דרושים Compliance Operational Risk Executive ב-Bank Of America ב-United States, New York

Job Description:

Responsibilities

• Review Investment Banking (""IB"") transactions for potential addition(s) to the Watch List and/or Restricted List.

• Follow up with Investment Banking to receive deal updates and manage day-to-day Control Room processes.

• Review Sustainability & Global Research reports prior to public dissemination against the Watch or Restricted List in accordance with Laws, Rules, and Regulations.

• Provide Global Markets principal/firm trade preclearance on restricted list issuers.

• Provide information wall subject matter expertise/consultation to support all lines of business and support partners.

• Assist with the training of new hires and junior team members.

• Respond to AMRS regulatory Inquiries, lead/facilitate meetings with Research Legal and Investment Banking Legal.

• Assist the AMRS manager in Quality Assurance reviews for the AMRS team.

• Provide training and awareness to the lines of business and their support partners on information wall topics.

• Contribute to global technology initiatives via idea generation, UAT testing, or working alongside Global Tech and Operations support partners.

• Handle advanced research advisory topics, liaise with research management and legal teams, and navigate the regulatory landscape to effectively mitigate the firm’s regulatory and reputational risks in the publication of Research Reports.

• Develop, implement, and train on policies, procedures, testing protocols, and governance routines to ensure smooth operation of the control room, including conducting periodic and targeted assessments of the control environment and creating new procedures to adapt to regulatory changes.

• Collaborate with internal audit and other control functions to address identified gaps in controls, while identifying and implementing process improvements.

• Evaluate, scope, and execute major projects for the Control Room function, including day-to-day operational repairs and enhancements, technology upgrades, integrating new business lines, and supporting senior management in large-scale strategic cross-functional initiatives.

• Coordinate with legal and senior leadership, as needed, to respond to official requests from regulators and external control bodies, such as exams, letters, RFEs, and ad-hoc inquiries.

• Remote work maybe permitted within a commutable distance from the worksite.

Required Skills & Experience

• Bachelor's degree or equivalent in Economics, Statistics, Mathematics, Finance, or related: and

• 6 years of progressively responsible experience in the job offered or a related Quantitative occupation.

• Much include 6 years of experience in each of the following:

• Handling advanced research advisory topics, liaising with research management and legal teams, and navigating the regulatory landscape to effectively mitigate the firm’s regulatory and reputational risks in the publication of Research Reports;

• Developing, implementing, and training on policies, procedures, testing protocols, and governance routines to ensure smooth operation of the control room, including conducting periodic and targeted assessments of the control environment and creating new procedures to adapt to regulatory changes;

• Collaborating with internal audit and other control functions to address identified gaps in controls, while identifying and implementing process improvements;

• Evaluating, scoping, and executing major projects for the Control Room function, including day-to-day operational repairs and enhancements, technology upgrades, integrating new business lines, and supporting senior management in large-scale strategic cross-functional initiatives; and,

• Coordinating with legal and senior leadership, as needed, to respond to official requests from regulators and external control bodies, such as exams, letters, RFEs, and ad-hoc inquiries.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

Job Description:

Merrill is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

This job is responsible for leading the market to ensure the delivery of an exceptional client experience and focusing on achieving sustainable, responsible growth through operational excellence and risk management. Key responsibilities include building a culture of excellence by recruiting, developing, and retaining top talent in an environment that is inclusive and supportive of all employees. Job expectations include establishing enterprise-wide relationships and protecting the bank's brand internally and externally.

Responsibilities:

• Develops and executes a market growth plan to increase profitability and drive sustainable responsible growth
• Recruits, coaches, and retains high-performing talent and leads a culture of diversity, inclusion, and respect
• Holds Advisors accountable for providing an exceptional client experience
• Fosters and leverages relationships to ensure coordinated delivery of the enterprise's full capabilities and offerings to clients by collaborating across all channels and product groups in the client's best interest
• Establishes a risk culture and ensures all team members are protecting the interests of the firm, while enhancing the client experience
• Manages the market Profit and Loss with a focus on revenue growth and return for shareholders
• Represents the firm in the community to increase brand visibility and enhance new and existing business opportunities

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company O & I goals.
• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Desired Skills:

• 10+ years of Financial services experience.
• 4+ years of leading a team of advisors.
• Series 3 and 31 or ability to obtain.
• Series 7, Series 63 and 65 or 66, and Series 9 and Series 10 required.

