Job Description

The Futures & Options and OTC Clearing team supports a global client base trading on 40 global exchanges. It is a fast growing business focusing on growth through new client relationships and expanding marketing channels. The Operations team partners with our Business and Technology counterparts to provide a seamless front to back flow for our clients so they have uninterrupted access to the markets and to their positions and activity so they can best manage risk. Chester is the regional operations hub providing support for markets in EMEA region. We work closely with our regional and global counterparts to present a single global face to clients in the form of consolidated statements, reports, and technology.

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The role is part of the Clearing team in Bank of America Merrill Lynchs F&O and OTC Clearing Derivatives group. On an daily basis the Clearing team is responsible for Clearing Futures and Options Trades. This position is primarily responsible for performing transaction level clearing of trades in Exchanges and Clearing Application. This position will be the owner for process related controls. This position plays a key role in controlling operational costs. The position is also responsible for monitoring Suspense Accounts.There will be ad hoc requests or queries from management, traders and internal clients that will require an investigative and inquisitive mind to support and handle them professionally at the highest service level. This position will require a positive attitude and ability to work in a team environment.

Responsibilities*
Global Trade Clearing
Quick escalation of system and connectivity issues to Tech team, minimizing downtime of the recon process
Team orientated environment, associates empowered and encouraged to put forward suggestions for the continual enhancement and development of Procedures and Controls
Strict adherence to documented procedure, task trackers, whilst carrying out all task
Handle internal and external queries, either verbal or email, on a timely and accurately
Effective escalation of issues to management
Identifying process weaknesses, flagging communication issues to/from clients
Work closely with internal teams such as the Reconciliation & Control Team and the Client Services Representatives (CSR) Team to resolve breaks

Requirements*

Job Title*
Team Developer

Education*
MBA/Bachelors Degree from an accredited college or university
Certifications If Any: NA

Experience Range*
At least 4 years of relevant experience with an Investment Bank Operations. Preferably in the Futures & Options clearing, Reconciliation, Static Data Management, Trade Support, Trade Settlement etc

Foundational skills*
Should have hands on experience in any of the mentioned functions Trade Clearing, Settlement, Reconciliation, Static Data Management, Trade Support
Desired skills
Candidate must have strong communication skills
Candidate must be able to work without immediate supervision and take ownership of assigned tasks.
Candidate must be proficient in Microsoft Excel.
Candidate must have experience analyzing data.
Exposure to running queries in Microsoft Access is preferred.
Knowledge of the derivative industry is preferred.
Candidate must have above average analytical skills.
- Candidate must have above average Knowledge of general accounting including journal entries and account reconciliations.
- Expertise in excel macro writing, MS Access coding will be added advantage
- Exposure to GMI, Clear vision added advantage
Education: Any Graduate
Industry: Banking

Skills Required