Office and external counterparties across multiple asset classes. Your primarily responsible will be supporting the desk with all trading activities with additional focus on regulatory obligations, product enablement and ad-hoc problem solving in REPO, Cash and CP in EMEA, E.M and some U.S markets.


Key Responsibilities:

  • Primarily responsible for supporting the desk with daily trading activities in REPO, Cash and CP, managing firm wide funding requirements and resolving client queries
  • Managing multi-entity funding requirements via Triparty and TSL, analyzing assets versus collateral schedules ensuring efficient allocation, projecting triparty cash requirements to Treasury
  • Agreeing and reconciling TSL exposure figures with clients
  • Supporting clients on Commercial Paper flows (new issuance, platform set up)
  • Monitoring failing trades, reporting details to desk and support partners
  • Processing returns and recalls, liaising with and implementing broker requests
  • Creation of daily  balance sheet reports
  • Facilitating cross asset trades including structured XCCY repo and basis trades
  • Resolve queries for the trading desk and related support partners
  • Work with support partners to make necessary amendments to trades
  • Business and product enablement  (partner trading, sales)
  • Build and maintain relationships across senior business leads and support partners

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 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.

Core Skills

  • Experience of working with Fixed Income products, preferably from a Trading Support or Middle Office environment
  • Knowledge of REPO products & Tri-Party Funding
  • Exposure to IR derivatives & Exchange traded products
  • Working knowledge of current regulatory landscape (SFTR, MIFID2, CSDR)
  • Technology literate - competent user of MS Excel
  • Inquisitive and analytical mindset
  • Ability to prioritize multiple demands within
  • Able to operate successfully in a fast paced environment
  • Excellent Operational Risk awareness

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:

H5

Shift: 

Hours Per Week:

0

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: EMEA REPO Trading Assistant

Corporate Title: up to Vice President

Location:  London

We seek an experienced Trading Assistant to cover all activities of the Fixed Income, Currency and Commodities (FICC) REPO business. In this role you will be based on our trading floor, and we are seeking a motivated candidate to work closely with Global Markets Front Office and external counterparties across multiple asset classes. Your primarily responsible will be supporting the desk with all trading activities with additional focus on regulatory obligations, product enablement and ad-hoc problem solving in REPO, Cash and CP in EMEA, E.M and some U.S markets.


Key Responsibilities:

  • Primarily responsible for supporting the desk with daily trading activities in REPO, Cash and CP, managing firm wide funding requirements and resolving client queries
  • Managing multi-entity funding requirements via Triparty and TSL, analyzing assets versus collateral schedules ensuring efficient allocation, projecting triparty cash requirements to Treasury
  • Agreeing and reconciling TSL exposure figures with clients
  • Supporting clients on Commercial Paper flows (new issuance, platform set up)
  • Monitoring failing trades, reporting details to desk and support partners
  • Processing returns and recalls, liaising with and implementing broker requests
  • Creation of daily  balance sheet reports
  • Facilitating cross asset trades including structured XCCY repo and basis trades
  • Resolve queries for the trading desk and related support partners
  • Work with support partners to make necessary amendments to trades
  • Business and product enablement  (partner trading, sales)
  • Build and maintain relationships across senior business leads and support partners

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 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.

Core Skills

  • Experience of working with Fixed Income products, preferably from a Trading Support or Middle Office environment
  • Knowledge of REPO products & Tri-Party Funding
  • Exposure to IR derivatives & Exchange traded products
  • Working knowledge of current regulatory landscape (SFTR, MIFID2, CSDR)
  • Technology literate - competent user of MS Excel
  • Inquisitive and analytical mindset
  • Ability to prioritize multiple demands within
  • Able to operate successfully in a fast paced environment
  • Excellent Operational Risk awareness

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-21080646

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
2 King Edward ST, London, EC1A 1HQ