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Global Markets Operations (GMO), Summer Analyst

Chester, United Kingdom

About Us

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 are 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 organisation.

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!

The team:

In partnership with our lines of business, GMO develops innovative strategies and solutions designed to enhance our clients’ performance and supports clients in reaching their business goals.

We have a dedicated Client Operational Services group to provide simplified client interactions and deepen client relationships across Global Banking and Markets clients.

We deliver end-to-end trade lifecycle support for securities, loans, exchange and OTC derivative products beginning from pre-trade onboarding to trade booking reconciliation, settlement and beyond.

We provide cross-business functional support including asset servicing, client assets, cash management, collateral, reconciliations, and fees & billing.

Programme Overview

Our Global Markets Operations (GMO) Summer Analyst opportunity offers an invaluable opportunity to gain experience at a top tier financial institution. The programme will provide you with a thorough introduction to the Operations division and financial services industry. You will also gain an understanding of the products that we trade, and how we manage them operationally to ensure we are meeting our clients’ needs. You will also have ample opportunity to meet and interact with a range of employees, thus building your professional network.

Training and Development

Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.

Responsibilities:

As a Summer Analyst, your key tasks and responsibilities may include but are not limited to:

• Settlement, clearing and reconciliation of processes
• Trade validations, trade maintenance, break resolution and system reconciliation
• Data management, collection, and analysis
• Accurate set-up of client, account, and product reference data
• Process review and improvement

Eligibility

• Candidates are required to be pursuing a Bachelor’s or Master’s degree from an accredited college or university with a graduation timeframe between September 2024 and June 2025
• On track for a minimum 2:1 degree classification (or equivalent)
• Must be available to join the programme from June 2024 to August 2024

What we are looking for

Essential:

• Show demonstrable evidence of self-learning outside of studies, and efforts to advance technical skills
• Display clear motivation for exploring an Operations career within financial services
• Demonstrate capacity for innovative thinking and strong problem solving
• Demonstrate effective communication and interpersonal skills, and ability to interact with a variety of people
• Display evidence of strong teamwork, leadership, and the ability to work in a fast-paced environment
• Fluency in written and spoken English is a pre-requisite
• Demonstrate integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interactions

Our recruitment process

Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it is best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we are proud to focus on attracting, retaining, and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients, and communities we serve.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion, or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.

What if I need workplace adjustments?

We are committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email [email protected] and let us know. We will get back to you within two business days.

We offer a competitive Salary and Benefits package