Description
*OTC Derivatives Analyst - Bank of America Merrill Lynch, Chester - 6 months initial*
Job Description
Introduction
A role exists for a highly motivated, industry established, senior professional within the F&O and OTC Clearing Operations EMEA Management Team, who is looking to further expand an already successful career in the field of Futures & Options and OTC Clearing.
The department has a Market Operation which comprises of, Clearing, Deliveries, Regulatory/Exchange and Process Control, Strategy, Client Service and Documentation Teams. This structure is replicated regionally in Chicago and Singapore processing trading activity over 60+ Exchanges.
Role Description
- The role will be reporting to the Chester based Control Manager for F&O and OTC Clearing.
- Develop and evaluate existing group controls and ensure compliance with internal bank policies.
- Validate client money regulatory documentation for accuracy and completeness.
- Monitor and analyse daily clearing and reconciliation activity and escalation.
- Provide updates and escalate to management in a clear and timely fashion.
- Coordinate procedural reviews and provide the interface between the F&O group and various auditing bodies.
- Performance of RCA for the BAU activities performed across the Chester F&O Operation.
- Oversight of the control framework with Teams performing Reconciliation, Delivery, Clearing and Client Service functions.
- Partnering with Operational Risk and Operation Functions in order to enhance the Control environment.
Required Skills
- Demonstrates leadership excellence, having led an organization in the past delivering superior tangible/quantifiable results.
- Understand and adapt to regulatory and industry change (with EMIR, Trans Reporting, Client Money, MiFID working knowledge).
- Proven track record of achieving results optimizing resources and driving efficiencies.
- Excellent communication and the ability to manage relationships with peers and senior management.
- Strength in identifying and implementing solutions for process improvement.
- Strong comprehension of Microsoft Excel, Word, Outlook and PowerPoint.
- Prior experience of Futures & Options is essential.
- Additionally, knowledge of Client Money (CASS 7 and 10) regulations is beneficial.
- GMI knowledge would be of significant benefit.
*Ajilon Consultant* You will be an integral part of Ajilon (Adecco), a FTSE500 Global organisation with over 52 clients and sole supplier to the biggest organisations in the country and the world. You will be a permanent employee onsite with our client where you will receive a regular salary, annual bonus payment, pension contributions, holiday and sick pay, plus a number of additional benefits such as medical insurance, income protection, critical illness and life insurance, access to our discounted benefits website and library of online training materials and future career and certification opportunities. This great opportunity is being offered on a PAYE basis which means a LTD/Umbrella company cannot be used.