Markets Compliance Specialist jobs at Bank Of America in France

Job Description:

Job Title:Compliance and Operational Risk Manager - Global Corporate and Investment Banking

Director

Role Overview:

This role is responsible for executing second line of defence compliance and operational risk oversight for the Front Line Unit. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented appropriately, and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities:

• Provide ongoing Compliance and Operational Risk coverage for the Private Side businesses in BofA Europe with principal focus being the Global Corporate & Investment Banking (‘GCIB’) business in the entity and more broadly across EMEA. Provide additional support to other EMEA GCIB coverage areas as required.

• Provide dedicated, timely guidance on the relevant Laws, Rules and Regulations (‘LRR’) applicable to the entity and its businesses including risk and impact assessments on new product initiatives, specific transactions, ad hoc queries, routine risk assessment processes such as the RCSA etc.

• Be proficient in assessing risks, associated controls and their effectiveness, while driving compliance with applicable LRRs and regulatory guidelines, adhering to policies, and developing reporting and documentation.

• Engage in activities to provide support to the GCOR function to provide independent 2nd line oversight of Front Line Unit ownership and management of Compliance and Operational risks in alignment with the Compliance and Operational Risk Management Program and Standard Operating Procedures.

• Monitor the regulatory environment to identify regulatory changes applicable to area(s) of coverage, and execute Targeted Assessments aligned to relevant themes or trends.

• Ensure that Monitoring & Testing is conducted in line with GCOR programme requirements and on a timely basis with appropriate escalation and resolution of any issues or matters arising.

• Assist in identifying and escalating control deficiencies or issues that arise and drive actions to address the root causes that lead to compliance or operational risk issues and/or losses.

• Assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines.

• As a member of the BofA Europe – Paris Branch Local Management Team (LMT) be accountable for reporting on and escalating Paris Branch Compliance & Op Risk matters

• Build effective working relationships with colleagues including Regional LoB Compliance & Operational Risk, EU Country Compliance & Operational Risk, GFCC, the Control Room, other Lines of Business, and across regions

• Assist in responding to regulatory inquiries as well as other audits and examinations.

• Review and challenge relevant processes and risks, including those defined in Single Process Inventory (SPI).

What we are looking for:

• A versatile, confident individual with significant, relevant work experience in a similar GCIB compliance and/or operational risk role, with a detailed understanding of institutional private side business and banking products

• Confident written and verbal communication skills

• Ability to engage and communicate confidently and professionally with the business, as well as other internal and external stakeholders

• Knowledge of regulatory frameworks relevant to an EU authorised Credit Institution.

• Ability to interpret relevant laws, rules, regulations and guidelines and draft/implement related policies and procedures.

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Role Description:

This role is responsible for providing diverse and confidential administrative support, including extensive calendar management. Key responsibilities include supporting management with administrative tasks, coordinating travel arrangements, processing expenses, gathering and reporting information relevant to/for the executive, and responding to incoming mail. Job expectations may include assisting with organizing in-person meetings and off-sites and managing different and conflicting objectives, projects, or activities in a responsive and personable manner.

Responsibilities:

• Communicates with executives and line management to gather and convey relevant information

• Answers manager's phone line, documenting accurate messages, and handling calls with appropriate judgment

• Manages the calendar of multiple executives proactively, effectively resolving conflicts that arise in a professional manner

• Arranges and handles details related to travel arrangements, expense reports, meetings, and appointments

• Prepares meeting minutes and related meeting documents, utilizing written and oral communication skills

• Prepares correspondence, reports, and forms for leaders, following interaction with internal and/or external customers to answer questions, research, and resolve problems

What we are looking for:

• Administrative Services

• Attention to Detail

• Customer and Client Focus

• Planning

• Prioritization

• Adaptability

• Collaboration

• Event Planning

• Office Administration

• Problem Solving

• Facilities Management

• Oral Communications

• Recording/Organizing Information

• Research

• Written Communications

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Valuation Rates Specialist

Director

Responsibilities:

• Create, enhance and document independent product valuation methodologies

• Enhance market data calibration methodologies and participates to the model control framework

• Perform in deep dive of valuation issues and communicate findings to senior stakeholders

• Produce valuation updates and partner with business to enforce valuation control

• Involvement with model review and market data calibration. You would leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of Interest Rates Derivatives pricing and risk management suitable for critically evaluating the results of control procedures applied

• Interaction with senior Finance, Risk, and Trading Stakeholders as well as a Regulator focus. You should be able to clearly communicate highly detailed issues, process, and results to senior stakeholders, business, control partners, regulators and internal/external auditors. Will be able to develop and guide an independent, but constructive, relationship with business and control partners

• You will possess excellent technical knowledge of financial markets and products within multiple markets sectors that should be complemented with deep quantitative experience necessary to critically evaluate the results of control procedures applied.

