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FDCO Trade Control Regulatory Reporting

Chester, , United Kingdom

Job Description:

Job Title: FDCO Trade Control Regulatory Reporting

Corporate Title: Officer

Location: Chester

Role Description:

  • Understanding full reporting and control infrastructure and requirements for covered reports
  • Monitoring control processes for these reports
  • Provide metrics on performance of these processes
  • Taking action on any issues identified, both to escalate and resolve, in conjunction with technology and other partners
  • Working to respond to regulatory queries
  • Preparing for and participating in audit reviews
  • Constant process review to look improvement either to drive efficiency or increase control

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. The role sits within the Horizontal Services team in FDCO Trade Control which covers several centralised processed and has daily oversight responsibilities of several reporting obligations for Bank of America including MIFID II PTT - live trade reporting to designated regulators and Volcker reporting (responsibility for monthly transaction volume reports). This role supports regulatory reporting both from an ongoing daily control perspective but also from the perspective of evolving regulations and process, providing opportunity to be be a part of and even drive change.

Core Skills:

  • Knowledge of these reports or regulatory processes a benefit
  • Data analysis skills (excel or other tools such as Alteryx)
  • Self-motivated and deadline focussed

Other Qualifications

  • Strives to bring new thoughts and ideas to teams 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 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:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: FDCO Trade Control Regulatory Reporting

Corporate Title: Officer

Location: Chester

Role Description:

  • Understanding full reporting and control infrastructure and requirements for covered reports
  • Monitoring control processes for these reports
  • Provide metrics on performance of these processes
  • Taking action on any issues identified, both to escalate and resolve, in conjunction with technology and other partners
  • Working to respond to regulatory queries
  • Preparing for and participating in audit reviews
  • Constant process review to look improvement either to drive efficiency or increase control

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. The role sits within the Horizontal Services team in FDCO Trade Control which covers several centralised processed and has daily oversight responsibilities of several reporting obligations for Bank of America including MIFID II PTT - live trade reporting to designated regulators and Volcker reporting (responsibility for monthly transaction volume reports). This role supports regulatory reporting both from an ongoing daily control perspective but also from the perspective of evolving regulations and process, providing opportunity to be be a part of and even drive change.

Core Skills:

  • Knowledge of these reports or regulatory processes a benefit
  • Data analysis skills (excel or other tools such as Alteryx)
  • Self-motivated and deadline focussed

Other Qualifications

  • Strives to bring new thoughts and ideas to teams 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 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-22088777

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE