Bank of America Careers – Trade Control Analyst

Job Description:

The bank is looking for a quantitative finance analyst in the Independent Risk and Control Function (IRM/CF) Model Risk Management team. IRM/CF Model risk management team covers all aspects of model validation for credit risk models, capital models, loss forecasting models, treasury and balance sheet models, wholesale models, PPNR models, operational risk models and all control function models including fraud models, Anti-money-laundering models & other compliance risk models, across financial products and markets. Based on their prior experience and the team’s requirement, the candidate will work on one or more of these areas.

Job Responsibilities:

• Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications
• Provide support to assigned trading desks – Support the Trading desk across all Middle-Office functions in a timely and accurate manner
• Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments to correct incorrect positions
• Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)
• Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)
• Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved
• Credit Default Event – Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully
• Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary
• Build and maintain relationships across senior business leads and support partners

Job Requirements:

• Ability to understand the diverse perspectives of stakeholders and work with them to resolve differences
• Trade Control experience or product experience is would be an advantage
• Partner with team, business and tech partners to embrace change
• 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

Job Details:

Company: Bank of America

Vacancy Type:  Full Time

Job Location: Birmingham, England, UK

Application Deadline: N/A

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