Bank Of America Assistant Vice President Markets Support Specialist 

Philippines, Taguig 

633032058

Job Description

The Supervisor will be integral to the success of the Philippines Global Markets business as well as setting the culture of the GMO team – one that helps to deliver for clients while responsibly managing risk and complying with all enterprise and regulatory requirements.

The role requires a proven market SME who practices operational best standards, thinks strategically, communicates effectively and with impact, is able to engage with senior and junior stakeholders in a seamless manner, has a thorough understanding of the Philippines regulatory environment and local financial market systems, and possesses a strong ability to develop and grow staff.

Responsibilities

Key responsibilities include but are not limited to:

• Supervising BAU processes of the team that covers onboarding, AML / KYC, trades processing, settlements, reconciliations, regulatory reporting
• Ensuring that the team is complying with GMO, enterprise and regulatory requirements and standards
• Ensuring that the BofA and GMO enterprise risk framework is in place and adhered to
• Serving as a senior point of contact for Front Office, Compliance, Risk & Control, Philippines Country Management, Regional GMO Management, technology, HR, internal and external Audit, and occasional regulatory engagement
• Engage closely with Philippines Global Banking Operations, and other GMO teams from APAC branches and hub locations
• Engaging with change programs in collaboration with technology and other partners. Projects may result from business enablement, regulatory requirements or simplification and improvement / operational excellence opportunities
• Identifying areas for operational process improvement that help to increase efficiency, reduce risk and cost

Required Skills

• Thorough understanding of FX, Fixed Income, Money Market and FICC derivative products
• Thorough understanding of the Philippines' banking and securities regulatory environment
• Strong knowledge of Philippines' payments and fixed income settlement systems
• Proven supervisory ability, preferably within the Markets Operations department of an International bank
• Strong interpersonal and overall communication skills (written and verbal)
• Must demonstrate strong collaboration and stakeholder engagement skills
• Experience with delivering projects and a track record of identifying process improvement
• Ability to develop staff for to take on additional responsibilities

Desired Skills

• 5+ years of experience in Global Market Operations preferably within an International bank