Equity Trade Control Analyst

Job Description:

Job Title: Equity Trade Control Analyst

Corporate Title: Assistant Vice President

Location: London

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:

Based just a stone’s throw from the magnificent St. Paul’s Cathedral is our London MLFC office, on bustling King Edward Street. Here you will find modern workspaces and a state-of-the-art auditorium space. In addition, we are proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus that have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop gardens and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and onsite medical centre.

Job Description:

The Equity Swaps Trade Support team, provide cover and support to a variety of Desks across the equities division Including flow, yield enhancement and Delta 1 desks, with crossover into more structured and exotic products. The team is responsible for providing advanced end-to-end operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business, and cross-business functional support through the lifecycle of a trade. Key responsibilities include ensuring trading and operational activities are completed accurately and before deadlines, researching and resolving complex issues, and simplifying client interactions. You will have primary responsibility for overseeing and processing Corporate Actions related adjustments to live positions within the Front Office risk system, ensuring accurate position data, risk calculations, and downstream reporting.

Responsibilities:

• Corporate Action events processing (elections & bookings)
• Client Swap allocations
• Performing Lifecycle events on swaps
• Corp Action events processing (elections & bookings)
• Client facing Follow the Sun extended client service for swap queries
• Single Stock and Index dividend reconciliation vs hedges
• Rate & price fixings
• Process Dividend payments and FX
• Investigating P&L discrepancies
• Build robust operation controls in place for risk monitoring
• Query resolution.
• Projects enhancement outside day to day, constantly seeking process improvements and build strong relationship with Tech/FO/Operations and relevant stakeholders

Skills:

• Great understanding of Equity Derivatives
• Processing Mandatory and Voluntary Corporate action bookings on swap and hedge front to back
• Processing Mandatory and Voluntary Corporate actions on swaps front to back
• Managing Voluntary CA Event variation requests
• Query management with Front Office and clients
• Build and maintain effective client relationships
• Continuous improvement mind-set - identify and implement process improvements
• Build robust operation controls in place for risk monitoring
• Projects enhancement outside day to day, constantly seeking process improvements and build strong relationship with Tech/FO/BO and relevant stakeholders
• Excellent communication skills – both written and verbal
• Ability to manage multiple deadlines and prioritise effectively
• Skills in Excel required (VBA / Python preferred)

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.
• 20 days of back-up childcare including virtual tutoring 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 etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• 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 are 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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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 dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.

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