Assistant Vice President, Trading Assistant - London, United Kingdom - Bank of America

Bank of America

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

LOB:
Global Markets - Commodities Trading

Corporate Title:
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.

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

Our Trading Assistant teams supports our sales and/or trading desks across all asset classes. They are notably responsible for trade capture and resolving trade discrepancies. The team also liaises between trading, trade support, sales, counterparties, counterparty credit, operations, and compliance.

This function is also involved in the introduction and User Acceptance Testing (UAT) of new initiatives, systems, and process improvements to increase efficiency and enhance controls.

This role requires product knowledge of financial instruments relevant to the area supported and across related asset classes.

As a Trading Assistant, you will have the opportunity to gain valuable experience in the financial markets and contribute to the success of the trading desk.

The role will entail direct cooperation with the trading desk as well as key stakeholders inside and outside of the franchise.

Responsibilities

Assisting trading team in trade cycling events across the Energy, Index and Metals desks, including confirming transactions, and managing documentation
Liaising with trading and sales, clients, vendors, and stakeholders to facilitate trade transactions and resolve inquires promptly.
Maintaining accurate and uptodate trading records, organizing traderelated documents, and generating reports as required.
Supporting trade capture and resolving trade discrepancies. Participates in the introduction and UAT of new initiatives, systems, and process improvements to increase efficiency and enhance controls. Handles ad hoc requests from clients and the desk.

What we are looking for

Familiarity with commodities. An understanding of the factors that influence commodity prices and market dynamics
Familiarity with documentation and other requirements (regulatory, credit, AML, static data needs) for trading commodity products
Excellent attention to detail is crucial in trade execution, documentation and maintaining accurate records
Strong sense of urgency with ability to multitask heavily
Familiarity with trade capture, client onboarding, and credit risk systems a plus

Skills that will help

Prior trading floor or operations experience
Be a "doer" as well as a "thinker" and demonstrate an ability to drive projects / tasks to completion
Selfstarter with outstanding problemsolving skills. Excels at 'getting things done' with mínimal direction.
Strong operational processing and risk control skills including the ability to build wellcontrolled spreadsheets and source appropriate and meaningful data
Be enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
Take personal responsibility for delivering high quality work and have a track record of outperformance and delivery
Be able to design and produce insightful regular reports and drive continuous improvement in these reports
Ability to thrive in a dynamic, teamoriented environment both work closely with senior members of the team and work independently
Ability to grow and develop into a trading role

Benefits of working at Bank of America

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 backup childcare including virtual tutoring and 20 days of backup 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 b