Operations Analyst – OTC Clearing Derivatives Settlements

Job Description: Job Title: Operations Analyst – OTC Clearing Derivatives Settlements Corporate Title: Officer   Location: Chester Role Description: Working with external CCP’s such as LCH, CME, ICE, EUREX to ensure our obligations are fully met. Investigating and resolving pre and post cash settlement discrepancies and non-receipts. Undertaking cash reconciliations Liaising with London, Hong Kong, Singapore and New York Trade Support to resolve and call out risk and break issues Adding value though implementation of improvements to the system infrastructure and control environment by taking part in project and ad-hoc testing Communicating updates and critical issue to senior management and making constant effort to improve client service and efficiency. Adhoc Projects involving building requirements, stakeholder engagement, testing and implementation. Process Improvements – generating ideas for how to improve efficiency and control, and seeing them through to implementation. The Team: The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses. Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations. The OTC Clearing Settlements Team is seeking an Operations Analyst to join our growing team. This role supports the settlement of OTC Cleared Derivatives covering multiple products, and instruments. Full technical training will be provided Our role is focused on supporting various internal stakeholders, whilst being responsible for trade validation/ reconciliation, regulatory & management reporting, process and risk improvement and issue resolution. We are looking for an enthusiastic individual who is intellectually curious, keen to develop, has a great attention to detail, wants to challenge the status quo, all whilst working in a fast paced, diverse and rapidly evolving environment. Core Skills: Keen desire for learning and intellectual curiosity Detail oriented Good controls mind set and risk appetite Experience working to tight deadlines Ability to challenge and improve existing processes Good communication and negotiation skills and the ability to build relationships across all levels of seniority Excellent organisational skills are required with the ability to prioritise daily workload whilst working accurately in a high-energy environment Keen analytical skills including data reconciliation and interpretation Logical approach to problem solving - taking ownership and offering practical solutions Bank of America: Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates. In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here. 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. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment. This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.

Send me alerts about jobs like this.

Please enter your email address to continue setting up an email alert for similar jobs to this one. By entering your email address and clicking apply you will sign up to Jobs4 and agree to our terms and conditions.

Job Overview



Date Posted:

Posted 2 days ago

Expiration Date:






Send me alerts about jobs like this.

Please enter your email address to continue setting up an email alert for similar jobs to this one. By entering your email address and clicking apply you will sign up to Jobs4 and agree to our terms and conditions.


Complete the form below to send this job to a friend.

Job Location

Complete the form below to report this job.