Trading Assistant

2 weeks ago

London, Greater London, United Kingdom Bank of America Full time



LOB:
Global Markets

Corporate Title:
Assistant 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 with traders, trade controls, sales, counterparties, counterparty credit, operations, finance 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.

Responsibilities

  • Trade capture, trade P&L and risk summarization, and trade discrepancy resolution
  • Collaborating with TA team members and other stakeholders including traders, trade control, counterparties, operations, finance, and compliance
  • Trade monitoring and preparation of various reports for traders
  • Responding to ad hoc requests and investigations
  • Participating in growth initiative and operational efficiency projects

The team


The Trading Assistant will cover both the XVA and Risk Optimization Group (ROG) desks which are part of the Counterparty Portfolio Management (CPM) line of business.

The XVA trading desk focuses on managing counterparty credit risk (CVA) and funding risk (FVA), hedging those risks with a variety of cross-asset derivative instruments including rates, FX, commodities, credit, and equities.

The ROG trading desk has two main functions - risk optimization, which includes initial margin, GSIB, and regulatory capital optimization and collateral trading optimization.


What we are looking for

  • Prior trading floor or middle office operations experience with crossasset derivative products
  • Familiarity with trade capture, client onboarding, and credit risk systems
  • Excellent communications skills and confidence interacting with senior and junior stakeholders
  • Familiarity with documentation and other requirements (regulatory, credit, AML, static data needs) for trading FICC products
  • Strong sense of urgency with ability to multitask and engage business partners for efficient resolution
  • Ability to think critically or inquire further about the job functions being performed, understand the implications of these actions, identify, and escalate issues, and propose solutions
  • Strong operational processing and risk control skills including the ability to build wellcontrolled spreadsheets and source appropriate and meaningful data
  • 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

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 benefits
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Wintermute Trading Full time

    About WintermuteAt Wintermute our mission is to enable, empower and advance the truly decentralized world for more transparent and efficient markets and products.We do this by providing liquidity algorithmically across most trading venues in crypto, supporting all major centralized and decentralized trading venues, AMMs, RFQs, aggregators and chains....

  • Senior Trade Support Engineer

    2 weeks ago

    London, Greater London, United Kingdom Geneva Trading Full time

    As a Senior Trade Support Engineer at Geneva Trading's London office, you will play a crucial role in supporting our over-the-counter (OTC) trading operations. Leveraging your expertise in trade support and proficiency in Python, you will work closely with OTC traders to ensure smooth and efficient trade execution, resolve technical issues, and optimize...

  • Trading Services Specialist

    2 weeks ago

    London, Greater London, United Kingdom Jump Trading Group Full time

    Jump Trading Group is committed to world class research. We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Our culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    We are currently representing a leading £5bn+ hedge fund who are looking to add a Trader Assistant to their team here in London.The role is to ensure the complete, accurate and timely capture of trades and lifecycle events. It will sit directly with the PMs and Traders.The Requirements 23 years experience as a Trade Analyst / Trade Assistant, either within...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Loomis Sayles Full time

    Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently...

  • Trade Assistant

    2 weeks ago

    London, Greater London, United Kingdom Ad Idem Consulting Full time

    Trade Assistant & Operations – Hedge Fund Our client is a boutique Hedge Fund in London with roughly 50 people. They are looking for someone to support the front to back trading lifecycle, support traders and PMs with ad-hoc requests and automate processes using Python. Role: You will oversee & own the trading lifecycle of various products including...

  • Trade Assistant

    2 weeks ago

    London, Greater London, United Kingdom Ad Idem Consulting Full time

    Trade Assistant & Operations - Hedge FundOur client is a boutique Hedge Fund in London with roughly 50 people. They are looking for someone to support the front to back trading lifecycle, support traders and PMs with ad-hoc requests and automate processes using Python.Role:You will oversee & own the trading lifecycle of various products including Equities,...

