Trading Assistant Commodities

Job Description:

Job Title: Trading Assistant Commodities

Corporate Title: up to Vice President

Location: London

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Role Description:

Our Trading Assistant teams supports our sales and/or trading desks across all asset classes. They are notably responsible for trade capture and resolving trade discrepancies. The team also liaises between trading, trade support, sales, counterparties, counterparty credit, operations, and compliance. This function is also involved in the introduction and User Acceptance Testing (UAT) of new initiatives, systems, and process improvements to increase efficiency and enhance controls. This role requires product knowledge of financial instruments relevant to the area supported and across related asset classes.

As a Trading Assistant, you will have the opportunity to gain valuable experience in the financial markets and contribute to the success of the trading desk. The role will entail direct cooperation with the trading desk as well as key stakeholders inside and outside of the franchise.

Responsibilities:

• Assisting the trading team in trade lifecycle events across the Energy, Index and Metals desks, including confirming transactions, and managing documentation
• Liaising with trading and sales, clients, vendors, and stakeholders to facilitate trade transactions and resolve inquires promptly
• Maintaining accurate and up-to-date trading records, organizing trade-related documents, and generating reports as required
• Supporting trade capture and resolving trade discrepancies. Participates in the introduction and UAT of new initiatives, systems, and process improvements to increase efficiency and enhance controls. Handles ad hoc requests from clients and the desk
• Assisting the trading team with risk investigation and break resolution

What we are looking for:

• Knowledge of commodities products and financial derivative instruments. An understanding of the factors that influence commodity prices and market dynamics

• Familiarity with documentation and other requirements (regulatory, credit, AML, static data needs) for trading commodity products
• Excellent attention to detail is crucial in trade execution, documentation and maintaining accurate records
• Strong sense of urgency with ability to multi-task heavily
• Excellent analytical, quantitative and problem solving skills are required
• Familiarity with trade capture, client onboarding, and credit risk systems a plus
• Educated to degree level (or equivalent experience)

Skills that will help (Optional):

• Prior trading floor or operations experience
• Be a “doer” as well as a “thinker” and demonstrate an ability to drive projects / tasks to completion
• Self-starter with outstanding problem-solving skills. Excels at ‘getting things done’ with minimal direction.
• Strong operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data
• Be enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
• Take personal responsibility for delivering high quality work and have a track record of outperformance and delivery
• Be able to design and produce insightful regular reports and drive continuous improvement in these reports
• Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently
• Ability to grow and develop into a trading role

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.