Job Description:
Job Title: Equity Swaps Trade Control
Corporate Title: Officer
Location: Paris
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.
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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 in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport"
Job Description
The Equity Swaps Trade Support team, provide cover and support to a variety of Desks across the equities division Including flow, yield enhancement and Delta 1 desks, with crossover into more structured and exotic products. The Team currently consists of 16 people.
This job is responsible for providing operational support for equity swaps, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.
Responsibilities:
- Paris based roll - Hybrid working model (3 days in office per week minimum)
- Query management with client e.g., mismatch of calculations; T1 reporting queries; valuations; cash flow confirms & general queries
- Lifecycle swap management - increase / decrease of swaps; rebalance & resets
- Work with Sales and trading desk on any RFI's -, help coordinate the in / out flows with end clients.
- Build and maintain effective client relationships
- Continuous improvement mind-set - identify and implement process improvements
- Build robust operation controls in place for risk monitoring
- Projects enhancement outside day to day, constantly seeking process improvements and build strong relationship with Tech/FO/BO and relevant stakeholders
Essential Skills
- Excellent communication skills - both written and verbal
- Good client service ethic, with prior experience working in a client facing environment
- Ability to manage multiple deadlines and prioritise effectively
- Knowledge of Equity Derivatives and Delta One universe, preferably Swaps
- Skills in Excel required (VBA / Python preferred)
- Fluent in both English and French, other languages appreciated
Benefits of working at Bank of America:
France
- Competitive retirement plan in addition to State plans.
- Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
- Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers.
- Life and disability insurance
- Time Savings Account ('CET') to save some of your leave days, cash them out or use them later.
- Reimbursement of 50% of your commuter pass
- Nursery scheme for children under age 3
- Works council benefits
- Access to an Employee Assistance Programme for confidential support and help for everyday matters.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities.
- Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris".
Bank of America
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.