Skills:

• Business Acumen
• Coaching
• Decision Making
• Drives Engagement
• Executive Presence
• Conflict Management
• Customer and Client Focus
• Inclusive Leadership
• Relationship Building
• Risk Management
• Emotional Intelligence
• Leadership Development
• Performance Management
• Process Effectiveness
• Recruiting

This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. 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.

Responsibilities:

• Manage the Americas control room function, including oversight of restricted lists, watch lists, global research reports, wall-crossings, MNPI (Material Non-Public Information), trade surveillance, and trade preclearance.
• Supervise and manage (10-12) Americas control room members, providing training, performance management, and leadership support.
• Serve as primary point of contact for control room matters within the Americas region, liaising with regulators, business leaders, and other stakeholders as needed.
• Implement and maintain global policies and procedures to ensure consistent application of information barrier controls.
• Oversee daily operational controls, including deal team monitoring, conflicts management, and restricted list maintenance.
• Partner with legal, compliance, and business teams to assess risks related to transactions, research publications, and market activities.
• Identify process enhancements and lead regional initiatives to improve control room efficiency and effectiveness.
• Support global control room leadership on cross-regional projects and regulatory inquiries.
• Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
• Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

• Bachelor’s degree in Finance, Law, Business, or related field (advanced degree or certification a plus).
• 10+ years’ experience preferably in a similar role, covering fundamental equity, credit, capital markets or similar products.
• Practical knowledge and experience of deal structures such as IPOs, secondary offerings, PIPEs, debt offerings, mergers and acquisitions, private placements, and rights issues.
• Experience in maintaining control room restrictions, providing research guidance and providing leadership in a high risk environment.
• Strong understanding of securities regulations (e.g., SEC, FINRA, FCA, IIROC, CVM, etc.) and global compliance frameworks.
• Demonstrated leadership skills with prior experience managing teams.
• Excellent communication, analytical, and problem-solving skills.
• Ability to manage competing priorities and operate in a fast-paced, global environment.
• High ethical standards and sound judgment in handling time sensitive information.

Preferred Skills:

• Control Room workflow experience or related knowledge; transferable skills.
• Knowledge of investment banking, capital markets, and research functions.
• Familiarity with surveillance and compliance monitoring systems.

Skills:

• Advisory
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Reporting
• Risk Management
• Critical Thinking
• Influence
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Business Process Analysis
• Decision Making
• Negotiation
• Process Management
• Written Communications

Responsibilities for this role include:

• Assessing the control environment effectiveness of market risk measurement and valuation processes within Global Markets Risk and Global Markets, providing independent challenge to existing approaches as needed.

• Working flexibly as part of the global team on audit projects as required, including providing subject matter expert support to other teams within Corporate Audit.

• Performing thorough technical analyses and summarizing results in concise and impactful report conclusions for distribution and presentation to senior management and bank regulators.

• Proposing and executing test programs as part of day-to-day audit work.

• Developing and managing independent relationships with stakeholders across first and second lines.

• Maintaining timely and relevant knowledge and awareness of business, industry, and regulatory trends, best practices, and standards.

• Close work with a support development team to enhance and automate testing by leveraging new technologies and artificial intelligence.

Master’s degree in related field or equivalent work experience

Required Qualifications:

• Has a minimum 5-8+ years of experience in risk management, price verification, quant or trading group in a bank or other financial institution, or in audit covering those functions, or minimum 5-8+ years of alternative relevant experience.

• Has practical experience managing, performing, and/or assessing traded market price risk processes, e.g. market risk exposure measurement, management, or reporting; limit setting, monitoring, or management; regulatory capital requirement calculation; or stress testing.

• Has sustained experience effectively communicating with first-line markets trading and second-line risk management audiences/stakeholders.

• Has strong knowledge of financial instruments and financial risk management principles, including exposure to Global Markets products, both derivatives and securities; a deep understanding and knowledge of market risk measures and fair valuation; and a strong comprehension of financial modelling fundamentals.

• Understands internal audit’s role and objectives and how risk-based auditing is used to assess business process control environment effectiveness.

• Has strong presentation skills, with the ability to communicate clearly and effectively both verbally and in writing; ability to produce high quality technical documentation.

• Has the ability to problem solve; the ability to work both as a self-starting individual and as part of an integrated team; excellent attention to detail; a positive outlook and an ability to work in a fast-paced environment/multi-task under pressure; and is an intellectually curious, critical thinker.

Desired Qualifications:

• An advanced degree in a quantitative field (e.g. PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering, Physics, Computer Science, or related field).

• Experience in computational, engineering, or scientific research or development roles.

• Strong, hands-on programming skills using Python, R and/or C++/C#, with ability to develop code to conduct independent testing and replicate results, and/or the ability to use data analytics applications.

• Knowledge of market risk capital regulation (Basel III implementation through the US Market Risk Rule and the Capital Requirements Regulation in EU and UK jurisdictions), awareness of requirements in the Fundamental Review of the Trading Book and the wider regulatory environment (e.g., Sound Practices for Model Risk Management, SR 11-7).

This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. 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.

Responsibilities:

• Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations

• Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures

• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses

• Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities

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

• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks

• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage

• Provide real-time support to the Global Foreign Exchange and Local Currency Trading (“FX and LCT”) Front-Line Unit with regards to the rules of the relevant products, markets and venues, and other relevant laws, rules and regulations, including internal policies, as applicable to the Global Markets Business.

• Develop an effective working relationship with Front Line Unit (“FLU”) personnel and other internal departments, such as Legal, Operations, Financial Crimes Compliance, and Regulatory Reporting.

• Assist with responding to and coordinating regulatory inquiries.

• Participate in the review and challenge of business activities in line with BofA Global Compliance and Operational Risk Program.

• Participate, as required, in internal investigations into potential breaches of regulatory/venue requirements or Firm policy.

• Participate, as required, in department initiatives in respect of regulatory/market developments and impact analysis on the firm’s business and support groups.

• Assist with the review of new business initiatives, including non-standard transactions.

• Review and assess activity which is escalated by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU for potential market misconduct.

• Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices.

• Review/update Compliance & Operational Risk Policies and ensure they are consistent with global and local regulatory practices.

• Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective.

• Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line.

• Keep abreast of regulatory change/developments

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.

• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.

• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.

• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Skills:

• Advisory

• Monitoring, Surveillance, and Testing

• Regulatory Compliance

• Reporting

• Risk Management

• Critical Thinking

• Influence

• Interpret Relevant Laws, Rules, and Regulations

• Issue Management

• Policies, Procedures, and Guidelines Management

• Business Process Analysis

• Decision Making

• Negotiation

• Process Management

• Written Communications

Required Qualifications:

• Minimum of seven years of relevant experience

• May require regulatory examination/registration or certification, depending on jurisdiction and role​​​

• Good knowledge of FX products and services

Desired Qualifications:

• Bachelor’s Degree in a related field

• Experience in financial services and/or a similarly regulated sector

• Strong knowledge of Foreign Exchange Market

• Strong understanding of FX Global Code

• Strong experience in dealing with regulator and exchange inquiries and exams

• Strong understanding of market misconduct laws, rules and regulations, as well as applicable surveillance controls

• Operational Risk Management preferably with FX product knowledge experience is advantageous

Job Description:

The Compliance Officer within Regulatory Relations Core Compliance assists in the development and execution of core compliance programs and processes and helps manage the various relationships with our US regulators.

Responsibilities:

• Assist with the coordination of examinations and inquiries by regulators covering various businesses, functions and topics, including operations, finance, regulatory reporting, and sales and trading, and prepare business personnel for meetings with regulators.
• Communicate with regulators and internal stakeholders regarding regulatory issues, findings by the regulators, and remediation related to those findings.
• Work with the relevant businesses and functions to obtaininformation/documentationto respond to regulatory requests.
• Provide periodic examination status updates and contribute to internal reporting and tracking related to examinations and regulatory findings.
• Assist with the management and tracking of regulatory inquiries.
• Assist with monthly and ad hoc Compliance reporting.
• Support the development of US policies and procedures for Core Compliance functions and liaise with the global policies team on behalf of the US.
• Assist in the ongoing enhancement of Core Compliance processes.
• Participate in enterprise-wide special projects.
• Assist the broader Compliance team with special projects as needed.

Qualifications:

• BA/BS, or a similar degree required.
• 2 years of experience with a registered US broker dealer or regulator.
• Problem solving skills and the ability to work independently.
• Strong oral and written communication skills.
• Ability to build and maintain professional relationships with internal and external parties.
• Produce high quality output timely and accurately.
• Strong technology skills including Word, PowerPoint and Excel.
• Attentiveness to detail and ability to work independently.

Depth & Scope:

• Oversees/contributes to the direction of TDBG compliance programs, ensuring alignment with corporate philosophy and strategic direction while protecting the reputation of the Bank
• Assesses risks and recommends policy and/or action based on internal and external industry developments for area of responsibility
• Works with business unit management/partners to develop proactive strategies, tactics, policies and programs to effectively manageregulatory/complianceissues
• Focuses on compliance strategies/issues with business unit partners and foster the development of a compliance culture
• Assesses the effectiveness of the business management’s supervisory program, including conducting research as required to determine benchmarks and/or best practices of other firms
• Conducts/oversees complex analysis and develop recommendations for business/senior management based on findings
• Interprets the impact and advise the business on current and emerging regulatory and compliance issues and industry or market developments to ensure that anticipated regulatory changes are considered within the Business and assist in implementing compliance initiatives to help manage regulatory risk.

Education & Experience:

• Bachelor’s degree or progressive work experience in addition to experience below
• 5+ years related experience required
• In depth knowledge of applicable laws and regulations, research skills and presentation skills
• Strong written and verbal communication skills including a demonstrated ability to clearly provide written reports that identify and quantify risk as well as present sound solutions taking into account Bank operations and culture
• Strong organizational and time management skills
• Ability to analyze the most complex laws and regulations and relate those laws to operational procedures, company policies, and industry trends
• Ability to communicate effectively with senior level management
• Proven experience in project coordination and ability to work independently
• Ability to use personal computer for word processing and electronic filing and retrieval of documents.
• Strong analytical skills and basic mathematical ability to understand and test disclosures as well as ability to use PC or other equipment to verify data and calculations
• Oversees/executes and/or performs tasks from end to end
• Focuses on short to mid term issues (e.g. monthly-quarterly)
• May coach and educate others on assigned team or within department
• Provides day to day interaction and support to Management
• Travel required. Some extended overnight travel
• Working knowledge of Microsoft Office applications necessary to complete assigned tasks and projects.
• Proficiency using online course development tools and knowledge of HTML coding
• Ability to analyze the most complex laws and regulations and relate those laws to operational procedures, company policies, and industry trends
• Working knowledge of Microsoft Office applications necessary to complete assigned tasks and projects.

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasional
• Sitting – Continuous
• Standing – Occasional
• Walking – Occasional
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Occasional
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Never
• Reaching forward – Occasional
• Pushing – Never
• Pulling – Never
• Twisting – Never
• Concentrating for long periods of time – Continuous
• Applying common sense to deal with problems involving standardized situations – Continuous
• Reading, writing and comprehending instructions – Continuous
• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.