Collateral Operations Analyst

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.

• 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.

• 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.

• 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