Fixed Income Specialist – Market Operations

Job Description:

Job Title: Fixed Income Specialist – Market Operations

Corporate Title: AVP

Location: Dublin

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: Dublin

Find us at our Central Park office, Leopardstown, where you will find our state-of-the-art facilities based in Dublin’s premium business park. With an onsite gym, staff restaurant and coffee shop, all your daily needs are conveniently catered for. There are also a range of travel options available to staff, including the LUAS network and the Central Park shuttle service between Dublin City Centre and Central Park, which means getting to work has never been so easy.

Job Description:

EMEA Fixed Income Operations provide support for fixed income and securities trading partners for all post-trade operations and are responsible for post-trade activities within Global Markets Operations and provide cross-functional support to Global Markets Lines of Business including, Repo, Rates, Credit, Mortgages, Frontier Markets businesses. The department offers operational support and expertise to Sales and Trading Desks as a team of specialists responsible for the implementation of client trade allocations, exception management, breaks reconciliation, clearing and settlement, and platinum client service. Associates engage with external clients, providing dedicated support for Platinum clients, acting as primary operations point of contact for client queries, escalations, and facilitation of settlement. FICC Operations are key contributors to strategic change, regulatory change and technology change. Department associates enjoy a robust portfolio of markets settlements, client service, front office exposure, and initiatives delivery. 

As a senior member of the team, you will be a secondary escalation point across EMEA FICC Operations.  You will provide support to regional associates, encouraging inclusion and engagement and drive the identification and implementation of continuous process improvement, strategic change, and risk remediation opportunities. Business support and engagement is a critical part of this role, and you will enjoy regular interaction with front office partners, gaining exposure to markets rules, business strategy, and the diverse range of fixed income products.
 

Responsibilities:

• Work closely with trading, sales and clients, technology & settlement teams globally to optimise settlement rates reduce fails/ breaks
• Identification and implementation of process improvements, working independently or partnership with technology for delivery
• Input into and support of strategic work, regulatory change and supporting projects that impact the team. Responsible for program requirements, test scripts, UAT, and go live monitoring
• Ensure the allocation & settlement of securities for global markets, taking the necessary action to eliminate market risk

What we are looking for:

• Demonstration of risk awareness & control mindset
• Escalation of potential risk, understanding of key controls to monitor risk
• Verbal and written communication skill
• Attention to detail
• Demonstration of teamwork ethos, partnership intra- team and across org
• Data Collection & Entry

Skills that will help:

• Excellent organisational and prioritisation skills
• Decision Making
• Strategic Thinking
• Negotiation

Benefits of working at Bank of America
Ireland

• 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 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 dependents, 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.