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Vice President, Testing Specialist

Hong Kong, , Hong Kong

Job Description:

About Bank of America:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Enterprise Independent Testing (“EIT”) is a centralized group within Global Risk Management responsible for independent testing of operational processes within the eight lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with domestic and international laws, rules and regulations, and that risk and controls are operating effectively and as planned.

Bank of America Merrill Lynch is an equal opportunities employer

Position Description

EIT is a centralized group within Global Risk Management responsible for independent testing of operational processes within the eight lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.

This role is responsible for testing execution of tests and surveillances aligned to the Global Banking and Markets (GBAM) division. Daily interaction occurs with senior compliance and supervisory management. The Testing Specialist, under supervision, conducts independent transactional and process testing on a team in support of needs identified by Compliance and Operational Risk Officers. Compliance testing may include activities such as automated surveillance and transaction level testing. The Testing Specialist is accountable for quality testing execution, reporting and analysis of results. This role may participate in test script development and test design. The Testing Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Test Execution function.

Key Responsibilities

  • Conducts independent transactional and process testing on a team in support of identified needs. A test is defined in the Independent Testing Enterprise Policy as “an independent point-in-time examination of one or more processes, controls, policies and procedures or data sources utilized for managing risk to assess the effectiveness of the control environment. A test is focused on answering a specific objective and has a pre-defined pass/fail criteria.” Testing may include activities such as automated surveillance and transaction level testing and may be performed onsite.
  • Quality testing execution, reporting and analysis of results.
  • Participate in test script development and test design.
  • Contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Test Execution function.

Key Requirements

  • 5 years Minimum Business & Functional Experience
  • Bachelor’s Degree or Equivalent
  • Excellent understanding of business, markets and products
  • Ability to handle multiple projects in a dynamic environment
  • Knowledge of specific regulatory environments and trading markets associated with APAC
  • Fluent in both verbal and written English

Desired Skills

  • Familiar with trade surveillance related external laws, rules, regulation (such as FINRA rules, Market Abuse Regulation), internal policies, standards and procedures (such as Market Conduct Risk Framework [38]) and industry guidance (such as best practices from the FICC Markets Standards Board).
  • Experience using surveillance tools such as SMARTS and Actimize Surveillance
  • Excellent interpersonal, written and verbal communication skills
  • Intellectual curiosity, anticipate risk and forward thinking with a mindset to continuously drive to become better

Learn more about this role

Full time

JR-20050457

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Street Address

Primary Location:
51 KWAI CHEONG ROAD, Hong Kong