Vice President Leverage Finance Capital Markets jobs at Bank Of America in United Kingdom, London

Responsibilities:

• You will be assisting the Cross Assets Strats team as part of the Strategic Risk and PnL project to re-factor and redesign our market model code.

• This project seeks to explain the risk and PnL of the Global Markets business in a strategic fashion

• Working as part of a team of 8 people, you will be writing and debugging code in Python, running within Quartz, the in-house bank platform.

• On-going learning about and debugging existing market model code used for calculating risk and PnL, simplifying and optimizing it to perform more efficiently.

• Programming ability is most highly prized. Financial knowledge is desirable but not strictly necessary, provided there is a willingness to learn.

What we are looking for:

• You are passionate about programming and are comfortable with a variety of programming languages and paradigms

• You have previously written a scripting language, or at least know how you might go about it

• You appreciate functional programming concepts and writing algorithms in a functional style

• You have good mathematical abilities and want to learn more about using mathematical techniques to analyse data

• You have financial and quantitative knowledge, and would like to learn more

Key Requirements

• Proficient in Python, C++, Java, Lisp or other

• Excellent analytical skills

• Good communication skills

• Bachelors or master’s degree in computer science, Mathematics, Finance or related field

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• 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.

• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• 20 days of back-up childcare including access to school holiday clubs 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, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

• Access to an Employee Assistance Program for confidential support and help for everyday matters.

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Global Markets Risk Executive

Managing Director

Role Overview:

Responsibilities:

• Implements the new/complex product approval process and limits approval authority and reporting of market risk.

• Oversees identification of market risk exposures and mitigation strategies and resolution in accordance with the bank's risk appetite and limits identified, as well as regulatory requirements, as applicable.

• Oversees risk requests, breach remediations, and provides risk effective challenges for the Front-Line units.

• Provides insight into the development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for the specific products.

• Understands market trends and their impact on portfolio, using knowledge of stress testing and its applicability to market risk.

• Ensures adherence to the policies and procedures established by the Firm.

What we are looking for:

• Previous experience as a Senior Market Risk Manager/Lead working directly with the Front Line and performing risk analysis is desirable.

• Ability to build strong relationships with the Front Line while maintaining independence, including handling disputes, negotiating with traders, and ability to uphold risk frameworks.

• Good understanding of macroeconomic and political developments and their impact on financial markets, and interdependencies between asset classes, especially how these change during a market crisis.

• Ability to multitask in a dynamic environment.

• Strong communication skills including impeccable writing skills for external documentation.

• Solid academic background, which may include a postgraduate qualification.

• Excellent analytical skills and knowledge of FICC products, markets, and risk management.

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 access to school holiday clubs 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.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Product Controller - Equities

Assistant Vice President

Responsibilities:

• Day-to-day P&L, Balance Sheet and Valuation control responsibilities within the EMEA Global Financing & Futures (GFF) BFC team in London

• Identify and investigate valuation discrepancies and liaise with Front Line Units (FLUs), Risk, Operations and other finance teams to resolve issues.

• Analyse drivers of P&L and balance sheet movements, providing commentary and insight for management

• Engagement with the Accounting Policy Group to implement appropriate accounting policies and procedures.

• Ensure adherence to accounting policies relating to repos, including sale and repurchase accounting, as well as compliance with FIN41 and IFRS netting guidance for financial instruments.

• Working with the GVG group to ensure ongoing review & enhancement of valuation control methodologies and practices. Ensuring procedure documents are accurate and up to date.

• Assist in the streamlining and enhancement of all GFF BFC processes and becoming activelyinvolvedwith system development ranging from technical enhancements and new product releases to automation of existing processes.

• Contribute to governance processes, operational error reporting and support of other internal control process, including SOX.

• Contribute to audit engagements, addressing queries on valuation, accounting treatment, and finance controls.

• Provide finance leadership on new product approvals, system implementations, and accounting policy changes affecting repo activity.

What we are looking for:

• Preferably Qualified Accountant (ACA, ACCA, CIMA or equivalent) or CFA with good working knowledge of accounting concepts.

• Applies Financial Accounting & Reporting Expertise

• Applies Financial Analysis and Reasoning Skills

• Demonstrates Accounting Knowledge

• Demonstrates Financial Acumen

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• 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.

• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• 20 days of back-up childcare including access to school holiday clubs 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, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

• Access to an Employee Assistance Program for confidential support and help for everyday matters.

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Title:Credit Risk Officer

Job Description

GCIB Credit is responsible for analysing and delivering credit underwriting debt financing solutions and derivative strategies for medium and large corporate clients of GCIB & Global Markets (GM). GCIB includes corporate banking and investment banking and GM includes sales & trading. The group provides services to middle-market and large corporations, government entities and institutional investors. Services including mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Responsibilities

• Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
• Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk
• Structuring transactions, underwriting and negotiating credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.
• Ensuring granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.
• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.
• Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external Regulators.
• Develop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value added solutions balancing risk.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Participate in strategic projects to support business goals.
• Providing provide appropriate coaching and development to junior teammates.

What we are looking for

• Credit risk experience at a major international financial institution, analysing, assessing companies and knowledge of EMEA and specific industry sectors, structuring transactions and documentation.
• Knowledge of analysing and assessing mid-market corporates, including understanding market practices on structuring and documentation for such mid-market corporates, across different industry sectors
• Effective credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
• BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.
• Sound product/technical, documentation and process knowledge across lending, trade finance and derivative (FX, rates, commodities and equities) products.
• Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.
• Commercial mindset to support value added discussions with effective interpersonal and written and verbal communication skills, and attention to detail and accuracy.
• Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company specific financial models in Excel.
• Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and proactively manage credit risks.
• Fluency in English required. Additionally, another European language skills will be considered highly beneficial.

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 access to school holiday clubs 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.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Global Markets Credit ("GMC") is responsible for ensuring robust and consistent credit underwriting for Global Markets lending activities, which includes financing facilities secured by a range of financial and physical assets. Within GMC, the team member will assist with the credit underwriting and ongoing portfolio management functions for the EMEA asset backed securitization finance ("ABSF") portfolio. The ABSF portfolio is comprised of warehouse and term loan positions with associated derivative trading lines secured by a variety of consumer and commercial assets including auto loans and leases, credit card receivables, equipment loans and leases, residential mortgages.

Responsibilities

• Key responsibilities will include participation in transaction screening, term negotiation, due diligence of seller/servicers including reviewing their underwriting and servicing capabilities, and credit approval process.
• The team member will review and potentially question all elements of transactions including structure, collateral, and cashflow stress analysis.
• Post-close, you will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for amendment/waiver/renewal/extension activity.
• The team member will assist in the preparation and review of credit approval memos.
• The role will also assist with periodic reporting requirements, policy and procedure updates, risk rating scorecard maintenance, regulatory inquiries, limit requests, and other ad hoc projects.

What we are looking for

• Bachelor's degree required; Finance, Accounting, or Economics majors preferred with excellent academic credentials.
• Prior experience in financial services. Relevant prior experience may include roles in: credit risk management, credit underwriting, structuring, loan origination, or public rating agencies
• Familiarity with securitization structures and an understanding of macroeconomic drivers
• You will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives.
• Excellent analytical skills, personal drive, initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Highly organized with excellent oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
• You should have excellent team collaboration skills, willing to support more junior members of the team as required.
• Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
• High level of attention to detail

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 access to school holiday clubs 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.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Headquartered in Toronto, Canada, with more than 85,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD offers a full range of financial products and services more than 25 million customers worldwide through three key business lines:
• Canadian Retail including TD Canada Trust, Business Banking, TD Auto Finance (Canada), TD Wealth (Canada), TD Direct Investing and TD Insurance
• U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in TD Ameritrade
• Wholesale Banking including TD Securities

Department Overview

Job Description

The successful candidate will engage global clients in the Over-The-Counter (OTC) derivatives space to ensure regulatory compliance. The role requires the analysis and review of bank and client regulatory and legal trading documentation on a daily basis. The role will involve leading new regulatory strategic initiatives and implementation across clients and the Dealer in the region.

Principal Responsibilities
• Understand the current state of legislation, regulation, and guidance with respect to OTC derivative transactions globally including Canada, the US, the EU, the UK, Singapore. This candidate will be responsible for regulations in the region.
• Communicate OTC derivative regulatory requirements to clients and their legal representatives in a business-friendly manner in order to finalize regulatory documentation;
• Prepare and thoroughly review the necessary legal documentation requirements and disclosures to ensure the Dealer's regulatory obligations are met;
• Work with the trading desks to understand client needs and prioritize high value relationships;
• Ensure support is provided to trading desks in a timely manner across several time zones including UK, North America, Europe, and Asia;
• Explain the necessity and significance of OTC derivative regulations to internal and external stakeholders
• Develop a solid understanding of the Bank’s requirements in areas of global regulatory framework, credit and documentation;
• Review and analysis of new regulations impacting the Dealer, participate in working group for new strategic initiatives in regulatory documentation
• Review and analyze the Dealer's new and existing client base to ensure regulatory compliance on a day to day basis;
• Utilize technology to track and monitor workflow and updating databases with required information;
• Produce reports and status updates as required;
• Escalate issues proactively and in a timely manner;
• Be a reliable source of reference to internal business partners;

Job Requirements
• Law degree required
• Solid legal, trading documentation, capital markets experience or related experience.
• Understanding of Dodd-Frank, EMIR/UK EMIR and Canadian regulations in derivatives area and the global regulatory environment.
• The candidate for this position will enjoy working on documentation, be able to effectively apply legal and sound regulatory risk management principles.
• Excellent written and verbal communication skills.
• Self-motivated with the ability to work independently while understanding when to involve other team members as needed and to work effectively in a team environment.
• High degree of integrity and strong work ethic. Timely follow through on commitments. Promote best practices within department and execute assigned duties and enhance control over procedures.
• The candidate has the ability to work under tight deadlines and has the flexibility to support global time zones as required.

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Required Skills

This role is for the Global Markets coverage area and we expect that candidates have either audited a Sales and Trading function or acquired experience in a first or have experience from a second line function associated with Sales and Trading (i.e.: sales, trading, market risk management, product control or GM specific compliance) and have skills that could be transferrable to auditing (project management, external audit experience, risk and control focus role) if they have no prior audit experience.

Within the GM area this role is to fill a gap relating to our coverage of GM supervision and trade surveillance. As such we’d want candidates who are familiar with the concept of market conduct risk and with the types of market abuse that are associated with delinquent sales and trading behaviour. Experience of remediation or auditing one of the many FX Consent Orders that financial services firms have had to manage would be an advantage.

• Strong experience in Audit, Risk, Business Control, Compliance, Finance, or other relevant experience
• Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.
• Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives.
• Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility and intellectual curiosity.
• Strong analytical skills. Ability to analyze large amounts of data and turn it into usable information.
• Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns.
• Ability to juggle multiple work efforts and to quickly change direction, as needed.
• Excellent written and oral communication skills, ability to converse with management on all levels.
• Bachelor’s degree or relevant experience
• Has knowledge of financial instruments and financial risk management principles, including exposure to Global Markets products

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 access to school holiday clubs 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.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.