  • Trade Assistant

    2 weeks ago

    London, Greater London, United Kingdom Ad Idem Consulting Full time

    Job DescriptionTrade Assistant & Operations - Hedge FundOur client is a boutique Hedge Fund in London with roughly 50 people. They are looking for someone to support the front to back trading lifecycle, support traders and PMs with ad-hoc requests and automate processes using Python.Role:You will oversee & own the trading lifecycle of various products...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Tempest Vane Partners Full time

    The ClientBefore applying for this role, please read the following information about this opportunity found below.My client is a leading FinTech business delivering technology and investment management infrastructure services to some of the world's leading hedge funds and asset managers.What You'll GetAn opportunity to be part of one of the most exciting...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom TRM International Full time

    TRM-International are proud to announce a new opportunity for a Trading Assistant to join a highly regarded Technology Company in their London offices. As a team member, you will immerse yourself in a successful environment leveraging cutting-edge, industry leading technologies.Trading Assistant Responsibilities: Supporting Traders from an operational...

  • Sales Assistant

    2 weeks ago

    London, Greater London, United Kingdom Trading Desk Full time

    Trading Desk – Sales AssistantAbout us:Trading Desk, established in 2015, is an omnichannel platform connecting preloved streetwear enthusiasts. We operate a physical retail store in Soho, London and a digital peer-to-peer marketplace. Our mission is to reduce the impact of the streetwear market on our planet by supporting consumers & brands to make...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom TRM International Full time

    TRM-International are proud to announce a new opportunity for a Trading Assistant to join a highly regarded Technology Company in their London offices. As a team member, you will immerse yourself in a successful environment leveraging cutting-edge, industry leading technologies.Trading Assistant Responsibilities: Supporting Traders from an operational...

  • Sales Assistant

    2 weeks ago

    London, Greater London, United Kingdom Trading Desk Full time

    Job DescriptionTrading Desk – Sales AssistantAbout us:Trading Desk, established in 2015, is an omnichannel platform connecting preloved streetwear enthusiasts. We operate a physical retail store in Soho, London and a digital peer-to-peer marketplace. Our mission is to reduce the impact of the streetwear market on our planet by supporting consumers & brands...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    3-7 years experience as a bookrunner/trading assistant/portfolio otimisation/compressions??Open to Asset Class experience but preference is Fixed Income / Macro products; ~ A technical toolkit in either Python or C++ is essential; ~ Experience in project management and delivering change;?? ~ able to build relationships with finance, operations, quant, tech...

  • Trades Assistants

    2 weeks ago

    London, Greater London, United Kingdom Datatech Analytics Full time £33,000

    Graduate Opportunity - Suitable for Maths, Economics, Physics or similar - 2:1 & above - Trading Assistant (not financial trading) - Central London - Salary up to £33,000 dependent on skills & experience - J12587 Candidates applying for this role will agree to work on a shift pattern basis with early mornings and late evening including 50% weekend work. A...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Attribution Search Full time

    Multi Strategy Hedge Fund looking to attract high performing Trading Assistant for its Macro Trading Pod. Take the next step in your career now, scroll down to read the full role description and make your application.The fund is established in nature, with multi-billion AUM and multi jurisdiction coverage across all major hedge fund hubs and newly formed...

  • Online Trading Assistant

    6 days ago

    London, Greater London, United Kingdom Fashion And Retail Personnel Full time

    This London based fashion retailer is looking for an online trading assistant to join its team. It is a growing and fast paced business, known for its womenswear.As online trading assistant you will be responsible for management and trading of the website, driving online traffic and trading. You will have ownership of conversion, KPI's and ensuring stock,...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    The successful candidate will bring the following: 3-7 years experience as a bookrunner/trading assistant/portfolio otimisation/compressions??in a hedge fund or investment bank; Open to Asset Class experience but preference is Fixed Income / Macro products; A technical toolkit in either Python or C++ is essential; Experience in project management and...

  • Credit Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Attribution Search Full time

    Job DescriptionAttribution Search is targeting a high performing Credit Trading Assistant for a growing multi strategy Hedge Fund.The fund has experienced accelerated growth since launch with multi billion AUM and consistent double digit performance. Investment strategies across the fund are broad and highly complex with a large portion of its book dedicated...

  • Trading Assistant

    2 weeks ago

    London, Greater London, United Kingdom Datatech Analytics Full time £33,000

    Graduate Opportunity - Suitable for Maths, Economics, Physics or similar - 2:1 & above - Trading Assistant (not financial trading) - Central London - Salary up to £33,000 dependent on skills & experience - J12587 Candidates applying for this role will agree to work on a shift pattern basis with early mornings and late evening including 50% weekend work. A...