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Compliance and Operational Risk Specialist- FICC FX and LCT coverage

London, , United Kingdom

Job Description:

Job Title: Compliance and Operational Risk Specialist - FICC FX and LCT coverage

LOB: Compliance & Operational Risk

Corporate Title:  VP

Location: London

An opportunity has arisen for a Compliance and Operational Risk Specialist to join our wider Compliance & Operational Risk space in the London office. We are looking for a candidate that has Compliance and/or Operational Risk experience, preferably with Fixed Income product knowledge in particular of the FX market. This will be a unique opportunity to provide primary coverage to a FICC LOB and learn about other LOBs.

Responsibilities will include but not limited to:

  • Develop effective working relations with Front Line Unit (“FLU”) personnel and associated control/support departments in the region

  • Participate in the review and challenge of operational errors to ensure appropriate mitigation actions are captured

  • Provide effective challenge to First Line of Defense and Risk Self Assessments to identify risk and control issues and drive risk mitigation action

  • Participate, as required, in internal investigations into potential breaches of regulatory/exchange requirements or firm policy

  • Participate, as required, in department initiatives in respect of regulatory/exchange developments and impact analysis on the firm’s business and support groups

  • Assist with the review of new business initiatives, including non-standard transactions and desk new product review

  • Assist in preparing for regulatory visits

  • Review potential instances of market abuse when this is brought to your attention by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU, including considering and working on suspicious transaction and order reports

  • Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices

  • Review/update Compliance policies and ensure they are consistent with global and local regulatory practices

  • Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective

  • Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line

  • Keep abreast of regulatory change/developments

The Team:

Primarily responsible, with others, for the provision of day-to-day Compliance & Operational Risk coverage support for designated front line units within the Fixed Income business lines located in London, including: FX and Local Currency Trading (“LCT”), with secondary support for Rates,  Short End Trading (“SET”) and Counterparty Portfolio Management (“CPM”).  

Core Skills:

  • Bachelor’s degree or equivalent

  • 5 years’ experience in a financial or similar environment

  • Ability to work independently in a pressurised environment

  • Confident  inter personal skills

  • Communicates with impact

  • Acts with courage and conviction

  • Demonstrates business acumen

  • Drives operational excellence

  • Applies critical thinking

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.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Compliance and Operational Risk Specialist - FICC FX and LCT coverage

LOB: Compliance & Operational Risk

Corporate Title:  VP

Location: London

An opportunity has arisen for a Compliance and Operational Risk Specialist to join our wider Compliance & Operational Risk space in the London office. We are looking for a candidate that has Compliance and/or Operational Risk experience, preferably with Fixed Income product knowledge in particular of the FX market. This will be a unique opportunity to provide primary coverage to a FICC LOB and learn about other LOBs.

Responsibilities will include but not limited to:

  • Develop effective working relations with Front Line Unit (“FLU”) personnel and associated control/support departments in the region

  • Participate in the review and challenge of operational errors to ensure appropriate mitigation actions are captured

  • Provide effective challenge to First Line of Defense and Risk Self Assessments to identify risk and control issues and drive risk mitigation action

  • Participate, as required, in internal investigations into potential breaches of regulatory/exchange requirements or firm policy

  • Participate, as required, in department initiatives in respect of regulatory/exchange developments and impact analysis on the firm’s business and support groups

  • Assist with the review of new business initiatives, including non-standard transactions and desk new product review

  • Assist in preparing for regulatory visits

  • Review potential instances of market abuse when this is brought to your attention by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU, including considering and working on suspicious transaction and order reports

  • Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices

  • Review/update Compliance policies and ensure they are consistent with global and local regulatory practices

  • Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective

  • Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line

  • Keep abreast of regulatory change/developments

The Team:

Primarily responsible, with others, for the provision of day-to-day Compliance & Operational Risk coverage support for designated front line units within the Fixed Income business lines located in London, including: FX and Local Currency Trading (“LCT”), with secondary support for Rates,  Short End Trading (“SET”) and Counterparty Portfolio Management (“CPM”).  

Core Skills:

  • Bachelor’s degree or equivalent

  • 5 years’ experience in a financial or similar environment

  • Ability to work independently in a pressurised environment

  • Confident  inter personal skills

  • Communicates with impact

  • Acts with courage and conviction

  • Demonstrates business acumen

  • Drives operational excellence

  • Applies critical thinking

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.

Learn more about this role

Full time

JR-21034349

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Adrian Michal Zuber

Referral Bonus:

0

Street Address

Primary Location:
2 King Edward St, London, EC1A 1HQ