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Transaction Reporting Operations - Submission Control

Chester, , United Kingdom

Job Description:

Job Title: Transactions Reporting Operations – Submission Control

Corporate Title: AVP

Location: Chester

Role Description:

We are currently recruiting for a Transaction Reporting Manager to join our Chester team within the Submission Control function. Our team is primarily focused on ensuring the bank fulfils its reporting obligations daily and remediating any exceptions received from the trade repositories and global regulators.

The successful candidate will have the opportunity to undertake problem solving and project management activities that impact all the firm’s key business lines and products.

The candidate will be responsible for a small team cross-locations who look after EMIR Transaction Reporting. There is the opportunity to work with various business partners cross-region, including Front Office and Technology.

The Team:

Within this team you will have the opportunity to manage your own career through involvement in a variety of projects and initiatives where you will be given full ownership to deliver successful outcomes. We pride ourselves in being highly ranked in the industry for reporting success rate, but we are consistently pushing ourselves to be better, you can be part of that journey.

Transaction Reporting Operations (TR Ops) is responsible for ensuring the completeness, accuracy, and timeliness of the bank’s transaction reporting requirements. Information passed to the regulators is designed to enhance transparency, reduce risk to ensure financial stability and prevent market abuse. The global team, which is based in the UK, US, and India, covers 30+ transaction reporting obligations (e.g. EMIR, MiFID). To help maintain control standards and provide scalability to cope with existing and new regulatory requirements, TR Ops is functionally aligned:

  • Submission Control: Monitoring daily submissions and swiftly addressing pre-/post submission errors
  • Enhanced Quality Assurance: Validating the data we have reported is correct using dip-testing and thematic reviews
  • Remediation: A function dedicated to the resolution of reporting breaches, responsible for root cause analysis, requirements definition, testing and implementation
  • Initiatives: Responsible for reviewing regulatory change, new trading activity or products for the potential impact to the bank’s transaction reporting obligations
  • Delegated Reporting: A dedicated client-facing team to support the bank’s delegated reporting service
  • Governance: A centralised risk, control, and governance function
  • TR Ops People Agenda: This is a group of volunteers which comprises of associates from all the above teams who are split into 4 sub-groups: Learning & development, Engagement, Diversity & Inclusion and Mobility & Retention. The objective of these groups is to ensure easy access to resources, provide opportunities to engage outside of BAU activities, create an inclusive environment and to aid job satisfaction. Through these representatives you will have access to various resources to aid your career development and ensure this is a great place to work.

Core Skills:

Project Management & Analytical Tools:

  • Basic project management skills and experience in managing small projects and initiatives
  • Ability to conduct meaningful analysis on large data sets
  • Experience in producing and providing commentary on MI
  • Proficient in MS Office, including Excel and PowerPoint

Team Leader Experience:

  • Proven work experience as a team leader or supervisor.
  • In-depth knowledge of performance metrics.
  • Excellent communication and leadership skills.
  • Organizational and time-management skills.
  •        

Industry Experience:

  • Experience of working in Investment Banking Middle Office, Operations, or other relevant functions
  • Familiarity with key products covered by regulatory reporting obligations (FX, Credit, Rates, Equities, Futures & Options)
  • Experience in managing cross-functional stakeholders at varying levels of seniority

Regulatory Background (Nice to have):

  • Exhibits an understanding of the regulatory trade and transaction reporting landscape
  • Is familiar with key regulations that require transaction reporting

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:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Transactions Reporting Operations – Submission Control

Corporate Title: AVP

Location: Chester

Role Description:

We are currently recruiting for a Transaction Reporting Manager to join our Chester team within the Submission Control function. Our team is primarily focused on ensuring the bank fulfils its reporting obligations daily and remediating any exceptions received from the trade repositories and global regulators.

The successful candidate will have the opportunity to undertake problem solving and project management activities that impact all the firm’s key business lines and products.

The candidate will be responsible for a small team cross-locations who look after EMIR Transaction Reporting. There is the opportunity to work with various business partners cross-region, including Front Office and Technology.

The Team:

Within this team you will have the opportunity to manage your own career through involvement in a variety of projects and initiatives where you will be given full ownership to deliver successful outcomes. We pride ourselves in being highly ranked in the industry for reporting success rate, but we are consistently pushing ourselves to be better, you can be part of that journey.

Transaction Reporting Operations (TR Ops) is responsible for ensuring the completeness, accuracy, and timeliness of the bank’s transaction reporting requirements. Information passed to the regulators is designed to enhance transparency, reduce risk to ensure financial stability and prevent market abuse. The global team, which is based in the UK, US, and India, covers 30+ transaction reporting obligations (e.g. EMIR, MiFID). To help maintain control standards and provide scalability to cope with existing and new regulatory requirements, TR Ops is functionally aligned:

  • Submission Control: Monitoring daily submissions and swiftly addressing pre-/post submission errors
  • Enhanced Quality Assurance: Validating the data we have reported is correct using dip-testing and thematic reviews
  • Remediation: A function dedicated to the resolution of reporting breaches, responsible for root cause analysis, requirements definition, testing and implementation
  • Initiatives: Responsible for reviewing regulatory change, new trading activity or products for the potential impact to the bank’s transaction reporting obligations
  • Delegated Reporting: A dedicated client-facing team to support the bank’s delegated reporting service
  • Governance: A centralised risk, control, and governance function
  • TR Ops People Agenda: This is a group of volunteers which comprises of associates from all the above teams who are split into 4 sub-groups: Learning & development, Engagement, Diversity & Inclusion and Mobility & Retention. The objective of these groups is to ensure easy access to resources, provide opportunities to engage outside of BAU activities, create an inclusive environment and to aid job satisfaction. Through these representatives you will have access to various resources to aid your career development and ensure this is a great place to work.

Core Skills:

Project Management & Analytical Tools:

  • Basic project management skills and experience in managing small projects and initiatives
  • Ability to conduct meaningful analysis on large data sets
  • Experience in producing and providing commentary on MI
  • Proficient in MS Office, including Excel and PowerPoint

Team Leader Experience:

  • Proven work experience as a team leader or supervisor.
  • In-depth knowledge of performance metrics.
  • Excellent communication and leadership skills.
  • Organizational and time-management skills.
  •        

Industry Experience:

  • Experience of working in Investment Banking Middle Office, Operations, or other relevant functions
  • Familiarity with key products covered by regulatory reporting obligations (FX, Credit, Rates, Equities, Futures & Options)
  • Experience in managing cross-functional stakeholders at varying levels of seniority

Regulatory Background (Nice to have):

  • Exhibits an understanding of the regulatory trade and transaction reporting landscape
  • Is familiar with key regulations that require transaction reporting

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-21081587

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE