Bank Of America Fixed Income Trade Control Associate - Credit Derivatives 

United Kingdom, England, Chester 

355335503

Role Description:

Operations is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing risk management procedures to ensure the firm and our clients are properly protected. Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.

Responsibilities:

You will work closely with the Trading Desk to support the business and perform Trade Control Responsibilities such as –

• Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications

• Provide support to assigned trading desks – Support the Trading desk across all Trade Control related functions in a timely and accurate manner

• Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments as required

• Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)

• Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)

• Resolve Risk and P&L issues - Work closely with Front Office, Risk and Finance to resolve issues in a timely manner

• Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.

• Credit Default Event - Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully.

• Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.

• Build and maintain relationships across senior business leads and support partners

• Involvement in ad hoc projects for new processes

What we are looking for:

• Proficient in MS Office – specifically Excel
• Extensive number of years of line work experience
• Excellent ability to work in a team and with a wide user group across multiple functions
• Good attention to detail and drive to ensure necessary work is completed to a high standard
• Ability to work in a high-pressure environment across both BAU and improvement/growth
• Excellent interpersonal and communication (verbal & written) skills
• Ability to work diligently, independently and prioritize multiple demands
• University degree educated preferable

Skills that will help:

• Experience in working with fixed income derivatives and securities – working knowledge of bonds/CDS is an advantage
• Understanding of the regulatory environment, legal entity strategy and the importance of robust internal process
• Inquisitive and possesses analytical & problem-solving skills
• Partner with team, business and technology partners to embrace change and accomplish goals
• Extensive knowledge of general business and corporate cultures
• We are looking for someone how strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in delivering varied viewpoints to determine the best path forward
• Experience in connecting with multiple set of clients to understand future business needs – is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

• 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.