F&O Operations Analyst
Bank of America Corporation
10d ago

Corporate Title : Officer

Location : Chester

Line of Business : F&O and OTC Client Clearing Operations

Want to advance your career in a dynamic and rewarding environment? We are recruiting for a talented F&O Operations Analyst to join our team in Chester.

You will be supporting the Front Office Control (FOC) team in a processing and control capacity for our MiFIDII Reporting obligations.

Your new role is required as a result of the changes / introduction to MiFID II reporting requirements, whereby the team has assumed end to end reporting responsibility for Commodity Position Reporting to the Regulator & National Competent Authority, in addition to supporting the Transaction Reporting and Post Trade Enrichment Processes.

  • You will gain exposure to various Lines of Business within the process and within our overall business. This is a new, growing team;
  • allowing you the opportunity to grow with your teammates in a bold, dynamic environment. Career progression and personal development opportunities are actively encouraged within this team.

    As an F&O Operations Analyst your responsibilities will include :

  • Reviewing, analysing and resolving exceptions
  • Scope of the review includes pre-submission errors, technical errors and NACKs (Non Acknowledgments) from ARM / NCA
  • Liaising with QA Teams, Technology, TR, Operations, FO and Compliance to assist with resolving all exceptions
  • Supporting ongoing Exchange mandated upgrades and testing in relation to changes to our trade processing infrastructure
  • Providing analysis and resolution of issues raised by the Front Office teams.
  • Administration of MiFID II Commodities Position Reporting
  • Support of Post Trade Enrichment processes, and RCA, leveraging Front Office relationships to prevent recurrence
  • Ensuring all transactions / positions in breach are replayed post resolution
  • Contributing to daily, weekly and month metrics and KRIs / KPIs, incorporating RCA
  • As an F&O Operations Analyst your skills / competencies will be :

    Skills :

  • Understanding of the listed derivatives market, specifically Futures and Options and OTC cleared products in addition to being aware of the trade execution and clearing cycle
  • Understand and adapt to regulatory and industry change
  • Working knowledge of MiFID II
  • GMI knowledge would be very helpful
  • Consistent record of achieving results optimising resources and driving efficiencies
  • Excellent communication and the ability to maintain relationships with peers and senior management
  • Skill in identifying and implementing solutions for process improvement
  • Excellent Microsoft Excel, Word, Outlook and PowerPoint skills
  • About Bank of America Merrill Lynch

    Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services.

    Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

    The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise.

    Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch’s responsibility platform.

    In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


    If you re interested in this opportunity please send your details to us by applying online.

    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 mindset 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.

    As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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