Assistant Vice President, Rates & FX Middle Office Trade Support

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 23 Aug 17

Assistant Vice President, Rates & FX Middle Office Trade Support

Job Description:
About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.

Key Responsibilities

  • Supervising a team for Rates or FX Trade Support for Asia ex-Japan and Australia
  • Manage daily Trade Support functions and related Operational Risk.
  • Perform capacity and resource planning for the team.
  • Liaise with Regional and Global Business and Support partners.
  • Lead and grow the individuals within the team.
  • Work with offshore units to deliver BAU
  • Middle Office Trade Support Team responsibilities include:
  • Trade Capture Substantiation
  • STP Trades: Monitor Markitwire exception queues for trade capture and amendments.
  • For Non-STP trades: Validation of trade capture and amendments by Trading Assistant against external documentation (broker confirms or Reuters print outs).
  • Amendments of trades in special cases in the system of records.
  • EOD controls around completeness of processes and related reporting.
  • EOD reporting for day activity
  • EOD valuations of new trades
  • Valuation changes for amendments.
  • Monitor Trade Events and ensure processing completeness.
  • Support Rates and Currency business across the region.
  • Infrastructure and other projects:
  • On-going migration of Rates and Currencies systems to target platforms.
  • Continuous Process Improvement by benchmarking to Global Standards ("Process Excellence")
  • Strategic infrastructure planning
  • Projects to improve team engagement and satisfaction, efficiencies and resource utilization
Key Requirements
  • University Graduate or above.
  • Relevant experience for at least 6-8 years. Rates and Currencies Trade Support experience preferred but Equity/Credit and/or Back Office experience will also be considered.
  • Track record of thought and people leadership. Should have led regional initiatives for new ideas and/or implementations.
  • Experience with offshoring will be an advantage.
  • Good communication skills with a pleasant and assertive personality.

Bank of America Merrill Lynch is an equal opportunities employer.

Posting Date: 09/08/2017
Location: HK--Hong Kong

Full / Part-time: Full time
Hours Per Week: 40