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EAC Compliance & Operational Risk - Director - Equity Aggregation

London, United Kingdom

Job Description:

Job Title: EAC Compliance & Operational Risk Manager

LOB: Global Compliance

Corporate Title: Director

Location: London

The Non-Financial Regulatory Reporting (NFRR) Center is responsible for the consistent application of interpretation, data sourcing, preparation, governance and oversight of regulatory reports. The Regulatory Reporting & Operations (NFRR RR&O) group within the NFRR Center is responsible for centralizing and managing consistent Regulatory Reporting function including aligning NFRR reports to the target state in accordance with NFRR technology blue print leveraging interpretations laid out in the data dictionaries.

Here in our London office, the NFRR RR&O function is looking for a senior leader for the EAC Compliance & Operational Risk Manager role to lead the Global Equity Aggregation Team (GREAT). You will be responsible for oversight of global team of associates to manage substantial shareholdings, takeovers, residual short positions and other regulatory position limits reporting.


  • Leading the execution of all regulatory reporting obligations aligned to substantial shareholdings, takeovers, short positions and other regulatory position limits in EMEA, Asia Pacific and Americas regions
  • Providing leadership to a global team of more than 15 specialized associates, including developing, motivating and coaching talent
  • Overseeing the processes undertaken to reconcile transaction, and position data in preparation for disclosure notices
  • Acting as escalation point to resolve issues arising from disclosures and discussing such issues with global Compliance staff and other internal risk groups
  • Partnering with regulatory change teams to implement all relevant regulatory laws and reporting requirements affecting GREAT systems and processes (e.g. MAR, Singapore SSR, Brazil CVM)
  • Acting as the key point of contact for Front office, Operations and Technology teams on relevant initiatives, from a regulatory reporting perspective, in order to improve systems and data
  • Representing GREAT at internal committees and governance forums covering operational, regulatory and market risks aligned to reporting
  • Maintaining key business relationships with Senior Equity and FICC trading desks and product team managers conducting trading activity in scope for regulatory reporting
  • Working closely with Line of Business Compliance & Legal on complex transactions including IPO, secondary offering and M&A in order to ensure the execution of accurate and complete disclosures
  • Promoting global consistency and efficiency of processes across the regions to ensure region by region programme requirements meet the overall global strategy and plan
  • Supporting the continuous enhancements programme/ data quality project to streamline existing processes, strengthen controls and upgrade systems by ensuring issues are correctly prioritised, tested and implemented
  • Building meaningful management information including KRI’s/ KPI’s to support intelligent decision making
  • Championing the team’s continuous development of regulatory SME including  knowledge base of the bank products and their relevance to disclosure reporting and monitoring duties
  • Keeping up to date with regulatory developments/proposed legislative changes and contributing to industry groups

Core skills:

  • Educated to Bachelor degree level and/or equivalent experience/qualifications
  • Excellent knowledge of Financial Markets, Banking Industry and products or significant exposure to equities products within a similar environment
  • Demonstrable people management experience
  • Excellent oral and written communication skills
  • Highly motivated with an organised work style and the ability to work calmly in a high energy environment
  • Excellent interpersonal skills with all levels of employees
  • Discrete when handling confidential information
  • Able to demonstrate a high level of integrity with a mature approach to work
  • Experience in a Regulatory Reporting environment or exposure to position/transaction processes/life-cycle, including involvement in building new systems to meet complex reporting requirements, is helpful
  • FINRA Series 24 certification or similar major global supervisory certification preferred

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment 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 mind-set 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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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