Transaction Reporting Analyst - Futures & Options

Bank of America

Bank of America

chester, uk · United Kingdom · Dublin, Ireland · United States · Remote
Posted on Wednesday, April 17, 2024

Job Description:

Job Title: Transaction Reporting Analyst – Futures & Options

Corporate Title: Up to Vice President

Location: Chester

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!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Role Description:

We are looking for a Transaction Reporting Controls Analyst to join our Transaction Reporting Control Group (“TRCG”), working in the Enhanced Quality Assurance Function. Our wider TRCG team is around 250 people located in Chester, London, Gurgaon, Hyderabad and Mumbai.

The role is primarily focused on working with Operations, Business, Change Management and Technology teams and other stakeholders to support business analysis as input to business requirements for changes to transaction reporting regulations, as well as supporting testing teams in creating and executing user testing scripts. Additionally, the successful candidate will be expected to perform analysis of transaction reporting impacts and determine change requirements for new business, changes to existing business and internal and external technology infrastructure and participate through the change management lifecycle to ensure continued compliance with reporting regulations.


  • You will provide transaction reporting subject matter expertise as input to change requirements to help ensure completeness and accuracy of business requirements for new and changed transaction reporting regulations.
  • As a transaction reporting subject matter expert, you will perform impact assessment of new and changed business (new products, new market infrastructure, new trading infrastructure, new entities etc) and changes to internal and external infrastructure.
  • You will work with internal technology and operations teams to ensure appropriate changes to systems and processes are implemented to ensure continued compliance with reporting regulations.
  • You will work with user testing teams to create test packs which appropriately verify correct implementation of reporting change requirements.

What we are looking for:

  • You will have experience working in exchange traded futures and options Operations, Business, Change Management, or other relevant functions. Operational experience utilising the GMI system would be advantageous.
  • You will have business analysis experience, including functional requirements documentation.
  • You will have excellent communication and presentation skills whilst tailoring communication styles across all levels of seniority.
  • You will have excellent collaboration and relationship management skills.
  • You will have a high sense of urgency with ability to drive results.
  • You will have demonstrable evidence of stakeholder management and influence across all levels including senior management.

Skills that will help (optional):

  • Knowledge of one or more of the key European/UK transaction reporting regulations would be desirable, although not essential (EMIR, MIFID/MIFIR, REMIT).
  • Experience working among diverse teams globally and taking on multiple viewpoints to make sound judgements and decisions/recommendations on the best solutions would be advantageous.
  • Having a proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution would be advantageous.
  • Having the ability to handle diverse workload and tight schedules would be advantageous.

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 back-up childcare including virtual tutoring and 20 days of back-up 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
  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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 opportunities 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.