Bank Of America Compliance Operational Risk Specialist Control Room 

United Kingdom, England, City of Westminster 

933070131

Role Description:

execute 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:

• Execution of the Global Compliance Policy and the Compliance Risk Standards as applicable for the Enterprise Information Wall Compliance Program
• Review private side transactions and perform analysis to understand potential impacts on the Watch List and/or Restricted List
• Review equity and fixed income Investment Research reports
• Review non-deal roadshows organised and/or hosted by BofA
• Pre-clear trade requests in restricted stocks, pre-clear large trade requests and perform firm holding checks
• Manage the firm’s wall crossing processes, providing challenge where necessary
• Contribute to global technology projects and other targeted assessments to improve processes and mitigate risk
• Perform conflicts checks against the Watch List ahead of the business accepting certain new mandates
• Point of Contact for Enterprise Information Wall (Policy and Standard) for all Vertical Lines of Business in region
• Evidencing up to date List of Associates subject to the Watch List, Quarterly
• Creation and Maintenance of Single Process Inventory Controls, Metrics, and Thresholds
• Weekly Pipeline Review; Global Banking & Global Markets Regulatory Change Management
• Quarterly Highly Restricted Confidential Information (“HRCI”) assessment for 2nd Line applications
• Documented training for all employees, including new hires, annually (Includes Laws Rules and Regulations, Case Studies, Resources and Escalation process, including links to policies)

What we are looking for:

• Demonstrable experience in Compliance / 2nd Line of Defence role
• Analytical and problem solving skills
• Ability to work under pressure
• Ability to prioritise tasks effectively
• Ability to challenge and appropriately assess risks

Nice to have

• Understanding of US Securities Laws
• Understanding of UK and Irish Takeover Panels
• Previous experience of managing conflicts clearance

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.