Bank Of America Compliance & Op Risk Manager - EQ/Futures 

United States, New York, New York 

889189357

Global Surveillance Strategy Team Responsibilities

• Take ownership of and rationalize the surveillance alerts in our 2nd LOD function in order to improve the quality of alerts using expertise of product-specific market microstructure and supporting data.
• Improve the Surveillance program by identifying critical order / quote attributes that may impact the quality of alerts, including timestamps and market data.
• Lead periodic parameter reviews to analyze the quality and quantity of existing surveillance alerts and make recommendations for changes.
• Lead “effectiveness reviews” of surveillance alerts to take deep dives into the surveillance alert logic and make recommendations for improvements.
• Identify improvements in venue and product coverage by comparing transactional data from trading systems to surveillance alert generation.
• Serve as technical liaison for GBAM Compliance and Operational Risk groups regionally on interactions with internal technology teams and external vendors on all product-specific surveillance matters.
• Participate with the front-office in trading venue onboarding in order to ensure that surveillance of the new trading activity will work as needed.
• Participate in front-office market discussions to stay informed about new order types and changes to the market microstructure.
• Manage the Surveillance Technology Book-of-Work.

Global Surveillance Strategy Specialist – Role Description

• Assist in the execution of regular and fundamental reviews of the firm’s trade surveillance processes and procedures and implement changes where necessary;
• Help to drive the firm’s trade surveillance change program;
• Assist with the monitoring of current technology developments in trade surveillance and promote best practice initiatives;
• Assist with monitoring potential market abuse cases to provide advice and guidance on best practice as well as highlighting issues for policy or procedural change;

• Support ownership and rationalization of trade surveillance alerts in our 2nd LOD
• Assist with delivery of improvements to the Surveillance program by identifying critical order / quote attributes that may impact the quality of alerts, including timestamps and market data.
• Support periodic parameter reviews to analyze the quality and quantity of existing surveillance alerts and make recommendations for changes.
• Assist in transactional data analysis from trading systems and other data sources to verify completeness surveillance data set;
• Support team efforts to provide technical liaison for GBAM Compliance and Operational Risk groups regionally on interactions with internal technology teams and external vendors on all product-specific surveillance matters.
• Participate with the front-office in trading venue onboarding in order to ensure that surveillance of the new trading activity will work as needed.
• Participate in front-office market discussions to stay informed about new order types and changes to the market microstructure.
• Support management of the Surveillance Technology Book-of-Work.

Core Requirements

• Knowledge of general Market Misconduct behaviors in primary or secondary trading;

• Trading domain knowledge, including mechanics of exchange traded instruments and associated market microstructure;
• Knowledge and/or experience on a trading desk to include order placement and routing, market data, and the full trade life cycle, including clearance and settlement;
• Technical experience and understanding of data attributes associated with orders and fills (i.e. FIX protocol, binary protocols, etc.).
• Knowledge of SMARTS, Actimize and alternative surveillance systems (e.g. KX, TradingHub, OneTick or similar) – to include model logic and detailed data requirements;
• Programming and data management skills in order to:
  • Carry out detailed analysis of model logic, calibration of parameters and ad-hoc data projects;
  • Analyze raw data sets, drawing conclusions & developing (high level and detailed) recommendations;
• Basic understanding of statistics that includes mean, median, mode, standard deviation, etc.;
• Good MS office skills (Excel and PowerPoint);
• Strong written and verbal communication skills to ensure requirements are properly communicated to internal and external technology partners;
• Ability to interact with senior stakeholders and communicate efficiently and confidently;
• High aptitude, proactive and entrepreneurial skills to ensure a complete understanding of What, Why and How any problem should be solved, and propose solutions;
• Strong team player who works well with others and supports a culture of learning, knowledge sharing and teaching.

Extras

• Knowledge on latest data technologies that includes Python, Tableau, R and Machine Learning algorithms

1st shift (United States of America)