Global Collateral Operations - Markets Support Analyst

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

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. 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: Chester 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

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

Responsibilities Include

• You will 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 Customer
• Credit – Monitors credit exposure on derivatives
• Capital Markets Documentation – Negotiates the collateral agreements.
• You will investigate mark discrepancies, maintain current procedure manuals, and look for methods of improving efficiency.

What we are looking for

• You will have a basic understanding of financial markets and derivative products
• You will have a basic understanding of financial markets documentation (ISDA, IFEMA, PSA)
• You will have a college degree or related experience
• You will be detail oriented–Specifically the ability to recognize unusual flows/triggers for collateral in agreements and new trade structures
• Additional Skills: An open flow of communication, specifically relating to new issues or problems, is necessary between team members
• Basic Excel skills
• Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks.

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
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• 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 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 strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. 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 delivery 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 your 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.