Head of EMEA ETD Deliveries

Job Description:

Job Title: Exchange Traded Derivatives Deliveries

Corporate Title: VP

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:

An exciting opportunity exists for a highly motivated, industry established, senior professional who is looking to further expand an already successful career in the field of Investment Banking Operations/Exchange Traded Derivatives (ETD) Operations.

The department has a Global Markets Operation which comprises of, Clearing, Deliveries (Lifecycle events), Reconciliation, Regulatory / Exchange Process Control, Static Data and Strategy.

This function is replicated regionally in Singapore / India and Chicago with our Global Teams processing trading activity on 83 Exchanges, 35 Clearing Houses across 15 legal entities globally either directly or via Third Party Brokers.  

Responsibilities Include:

• Managing all lifecycle events for EMEA markets supporting a Global client base and encompassing Equity, Fixed Income and Commodity products for both cash settled and physically deliverable products.
• Responsible for managing the integrity of BAU controls across EMEA Exchanges cleared & processed by the operation.
• Liaison with impacted parties and stakeholders including, Front office trading business (Sales, Trading and Agency), Finance (Balance Sheet Substantiation), Client Money, Transaction Reporting, Onboarding / Client Service / Collateral and Exchanges and Industry Forums
• Continuous Improvement / Vision Setting of the Operating Environment with regards to our core lifecycle management functions in region (Leadership Influence & Development of Simply, Improve and Modernize (SIM) initiatives, Ongoing product /service offerings, Location Strategy, and follow-the-sun programs).
• Partners Closely with Technology, Operations Strategy & Front Office to drive change inclusive of technology enhancements and evolution of the follow the sun operating model.

What we are looking for:

• Experience in Financial operations with client experience
• Global Markets Operations exposure / thorough knowledge of ETD / OTC Transaction Life Cycle
• Broad influence across functions and organizational levels and the ability to interact effectively with various stakeholders (Traders, Credit, Risk, Audit, Middle Office, Finance, IT).
• Proven track record of achieving results optimizing resources and driving efficiencies.
• Hire, manage and develop staff to ensure excellent performance in current role, succession planning and role rotation.

Additional Skills:

• Leadership background, well versed in team management and influence.
• Understanding of large complex organizations and how to navigate to deliver.
• Problem-solving skills, resilient in finding solutions.
• Excellent communication, effective with subordinates, peers, and senior management
• Experience using FIS / Sungard GMI system, Execution Platforms, Exchange Terminals beneficial.

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 are 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.