Bank Of America Trading Assistant Linear Rates 

United Kingdom, England, London 

924091906

This role is responsible for maintaining already developed trade control processes, such as trade booking, trade validation, and ongoing trade maintenance and reporting. Key responsibilities include reconciliation of trades between front office risk systems and back office sub ledgers, assisting the front office with trade bookings for a number of derivative products in multiple risk systems. Job expectations include delivering support for new products and initiatives, providing, analysis and Key Performance Indicator/Monetary Instrument Sales reporting.

Responsibilities:

• Supports sales and trading desks

• Assists the front office with trade booking and ensures trades are captured accurately between front office risk systems and back office ledgers

• Develops cross-asset product knowledge by utilizing knowledge of financial instruments accounting

• Partners with existing teams globally to achieve the best in class controls and practices in trade support

• Negotiates delicate decision points around client on-boarding choices

• Performs a liaison function between originators, traders, stakeholders and support partners

• Advises Front Office (FO) teams of position adjustments and/or discrepancies

• Monitors and processes time sensitive requests relating to trade bookings, settlement issues and/or downstream feeds

• Resolves Risk and Profit &Loss (P&L) issues working closely with FO and Risk in a timely manner

• Resolves client issues – working with sales and client management teams

• Collaborates with TA team members and other stakeholders including traders, COO, trade control, counterparties, operations, finance, and compliance

• Fosters relationships across senior business leads and support partners

• Participates in various initiatives across both the business and operations with focus on operational efficiency projects

What we are looking for:

• Attention to Detail

• Client Management

• Data Quality Management

• Recording/Organizing Information

• Trade Monitoring

• Account Management

• Financial Management

• Quality Assurance

• Relationship Building

• Sales Performance Management

• Prior experience in a Trading Assistant role or other Front Office facing role

• Trade Operations Management

• Familiarity with trade capture, operational processing

• Knowledge of documentation and other requirements (regulatory, credit, AML, static data needs) for trading FICC products

• Proficiency in MS Excel, Bloomberg and other standard industry platforms

• Excellent communication skills and confidence interacting with stakeholders

• Inquisitive and analytical mindset

• Multitasking and resilience to operate successfully in a fast-paced environment

• Ability to thrive in a dynamic and team-oriented culture

Skills that will help:

• Experience of Interest Rate / Fixed Income products is preferred

• Knowledge of current regulatory landscape (SFTR, MiFiD2, EMIR)

• Take personal responsibility for delivering high quality work

• Track record of outperformance and delivery

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.