Bank Of America Electronic Trading Compliance Operational Risk Officer 

United Kingdom, England, City of Westminster 

902587483

Job Description:

Job Title:Electronic Trading Compliance and Operational Risk Specialist

AVP/VP

Role Overview:

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 associated with Electronic Trading to ensure compliance with applicable Laws, Rules and Regulations (LRR).
• Engages in activities to provide independent compliance and operational risk oversight of FLU performance and any related third party/vendor relationships in alignment with the firms Electronic Trading Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures
• Analyse and interpret applicable Laws, Rules, and Regulations (LRR) to provide clear and practical advice to stakeholders and identify and manage associated gaps/risks ensuring compliance with applicable LRR.
• 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.
• Provides coverage/being a point person for specific FLU business which entails reviewing marketing material, resolving queries and discussing proposals.
• Conducts compliance and operational risk assessments of the Electronic Trading FLU, incorporating review of external loss events to assess control effectiveness.
• Develop an effective working relationship with FLU personnel and other internal departments, such as LOB Compliance, Legal, Market and Credit Risk, Operations and Regulatory Reporting.
• Work closely with other regional Electronic Trading Compliance and Operational Risk colleagues to ensure consistency in approach and best practices.
• Executes and/or provide oversight of governance and management routines.
• Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect Electronic Trading business and third-party participation.
• Review of key performance metrics quantifying the effectiveness of the risk framework.
• Provides independent review and challenge of the business’s Risk & Control Self-Assessment (RCSA), MiFID Self-Assessment and other assessments and/or Audit issues.
• Escalate regulatory relations concerns to Compliance and Operational Risk Executive

Preferred experience:

• Global Markets experience eg Markets Compliance, Operations Risk or FLU related experience preferred
• Knowledge of FICC or Equity products and market structure
• Electronic Trading Risk experience

Skills:

• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Ability to review and challenge
• Risk Management
• Critical Thinking
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Business Process Analysis
• Process Management
• Written Communications

Required Qualifications:

• Seasoned Markets related experience in a Matrixed organisation
• Bachelor’s degree in a mathematics, economics, engineering or finance related discipline.

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 & 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.