Debt Capital Markets Operations Support - London, United Kingdom - Bank of America

Bank of America

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

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Description

Job Title:
Debt Capital Markets Operations Support

Corporate Title:
Officer

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

Location Overview:

Based just a stone's throw from the magnificent St. Paul's Cathedral is our London MLFC office, on bustling King Edward Street. Here you will find modern workspaces and a state-of-the-art auditorium space.

In addition, we are proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus that have been created with the planet in mind.

Make sure to take time for yourself and head up to our rooftop gardens and take in the spectacular views across London.

Finally, your physical wellness is well-catered for with our onsite gym facilities and onsite medical centre.

Role Description:

We have an exciting opportunity open for a Senior Associate to join our Debt Capital Market operations team, which is part of the wider Global Market Operations, providing operational support to the EMEA DCM banking team and EMEA syndicate trading desks, working primarily with Fixed Income Instruments such as Investment Grade issuances, High Yield, Private Placements, Asset & Mortgage Backed securities.

The role requires that the individual will have a keen understanding of existing operational protocol and risk management with an opportunity to learn, or expand upon, their knowledge of specific rules within primary issuance, and internal technological infrastructure, whilst being able to build a direct operational, network within wider GMO teams, as well as with the front office EMEA DCM banking, syndicate trading, sales teams, and other syndicate banks.

Responsibilities:

You will provide Operational support to the EMEA Debt Syndicate Desk.
You will book and amend trades as required completing these tasks with a high level of precision and accuracy.
You will ensure that all key operational reconciliations are actioned on time and escalated as necessary within the team and business as required.
You will be able to successfully interface with the trading desk in regards the accurate processing of deal bookings, correctly reflect trader market risk across all relevant BOFA entities for each primary deal, ensuring any issues are highlighted in a timely manner
You will perform the necessary reconciliations required in the bookbuild process with other external syndicate members, providing the operational support to the trading desk and sales in finalising the Sale order book for the Syndicated Deal, prior pricing.
You will process the closing payments to issuers and tracking associated fee payments to syndicate members in a timely manner.
You will track failing deals, engaging with Settlement teams, and supporting any client specific escalations to ensure successful and timely settlement.
You will assist with the process of providing "production credits" to the salesforce as relevant for the individual deal

What we are looking for:

Fixed Income Product experience, preferably with a Syndicate / New Issues market background.
Track record of operating within a robust control environment, able to mitigate operational and reputation risks faced in the execution of standard flow business and ensure the successful integration of new business opportunities.
Establishment and maintenance of strong relationships with key stakeholders across the product including Trading desks, Operations, Technology and Finance across all regions.
Develop and manage strong relationships with all key internal and external stakeholders, understanding their individual requirements whilst managing expectations on a daytoday basis.
Actively support any business or product objectives, ensuring the team is focused on delivering cost efficient and effective processes

Skills that will help: