Global Exchange Traded Derivatives and Collateral Operations

Job Description:

Job Title: Global Exchange Traded Derivatives and Collateral Operations

Corporate Title: Up to Vice President

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:

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.

Job Description:

We’re looking for a highly motivated, established, senior professional to join our Global Exchange Traded Derivatives & Collateral Operations ('GECO') Change Team as EMEA Regulatory Change Lead.You’ll be responsible for delivering a change book of work impacting GECO processes predominantly driven by Regulator, Exchange, CCP and Vendor mandates. This is a high impact role, working as part of a global change team based in 6 locations and building relationships with technology partners, Business partners and GECO line teams in Chester, London and India to implement a varied portfolio of time critical change.  You may also be required to support specific projects driven by business, client and operational priorities for line functions covering Margining, Collateral Management, Clearing, Deliveries (Lifecycle events), Reconciliation and Regulatory Reporting.

Responsibilities:

• Managing all exchange, CCP and vendor non-material mandatory releases for EMEA markets.
• Managing high impact regulatory changes (e.g. the introduction of UK / EU T+1 Settlement)
• Working with impacted parties and stakeholders including GECO teams, Technology partners, Front office trading business (Sales, Trading and Agency), Client Money, Transaction Reporting, Compliance, Onboarding / Client Service / Collateral and Exchanges and Industry Forums
• Reviewing exchange, CCP and vendor mandatory releases for EMEA markets and determining applicability and impact, in partnership with Line SMEs.
• Working with Line SMEs to collate Business Requirement Documents for Technology partners.
• Providing in region support and SME to ETD Operations line teams on change governance and project tracking.
• Identifying opportunities for Continuous Improvement both within the GECO Change team, and across the broader GECO Operations team if appropriate.

Requirements:

• Experience in Exchange Traded Derivatives and / or Collateral Operations with a demonstrable track record of delivering change.
• Thorough understanding of Post Trade Execution Product Transaction Life Cycle and processes.
• Demonstrable attention to detail, and ability to understand applicability of technical releases to product line.
• Proactive communicator, able to establish credibility quickly and build relationships efficiently across peers, other teams both in UK and globally, and senior leaders.
• Excellent analytical, communication, and stakeholder engagement skills able to communicate complex messages simply.
• Proven track record of continuous improvement mindset.
• Ability to work independently and collaboratively in a fast-paced, high-performance environment.
• Experience using Horizon and / or Agile Planning platform.

Skills:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Benefits

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 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, 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

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 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.