Commodity Operations Team leader

Job Description:

Job Title: EMEA Commodities Operations Team Leader

Corporate Title:  Assistant Vice President

Location:  Chester

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Role Description:

The Currency, Commodities & Derivative Operations (CCDO) team perform end to end trade control, confirmation and settlements processes across CCDO businesses and provides utility Over the Counter (OTC) derivative confirmation and settlement services for non Fixed Income Clearing Corporation (FICC) businesses.

An interesting opportunity has arisen within the EMEA Commodities Settlement Team, based in Chester. The role involves being the point of contact for EMEA based clients for commodity settlements. The successful candidate will offer a premium service and become a subject matter expert, to address and resolve any issues or queries whilst managing the wider relationships between our external and internal Bank of America Clients and third party providers.

Responsibilities:

• You will be Responsible for the settlement of physical precious metals and financial derivative trades for all indexes.
• You will analyse accounts receivable and payable ageing, working with counterparties, sales, traders, third parties and the confirmation team.
• You will maintain internal control processes and procedures within an operational awareness and risk culture environment.
• You will undertake industry regulatory reporting tasks
• You will fully understand the front to back trade cycle process and add value by challenging the current “status quo” through idea generation and the potential implementation of process improvements.
• You will have involvement in projects and ad-hoc testing.
• You will build and nurture relationships with applicable parties to include internal/external clients and third party service providers.
• You will act as point of contact in manager’s absence, for department leads and other senior managers.

What we are looking for:

• You will have a proven track record of process improvement and risk culture in previous roles
• You will have previous experience managing stakeholders of all levels
• You will have analytical skills and excellent attention to detail and accuracy
• You will have effective communication skills; running meetings and engaging with stakeholders of all levels

Skills that will help (optional):

• Being competent with MS Office products: Word, Excel, PowerPoint and Outlook will be an advantage in this role
• Any previous experience of leading small teams will be a bonus
• You will have excellent organizational skills - switching between tasks and prioritising work effectively

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

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.