Derivatives Confirmations Analyst

Job Description:

Job Title: Derivatives Confirmations 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:

Are you analytical? Do you like working in a team and building strong relationships? Do you have a curious mind? If so, you would fit right into the OTC Derivatives Confirmations team.

We focus on timely issuance and execution of trade confirmations across Fixed Income and Equity products for the Global Markets business. The team will need to liaise with Trading/Sales, Legal and other operational teams as well as external clients and understand the flow of trade confirmations from trade booking to drafting the document to chasing our counterparties for execution of the confirmations. The team will be required to ensure adherence to regulatory and internal risk targets.

This is an excellent opportunity for a highly motivated individual to be part of a function that has focus from senior Business and Operations management. You will be able to apply critical thinking and a driven mindset to ensure that confirmations are drafted and executed in a timely fashion. This role offers a high level of visibility as you will work with a number of other internal teams to provide seamless delivery and support to a range of stakeholders. This is a newly team established in EMEA to provide specialist support as part of our global confirmations function - we have a presence in Charlotte, Singapore, Gurguram and Hyderabad.

Responsibilities Include:

• Ensuring timely and accurate drafting of Equity Derivatives confirmations to our Global Markets clients.
• Liaising with internal stakeholders to resolve confirmations queries.
• Coordinating with global teams on escalation to ensure BofA risk is mitigated.
• Active involvement with our Change team to drive forward process enhancement initiatives.
• Active involvement with our Technology and support teams in response to incidents.
• Production and review of daily KRIs and KPIs.
• Driving performance improvements in risk and performance metrics
• Effective assessment and interpretation of industry led changes that will impact the Confirmations process.                                        
• Liaison with our risk and compliance partners
• Challenging the team’s processes and generating ideas to improve how we do things

What we are looking for:

• Analytical skills including data reconciliation and interpretation
• Logical approach to problem solving and a hunger for process improvement
• Excellent attention to detail and accuracy
• Good sense of judgement, knows when to escalate and how to manage senior management expectations
• Thrives in a team-based environment working toward common goals, while having fun along the way

Additional Skills:

• Excellent organizational skills - ability to switch between tasks and to prioritize work effectively 
• Excellent communication skills - ability to run effective meetings and engage knowledgably and confidently with different stakeholders across the organization, building strong relationships with both internal and external clients

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 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.