Global Collateral Operations Markets Support Analyst

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

Job Title: Collateral Operations 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. We are committed to a diverse and inclusive workplace, offering competitive benefits and flexibility to support the physical, emotional, and financial well‑being of our employees and their families.

Role Description

An exciting opportunity has become available within the Collateral Operations Unit. The main function of the unit is to mitigate exposure to counterparty risk on OTC derivative trades. As part of this team, you will monitor daily margin for customers across various products (Rates, Commodity, Structured Credit, Equity, and Foreign Exchange).

Responsibilities

• Interact with a variety of groups within the bank (Back Office/Middle Office Operations, Corporate Treasury/Global Securities Operations, Cash/Wire Transfer, Marketers/Traders, Credit, Capital Markets Documentation).
• Determine collateral allocation and delivery of securities.
• Send and receive cash collateral via wire transfer.
• Support traders in executing and marketing derivatives with financial institutions and corporate customers.
• Monitor credit exposure on derivatives.
• Negotiate collateral agreements and maintain documentation.
• Investigate margin discrepancies, update procedure manuals, and identify opportunities to improve efficiency.

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 the ability to recognize unusual flows or triggers for collateral in agreements and new trade structures.

Additional Skills

• Open communication flow, especially regarding new issues or problems, between team members.
• Basic Excel skills.
• Ability to meet deadlines, handle high‑pressure situations, and juggle multiple tasks.

Benefits (UK)

• Private healthcare for you and your family with an annual health screen.
• Competitive pension plan, life assurance, and group income protection cover.
• 20 days of backup childcare and 20 days of backup adult care per annum.
• Flexible benefits and access to a wellbeing account, travel insurance, critical illness cover, and a flex fund.
• Use of an emotional wellbeing helpline, mental health first aiders, and virtual GP services.
• Ability to donate to charities through payroll with matching contributions from the bank.
• Access to Arts & Culture corporate membership and discounted entry to cultural institutions.
• Opportunities to volunteer in the local community.

Equal Opportunity Employer

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We encourage any candidate to inform us of any adjustments required for accessibility.