EMEA Exchange Traded Derivatives (ETD) Operations - Markets Support Analyst

Bank of America; Chester; On-site; GBP 42,000 - 64,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Flexible benefits

Job summary

Bank of America in Chester is seeking an EMEA ETD Operations - Markets Support Analyst (Officer) to join the Reconciliations team. The role involves supporting clearing, deliveries and regulatory reporting across futures, options and cleared OTC products with exposure to a global exchange network.

The successful candidate will bring strong analytical abilities, detailed orientation, and experience in financial operations, with solid Excel skills and a control mindset. Location: Chester, UK.

Qualifications

• Analytical and problem-solving skills.
• Outstanding attention to detail and ability to work accurately under pressure.
• Written and verbal communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Intermediate to advanced Microsoft Excel skills.
• Demonstrated ownership, accountability and a formidable control mindset.
• Ability to build effective working relationships across teams and regions.
• Experience within an Operations, Middle Office, Finance or Banking environment.
• Futures & Options markets and post-trade processing.
• Exchange and CCP operating models.
• Trade lifecycle knowledge across ETD products.
• Reconciliation and exception management processes.
• Knowledge of FIS GMI and related clearing platforms.
• Experience using exchange or CCP portals and GUIs.
• Exposure to regulatory reporting, operational controls or governance activities.
• Understanding of Client Asset / Client Money regulations (CASS).

Responsibilities

• Reconciliations – Perform and review reconciliations between Bank systems and CCPs. Investigate position, cash and trade discrepancies. Maintain a strong focus on operational risk management and control effectiveness.
• Stakeholder Management – Partner effectively with Front Office, Middle Office, Technology, Finance, Risk and Compliance teams. Engage with exchanges, CCPs and vendors where required. Communicate clearly and professionally when managing operational issues and escalations.
• Change & Continuous Improvement – Participate in technology deployments, testing activities and business change initiatives. Identify opportunities to improve processes, strengthen controls and increase automation.
• Support the implementation of new regulatory, industry and exchange requirements.

Skills

Analytical skills

Attention to detail

Written & verbal communication

Multi-priority management

Excel skills

Ownership mindset

Cross-team collaboration

ETD domain knowledge

Regulatory reporting awareness

FIS GMI knowledge

Tools

FIS GMI

Job description

Job Description

Job Title: EMEA Exchange Traded Derivatives (ETD) Operations - Markets Support Analyst 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!

Location Overview

Be part of something special at Bank of America Chester. Part of a leading global financial institution, we are looking for high potential individuals to join us in driving our people forward. Bank of America Chester is an exciting, diverse workplace where we are committed to delivering a great client experience to the businesses and individuals who call Chester home. Join our team today and find a rewarding, global career.

Role Description

Bank of America's EMEA Exchange Traded Derivatives (ETD) Operations team supports the clearing, deliveries, reconciliation, regulatory reporting and control environment for Futures, Options and Cleared OTC products across a global exchange network. Operating from Chester, London, Chicago and Singapore, the team supports trading activity across more than 40 global exchanges and central counterparties (CCPs), working closely with Front Office, Risk, Technology, Finance, Compliance and external market infrastructure providers. Our objective is to provide a resilient, controlled and scalable operating model whilst delivering excellent service to clients and stakeholders. We are seeking a motivated and detail‑oriented associate to join our Reconciliations team in Chester, UK. This is an excellent opportunity for an individual looking to develop a career within Global Markets Operations and gain exposure to a broad range of post‑trade activities supporting listed derivatives and cleared OTC products. The role provides exposure to the full trade lifecycle and offers significant opportunities to develop operational, regulatory and market infrastructure knowledge within a dynamic global environment.

Responsibilities

• Reconciliations – Perform and review reconciliations between Bank systems and CCPs. Investigate position, cash and trade discrepancies. Maintain a strong focus on operational risk management and control effectiveness.
• Stakeholder Management – Partner effectively with Front Office, Middle Office, Technology, Finance, Risk and Compliance teams. Engage with exchanges, CCPs and vendors where required. Communicate clearly and professionally when managing operational issues and escalations.
• Change & Continuous Improvement – Participate in technology deployments, testing activities and business change initiatives. Identify opportunities to improve processes, strengthen controls and increase automation.
• Support the implementation of new regulatory, industry and exchange requirements.

What we are looking for

• Analytical and problem‑solving skills.
• Outstanding attention to detail and ability to work accurately under pressure.
• Written and verbal communication skills.
• Ability to manage multiple priorities in a fast‑paced environment.
• Intermediate to advanced Microsoft Excel skills.
• Demonstrated ownership, accountability and a formidable control mindset.
• Ability to build effective working relationships across teams and regions.
• Experience within an Operations, Middle Office, Finance or Banking environment.
• Futures & Options markets and post‑trade processing.
• Exchange and CCP operating models.
• Trade lifecycle knowledge across ETD products.
• Reconciliation and exception management processes.
• Knowledge of FIS GMI and related clearing platforms.
• Experience using exchange or CCP portals and GUIs.
• Exposure to regulatory reporting, operational controls or governance activities.
• Understanding of Client Asset / Client Money regulations (CASS).

Skills that will help

• Experience within an Operations, Middle Office, Finance or Banking environment.
• Futures & Options markets and post‑trade processing.
• Exchange and CCP operating models.
• Trade lifecycle knowledge across ETD products.
• Reconciliation and exception management processes.
• Knowledge of FIS GMI and related clearing platforms.
• Experience using exchange or CCP portals and GUIs.
• Exposure to regulatory reporting, operational controls or governance activities.
• Understanding of Client Asset / Client Money regulations (CASS).

Benefits of working at Bank of America 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
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 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, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• 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 is 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.

Company Culture and Values

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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our values Learn about our four values that represent what we believe.