Collateral Operations Analyst – Markets Support

Bank of America; Chester; On-site; GBP 32,000 - 42,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Maternity/paternity leave

Flexible benefits

Wellbeing programs

Job summary

Bank of America Chester is seeking a Collateral Operations Analyst to join the unit that mitigates counterparty risk on OTC derivative trades. You will monitor daily margin for customers across rates, commodity, structured credit, equity, and foreign exchange products.

The role requires a basic understanding of financial markets and derivatives, as well as documentation (ISDA, IFEMA, PSA), a college degree or related experience, and solid Excel skills.

Qualifications

• Basic understanding of financial markets and derivative products.
• Basic understanding of financial markets documentation (ISDA, IFEMA, PSA).
• College degree or related experience.
• Detail oriented with ability to recognize unusual flows/triggers for collateral in agreements and new trade structures.
• Open communication between team members for new issues or problems.
• Basic Excel skills.
• Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks.

Responsibilities

• Interact with a variety of different groups within the bank.
• Back Office/Middle office Operation.
• Corporate Treasury/Global Securities Operations – Determines collateral allocation and delivery of securities.
• Cash/Wire Transfer – Send/receive cash collateral.
• Marketers/Traders – Trade and market derivatives with Financial Institutions and Corporate Customers.
• Credit – Monitors credit exposure on derivatives.
• Capital Markets Documentation – Negotiates the collateral agreements.
• Investigate mark discrepancies, maintain current procedure manuals, and look for methods of improving efficiency.

Skills

Financial markets knowledge

Derivatives understanding

Excel (basic)

Education

College degree or related experience

Job description

Bank of America Chester is seeking a Collateral Operations Analyst to join the unit that mitigates counterparty risk on OTC derivative trades. You will monitor daily margin for customers across rates, commodity, structured credit, equity, and foreign exchange products.

The role requires a basic understanding of financial markets and derivatives, as well as documentation (ISDA, IFEMA, PSA), a college degree or related experience, and solid Excel skills.