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Trade Control Analyst

Chester, GB

Job Description:

Job Title: Trade Control Analyst

Corporate Title: Officer

Location: Chester

The Rates Trade Control Team is seeking a Trade Control Analyst to become a key member of our team! 

This Trade Control role supports the Global Rates business and will require a good understanding of Rates products including Interest Rate Swaps, Basis Swaps, Overnight Index Swaps, Options, FRA’s, Caps, Floors, and Cross Currency Swaps (training will be provided but we expect a basic knowledge coming into the role and for the interview).

Our role is focused on supporting the trading desks, and being responsible for the entire lifecycle of these trades, including trade validation/ reconciliation, trade amendments, regulatory & management reporting and issue resolution. We are continuously looking to improve our processes to provide the best control/support to key stakeholders and trading desks.

The ideal candidate would have a keen interest to learn new products, and thrive working in a fast-paced and rapidly evolving environment.

Responsibilities will include working closely with the Trading Desk, and performing functions such as:

  • Trade Validation – reconciling trades to ensure trades are booked accurately in the system.
  • Performing trade amendments to correct booking errors.
  • Investigating and resolving breaks – Working closely with Sales, Trading and Operations to resolve breaks.
  • Production of daily reports – Distributing daily reports to the trading desk, business partners and senior management.
  • Trade Compression events - Managing trade unwind events such as TriOptima, working with Front Office and Finance to execute successfully.
  • Working with different teams (including Trading /Sales, Client, Operations, Finance) to resolved issues through problem solving skills, and good knowledge of process and system flows.
  • Adhoc Projects involving building requirements, stakeholder engagement, testing and implementation.
  • Process Improvements – generating ideas for how to improve efficiency and control, and seeing them through to implementation.

Key Skills for Trade Control:

  • High attention to detail
  • Keen desire for learning
  • Intellectual curiosity
  • Delivering excellence in an environment with obstacles
  • Managing risk 
  • Taking appropriate ownership for projects/tasks/issues 
  • Escalates appropriately and proactively, with appropriate investigation and proposes solutions 
  • Exercising good judgement.  Making the right decisions based on all of the facts.
  • Demonstrating courage of convictions and influencing others.

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 opportunity 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:

0

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Trade Control Analyst

Corporate Title: Officer

Location: Chester

The Rates Trade Control Team is seeking a Trade Control Analyst to become a key member of our team! 

This Trade Control role supports the Global Rates business and will require a good understanding of Rates products including Interest Rate Swaps, Basis Swaps, Overnight Index Swaps, Options, FRA’s, Caps, Floors, and Cross Currency Swaps (training will be provided but we expect a basic knowledge coming into the role and for the interview).

Our role is focused on supporting the trading desks, and being responsible for the entire lifecycle of these trades, including trade validation/ reconciliation, trade amendments, regulatory & management reporting and issue resolution. We are continuously looking to improve our processes to provide the best control/support to key stakeholders and trading desks.

The ideal candidate would have a keen interest to learn new products, and thrive working in a fast-paced and rapidly evolving environment.

Responsibilities will include working closely with the Trading Desk, and performing functions such as:

  • Trade Validation – reconciling trades to ensure trades are booked accurately in the system.
  • Performing trade amendments to correct booking errors.
  • Investigating and resolving breaks – Working closely with Sales, Trading and Operations to resolve breaks.
  • Production of daily reports – Distributing daily reports to the trading desk, business partners and senior management.
  • Trade Compression events - Managing trade unwind events such as TriOptima, working with Front Office and Finance to execute successfully.
  • Working with different teams (including Trading /Sales, Client, Operations, Finance) to resolved issues through problem solving skills, and good knowledge of process and system flows.
  • Adhoc Projects involving building requirements, stakeholder engagement, testing and implementation.
  • Process Improvements – generating ideas for how to improve efficiency and control, and seeing them through to implementation.

Key Skills for Trade Control:

  • High attention to detail
  • Keen desire for learning
  • Intellectual curiosity
  • Delivering excellence in an environment with obstacles
  • Managing risk 
  • Taking appropriate ownership for projects/tasks/issues 
  • Escalates appropriately and proactively, with appropriate investigation and proposes solutions 
  • Exercising good judgement.  Making the right decisions based on all of the facts.
  • Demonstrating courage of convictions and influencing others.

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 opportunity 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-22040712

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Thomas Stevens

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE