Bank Of America Compliance Operational Risk Specialist Equities 

United Kingdom, England, City of Westminster 

216169776

Job Description:

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.

Job Title:Compliance and Operational Risk Specialist (Equities)

VP

Role Overview:

to join the Equities Compliance and Operational Risk team. The role is responsible for assisting the Compliance and Operational Risk team to execute second line of defence compliance and operational risk oversight for the Equities Business in the UK and CEEMEA, focusing on Prime Financing.

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:

• Assist in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation.

• Engage in activities to provide support to the Compliance and Operational Risk team in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Policies and the Compliance and Operational Risk Management Program and Standard Operating Procedures.

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

• Assist with investigation of escalated trade surveillance alerts and continual enhancement of the trade surveillance program elements.

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

• Conduct monitoring and provide independent review and challenge to the Front Line Unit.

• Assist in responding to trading venue and regulatory inquiries and other audits and examinations.

• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory Reviews and challenges Equities processes, risks, Single Process Inventory, and Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to the Equities business.

• Attends & participates in in governance forums providing advice, review, and challenge.

What we are looking for:

• A versatile, confident individual with significant, relevant work experience in a similar compliance and/or operational risk role within an Equities business. Ability to engage and communicate confidently and professionally with trading and sales teams, and with other internal stakeholders.

• Strong written and verbal communication skills.

• Knowledge of the UK, European and US regulatory framework including (not limited to) MiFID II, MAR, EMIR, Dodd Frank, Volcker etc.

• Preferably a strong understanding of Equities Prime Financing.

• Confident in managing policies, procedures and guidelines.

• Ability to interpret relevant laws, rules and regulations

UK

• 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 access to school holiday clubs 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.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts and Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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