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Derivatives Support Analyst

Chester, , United Kingdom

Job Description:

Job Title: Derivatives Support Analyst   

Corporate Title: Officer

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: Chester

Be part of something special at Bank of America Chester. Part of a leading global financial institution, we are looking for high potential individuals to join us in driving our people forward. Bank of America Chester is an exciting, diverse workplace where we are committed to delivering a great client experience to the businesses and individuals who call Chester home. Join our team today and find a rewarding, global career.

Role Description:

A role exists for a highly motivated, dedicated professional within the Bank of America Exchange Traded Derivatives team. The role is specifically for a Markets Support Analyst within the EMEA group in Chester, UK. This role will support Regional Market coverage between the hours of 11am and 7pm with one shift of 4pm until midnight once in every 3 Fridays.

The Global team are responsible for trade clearing and position management of activity on 35 Clearing Houses covering 83 Exchanges for a broad range of clients. The operation comprises of Clearing, Deliveries, Reconciliations, Regulatory and Clearing Strategy teams. This structure is replicated regionally in Chicago and Singapore, partnering closely with our Global Business Service teams based out of Hyderabad and Gurgaon.

Responsibilities Include:

  • You will support clearing and Trade processing activities.
  • You will respond to exceptions raised by Internal stakeholders.
  • You will process exchanges via vendor middleware tools and exchange interfaces.
  • You will be involved in exception handling, static data maintenance and management of trade lifecycle events including position transfer processing and open interest management.
  • You will facilitate the physical delivery of Fixed Income, Equity and Commodity products.
  • You will support ongoing upgrades and testing driven by Exchange, Regulatory or strategically mandated change agenda.

What we are looking for:

  • You will ideally have experience of working within an Operational role supporting a Global Markets business.
  • You will identify and implement solutions for process improvement.
  • You will have knowledge of the FIS suite of products (e.g., GMI, FIS Trade Clear) beneficial.

Additional Skills:

  • Excellent communication and the ability to manage relationships with peers and senior management.
  • Futures and Options knowledge is an advantage.
  • Microsoft Excel, Word, Outlook, and PowerPoint.
  • Understand and adapt to regulatory and industry change (EMIR, Client Assets, MiFID working knowledge)

Benefits of working at Bank of America

  • 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 because of a disability or health reasons
  • 20 days of back-up childcare including virtual tutoring and 20 days of adult-care per annum
  • 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, specified illness cover etc
  • Use of a flex fund to use towards benefits
  • Access to free counselling through an Employee Assistance Programme and virtual GP services
  • Opportunity to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to join 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.

Learn more about this role

Full time


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