Job Description:

Job Title: Trading Assistant

Corporate Title: up to 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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview

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

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.

Role Description:

We are seeking an experienced Trading Assistant to cover all activities of the EMEA FICC Trading desks. Sitting on our trading floor, this role is well suited to a conscientious, hardworking, and motivated candidate seeking the opportunity to work closely with Global Markets Front Office and internal/external counterparties across multiple asset classes. This role is primarily responsible for supporting the desk with all trading activities with additional focus on regulatory obligations, product enablement and ad-hoc problem solving across a broad range of FICC products and markets.

Responsibilities:

• Assists the front office with trade booking and ensures trades are captured accurately between front office risk systems and back office ledgers

• Responsible for trade capture & validation, adhering to the necessary regulatory framework

• Monitors and processes time sensitive requests relating to trade bookings, settlement issues and/or downstream feeds

• Resolves risk and P&L issues in a timely manner in collaboration with front office teams

• Addresses client issues in partnership with sales and client management teams

• Develops cross-asset product knowledge by utilizing knowledge of financial instruments accounting

• Partners with existing teams globally to achieve the best in class controls and practices in trade support

• Negotiates delicate decision points around client on-boarding choices

What we are looking for:

• Experience of working with Fixed Income/FX and Structured products, preferably from a Trading Support or other Front Office facing role

• Working knowledge of current regulatory landscape (SFTR, MIFID2, CSDR)

• Inquisitive and analytical mindset

• Ability to prioritise multiple demands

• Client Management

• Data Quality Management

• Trade Monitoring

• Relationship Building

Skills that will help:

• Excellent Operational Risk awareness & understanding of the importance of robust internal controls

• Ability to work diligently and independently, drive to ensure necessary work is completed to a high standard

• Technology literacy: competent user of MS Excel, Bloomberg and standard industry platforms

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 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.