Collateral Operations Analyst — Derivatives Margin & Trade Support

Bank of America; Chester; On-site; GBP 40,000 - 60,000; Full time

Benefits offered by this job

Private healthcare

Competitive pension plan

20 days of backup childcare

Flexible benefits

Emotional wellbeing helpline

Access to arts & culture membership

Job summary

A leading global financial institution is seeking a Collateral Operations Analyst in Chester. This role is essential for mitigating counterparty risk in OTC derivative trades. Key responsibilities include monitoring daily margin, collateral allocation, and supporting traders in executing derivatives. The ideal candidate should have a college degree, a basic understanding of financial markets, and strong attention to detail. The position offers comprehensive benefits aimed at supporting employee wellbeing.

Responsibilities

• Interact with various groups within the bank like Operations and Treasury.
• Determine collateral allocation and deliver securities.
• Send and receive cash collateral via wire transfer.
• Support traders in executing and marketing derivatives.
• Monitor credit exposure on derivatives.
• Negotiate collateral agreements and maintain documentation.
• Investigate margin discrepancies and identify efficiency improvements.

Skills

Basic understanding of financial markets and derivative products

Basic understanding of ISDA, IFEMA, PSA documentation

Detail-oriented

Basic Excel skills

Ability to meet deadlines

Ability to handle high-pressure situations

Education

College degree or related experience

Job description

A leading global financial institution is seeking a Collateral Operations Analyst in Chester. This role is essential for mitigating counterparty risk in OTC derivative trades. Key responsibilities include monitoring daily margin, collateral allocation, and supporting traders in executing derivatives. The ideal candidate should have a college degree, a basic understanding of financial markets, and strong attention to detail. The position offers comprehensive benefits aimed at supporting employee wellbeing.