Derivatives Confirmations – Issuing & Negotiation

Bank of America; Chester; On-site; GBP 30,000 - 60,000

Job description

Job Description:

Job Title: Derivatives Confirmations – Issuing & Negotiation

Corporate Title: Officer

Location: Chester

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!

Role Description:

The role is responsible for the timely issuance and execution of trade confirmations across Fixed Income and Equity products for the Global Markets business. The team will need to liaise with Trading/Sales, Legal and other operational teams as well as external clients and understand the flow of trade confirmations from trade booking to drafting the document to chasing our counterparties for execution of the confirmations. This role offers a high level of visibility as you will work with a number of other internal teams to provide seamless delivery and support to a range of stakeholders.

Responsibilities:

• Identifies and flags potential risks in a timely manner.
• Ensure timely and accurate drafting of confirmations to our Global Markets clients.
• Resolve complex legal language discrepancies on Equity confirmation within a timely manner.
• Challenge the team’s processes and generate ideas to improve how we do things.
• Active involvement with our Change and Technology partners to drive forward process enhancements.
• Ability to adapt quickly to changes in the market, regulatory and internal business environment.
• Capture RCA (Root Cause Analysis) data to identify process enhancements and/or improved controls.
• Communicate effectively with internal and external partners to build productive working relationships and find long term solutions to recurring issues.

What we are looking for:

• Analytical skills including data reconciliation and interpretation.
• Excellent organizational skills - ability to switch between tasks and to prioritize work effectively.
• Excellent communication skills - ability to run effective meetings and engage knowledgeably and confidently with different stakeholders across the organization, building relationships with both internal and external clients.
• Logical approach to problem solving and a hunger for process improvement.
• Excellent attention to detail and accuracy.
• Good sense of judgement, knows when to escalate and how to manage senior management expectations.

Benefits of working at Bank of America:

• 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 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 dependants, 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.