Bank Of America Vice President Compliance Operational Risk 

Singapore 

715338715

Job Description:

Job Description:

The Non-Financial Regulatory Reporting (NFRR) Enterprise Area of Coverage (EAC), within Global Operations Compliance and Operational Risk, is looking for a Compliance and Operational Risk Specialist to provide second-line oversight of NFRR for the Asia Pacific (APAC) region.

The team operates in a technically complex, fast-changing and dynamic environment with an excellent culture of growth, learning and development. By joining this team, you will gain exposure to colleagues and senior managers in Global Markets, Operations, Technology, Risk, Legal and Audit globally.

Responsibilities:

This role is responsible for C&OR coverage of the end-to-end activities related to regulatory reporting for the APAC region, which include understanding of how the business segments operate (e.g. trading) and the underlying regulatory requirements which govern those activities. This includes, but is not limited to, transaction reports for the following jurisdictions: Hong Kong, Singapore, Japan, South Korea and Australia. If successful, you will be expected to provide C&OR coverage for these regulations.

Day-to-day activities will include (but not limited to):

• Advising the Business, Operations and other stakeholders with the interpretation of NFRR regulatory requirements
• Coordinating and engaging with other C&OR officers to provide comprehensive oversight of NFRR FLU/CF activities
• Reviewing & challenging the bank’s implementation of NFRR, including the control framework
• Working with the team’s data scientist to identify areas of risk and incorrect reporting practices
• Assessing new NFRR regulations, including interpretation and communication of changes, to ensure effective implementation by the bank
• Assisting the FLU/CFs with the development of risk metrics, monitors related performance and breach remediation
• Developing new monitoring and testing activities covering NFRR accuracy, completeness and/or timeliness
• Conducting monitoring and targeted assessments
• Reviewing results of tests executed by the Enterprise Independent Testing team
• Assessing additional training needs relating to NFRR
• Reviewing the bank’s policies relating to NFRR, including the development and maintenance of C&OR-owned policies
• Working with Business and Operations stakeholders and C&OR teammates globally to promote consistency and best-in-class practices.

The successful candidate should have the following attributes:

• Logical thinker who is able to make rational, evidence-based decisions whilst knowing when to escalate, as necessary
• A flexible and solution driven perspective, and a determination and desire to find answers to complex issues
• Ability to understand the translation of laws, rules and regulations into business requirements, processes and controls
• Strong written and oral communication, including the ability to articulate complex issues in a simple way and to interact with senior stakeholders effectively, confidently and with empathy
• Keen attention to detail
• Enthusiastic, responsible and dependable team player who is also able to work independently and take ownership of their area
• Collaborator with good interpersonal skills who proactively builds relationships, with the agility and resilience to deliver results in a fast-paced, evolving space
• Good data analysis skills are desirable