• Valuation Specialists possess broad knowledge of financial markets, products, and quantitative theory

What we are looking for:

• Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical Vanilla and Exotics Interest Rates Derivatives expertise

• Proven management skills with evidence of supporting and developing quantitative resources

• Positive team leading skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks

• Professional communication skills with ability to communicate complex issues in a simple manner

• Programming skills with ability to design, develop and automate

• Prior experience influencing and collaborating with stakeholders across functions/divisions

• Experience of regulatory and senior management interaction

• Minimum of a Bachelor’s degree, Master’s degree is highly preferred

• Experience across multiple products is preferred, but deep technical experience in a reduced product set is acceptable if you are expandable

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Title:Compliance & Operational Risk Specialist – Data Risk Management

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

The EMEA Regulatory Compensation team is responsible for ensuring that the Bankcompensation policies and practices comply with applicable EMEA regulatory requirements.This includes monitoring any new regulatory developments, working in partnership with a wide range of stakeholders internally to implement new requirements, and reporting to EMEA regulators and remuneration committees as appropriate. The EMEA Regulatorycompensation rules.

The role of the EU Regulatory Compensation Specialist (SVP) is to primarily ensurecompliance with EU and France remuneration regulations applicable to the Bank’s France-based entities, as well as to manage France-specific compensation governance and process activities.

Responsibilities will include:
Providing advisory on all France-related regulatory compensation matters
Monitoring and managing the implementation of any new remuneration regulatoryrequirements applicable to the Bank’s French entities
Managing the preparation of local remuneration committee papers and contributing toremuneration committee chair briefings (this will include presenting updates to theremuneration committee chair as appropriate)Participating to local regulatory exams and to meetings with French and EU regulators asappropriate
Preparing and/or reviewing France remuneration policy disclosures and submissions
Supporting the annual review of the remuneration policies, practices and frameworksapplicable to France (this will include managing the annual review of the France MaterialRisk Taker identification framework)
As part of the above, working in close partnership with local senior management and localheads of control functions

Managing the administration of France mandatory and non-mandatory profit sharingschemes
Ensuring appropriate governance and controls, and documentation of internal complianceassessments

Contribute to broader EMEA and global Compensation and Benefits projects

Experience of compensation practices within a large multinational financial servicesfirm.
Experience with EU financial services compensation regulations
Ability to take initiative and drive deliverables; excellent project management andorganisational skills

Ability to work in a matrix environment, manage multiple stakeholders simultaneouslyand escalate as appropriate
Exceptional attention to detail
Highly proficient in Microsoft Excel and comfortable managing large and complexdatasets
Excellent analytical and problem-solving abilities
Excellent communication skills, with ability to summarise and articulate complexlegislation / process / data into easily understood information.

Proficient in other Microsoft applications (Powerpoint, Word).
Commercial acumen.

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Role Description:

Additional responsibilities will include facing off to the Front Office, dealing with queries, managing priority clients to make sure benchmarks are met, ensuring periodic functions are performed in strict accordance with timelines and checklists, managing inbox queries and issues, following process control standards on all tasks and duties performed.

The successful person will be confident with an analytical approach to work. You will have excellent communication skills, both oral and written and be able to work in a pressurized environment whilst maintaining an attention to detail.

Responsibilities:

∙ Maintains accuracy of client portfolio using internal and external comparison tools

∙ Performs research and conducts moderately complex analyses using established techniques, including transactions that require special handling and exception handling

∙ Explores methods to enhance processes, further reduce risks, and boost client experience

∙ Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting

∙Escalates potential risks and exposures to manager in a timely manner

∙Assists with ad-hoc projects, new processes, requiring coordination among subject matter experts representing multiple product areas or functions

∙ Excels in working among diverse viewpoints to determine the best path forward

Skills that will help:

Critical Thinking

Data Collection and Entry

Recording/Organizing Information

Interpret Relevant Laws, Rules, and Regulations

Problem Solving

Quality Assurance

Risk Management

Result Orientation

Written Communications

• 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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Compliance and Operational Risk Specialist

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

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

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.