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Compliance and Operational Risk Specialist (Global Markets), VP

Paris, France

Job number: 19041872

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Job Description:

Corporate Title: Vice President

Location: Paris, France

Line of Business: Compliance & Operational Risk

Are you a dynamic, hardworking Compliance professional? We are currently seeking a forward-thinking Manager to join the Paris Compliance & Operational Risk team, specialising in the day-to-day coverage of the Paris based public side Global Markets businesses (in particular Equities, but also extending to Fixed Income, Currencies and Commodities (FICC) business).

You will be responsible for independent oversight of the FICC business in alignment with the LOB Management Program and the Global Compliance Enterprise Policy and for identification, critical issue and timely mitigation of compliance risks.

You will provide day-to-day coverage for the Global Markets Business in line with the relevant roles and responsibilities policy; to undertake work as directed by management - this would include work in the Assessment process and the production of ad-hoc project work.

Employees in EMEA benefit from working in a company that invests billions of dollars each year in leading-edge technology, and from working in a company that excels in delivering operating services.

Our team expects excellence, rewards high performance, develops its leaders, encourages innovation, demands integrity, cultivates trust and teamwork, and promotes diversity and inclusion. That culture, combined with market leadership and a wide array of professional opportunities, enables us to attract and retain the brightest minds in the business.

Key Responsibilities:

  • Build effective working relationships with relevant business managers and teams, and engaging with them to understand strategy and direction and independently advise those partners on how to deliver their plans while effectively handling compliance risk.
  • Provide dedicated, timely advice on the meaningful regulatory and firm policy requirements in respect of day-to-day activity, ad hoc queries, specific transactions, new product initiatives, etc.
  • Provide assistance to the Business Controls Office in the development of supervisory practices.
  • Ensure that appropriate Monitoring & Testing is conducted, in line with compliance risk assessments and on a timely basis with appropriate partner concern and resolution of any issues or matters arising from those activities.
  • Assist in preparing for regulatory visits, including conducting reviews of affected areas; briefing relevant staff; coordinating the logistics of the visit and contributing to the follow-up actions.
  • Ensure timely and accurate responses to regulator enquiries including discussion with regulatory bodies relating to information required and deadlines, and liaison with internal groups to obtain information and prepare responses.
  • Participate as required in internal investigations into potential breaches of regulatory requirements or firm policy.
  • Contribute to department initiatives on regulatory developments and impact analysis on the firm’s business support organisations.
  • Liaise with colleagues including Regional LOB, EMEA Country Compliance & Operational Risk, GFCC, the Control Room, other Lines of Business, and across regions in respect of Equity Business issues.
  • Work closely with the global team and Legal departments to build and deploy global policies and procedures.
  • Ensure development and delivery of appropriate compliance training.

Knowledge / Experience:

  • Educated to degree level, or equivalent experience.
  • Legal, Compliance or Regulatory qualifications helpful.
  • Excellent written and verbal interpersonal skills and solid influencing capability across all levels of management and with regulators.
  • Excellent relationship management skills.
  • Able make decisions in a demanding, high-energy environment.
  • Project management skills.
  • Self-aware: Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners.
  • Good team attitude, willing to interact and discuss issues in a team environment.

Competences:

  • A deep understanding of Global Markets products, including rates products, credit products, derivatives products, high yield products, currencies and commodities, acquired through a role in the Business or coverage in a Legal or Compliance function in a major financial institution, accounting or law firm.
  • Genuine interest in the securities markets and banking world, regulation and changing legislation.
  • Experience in dealing with regulators.
  • Sound risk management skills and an ability to apply good judgement, take decisions when required and to intensify when necessary.
  • Flexibility: Take a solution driven perspective, be a keen problem solver and have the dedication to seek answers to complex issues.
  • The ability to synthesise laws, rules and regulations into practice.

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.The company has had a presence in EMEA since 1922. With offices in 19 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch’s responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.

Apply

If you‘re interested in this opportunity please send your details to us by applying online. Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Posting Date: 13/06/2019

Location:
49-51 Rue La Boetie
- France

Full / Part-time: Full time

Hours Per Week: 39

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