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Vice President, Head of Global Markets Operations, Malaysia

Kuala Lumpur, , Malaysia

Job Description:

Your background

  • Thorough understanding of FX, Fixed Income, Money Market and FICC derivative products 

  • Thorough understanding of the Malaysian banking and securities regulatory environment 

  • Advanced knowledge of Malaysian payments and fixed income settlement systems

  • Proven leadership ability, having managed a team of similar size within the Markets Operations department of a, preferably, International bank 

  • Strong interpersonal and overall communication skills (written and verbal)

  • Must demonstrate strong collaboration and stakeholder engagement skills

  • Significant experience delivering change and a track record of identifying process improvement

  • Proven ability to develop staff for future leadership and career advancement

  • Focus on completeness, accuracy and timeliness of manual processes, including proposing and implementing best practices to mitigate risk.

Other Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

The Head of GMO for the Malaysia branch will have overall responsibility for the Operations team that supports the Global Markets (FICC) business in Malaysia. The Head of GMO will manage a team of 9 other staff that cover operational processes spanning the full trade life-cycle supporting FX, bonds, Money Markets (Corporate Treasury) and some FICC derivative products (IRS & CCS).

The Head of GMO will report to the Head of Global Markets Operations for South Asia Branches (offshore) and serve as the first point of contact for various Front Office and support groups.

The Head of GMO will be integral to the success of the Malaysia Global Markets business as well as setting the culture of the GMO team – one that helps to deliver for clients while responsibly managing risk and complying with all enterprise and regulatory requirements.

The role requires a proven market leader who practices operational best standards, thinks strategically, communicates effectively and with impact, is able to engage with senior and junior stakeholders in a seamless manner, has a thorough understanding of the Malaysian regulatory environment and local financial market systems, and possesses a strong ability to develop and grow staff.

What you will do

  • Overseeing the core functionality of the a team that covers processes relating to onboarding, AML / KYC, trades processing, settlements, reconciliations, regulatory reporting across FX, bonds, Money Markets (Corporate Treasury) and some FICC derivative products (IRS & CCS).

  • Ensuring that the team is complying with GMO & enterprise requirements and standards, as well as all applicable Laws, Rules and Regulations

  • Ensuring that the BofA GMO and enterprise risk framework is in place and adhered to 

  • Serving as the first point of contact for Front Office, Compliance, Risk & Control, Malaysia Country Management, Regional GMO Management, technology, HR, internal and external Audit, and occasional regulatory engagement

  • Engage closely with Malaysia Banking Operations, and other GMO leaders from APAC branches and hub locations

  • Responsible for resource planning, performance management and career development managing a team of 9 other GMO staff

  • Driving change programs in collaboration with technology and other partners. Projects may result from business enablement, regulatory requirements or simplification and improvement / operational excellence opportunities

  • Identifying areas for operational process improvement that help to increase efficiency, reduce risk and cost

  • Responsible for driving continuous staff development, increasing bench strength and resiliency across the team and ensuring all roles have clear succession plans in place

  • Being a catalyst for staff engagement and creating a diverse and inclusive workplace where people are comfortable to bring their whole selves to work. 

  • Developing a culture of operational best practice, operational excellence, intellectual curiosity and empowerment.

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 19 cities 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. 

Job Band:

H5

Shift: 

Hours Per Week:

39

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • Thorough understanding of FX, Fixed Income, Money Market and FICC derivative products 

  • Thorough understanding of the Malaysian banking and securities regulatory environment 

  • Advanced knowledge of Malaysian payments and fixed income settlement systems

  • Proven leadership ability, having managed a team of similar size within the Markets Operations department of a, preferably, International bank 

  • Strong interpersonal and overall communication skills (written and verbal)

  • Must demonstrate strong collaboration and stakeholder engagement skills

  • Significant experience delivering change and a track record of identifying process improvement

  • Proven ability to develop staff for future leadership and career advancement

  • Focus on completeness, accuracy and timeliness of manual processes, including proposing and implementing best practices to mitigate risk.

Other Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What you can expect

The Head of GMO for the Malaysia branch will have overall responsibility for the Operations team that supports the Global Markets (FICC) business in Malaysia. The Head of GMO will manage a team of 9 other staff that cover operational processes spanning the full trade life-cycle supporting FX, bonds, Money Markets (Corporate Treasury) and some FICC derivative products (IRS & CCS).

The Head of GMO will report to the Head of Global Markets Operations for South Asia Branches (offshore) and serve as the first point of contact for various Front Office and support groups.

The Head of GMO will be integral to the success of the Malaysia Global Markets business as well as setting the culture of the GMO team – one that helps to deliver for clients while responsibly managing risk and complying with all enterprise and regulatory requirements.

The role requires a proven market leader who practices operational best standards, thinks strategically, communicates effectively and with impact, is able to engage with senior and junior stakeholders in a seamless manner, has a thorough understanding of the Malaysian regulatory environment and local financial market systems, and possesses a strong ability to develop and grow staff.

What you will do

  • Overseeing the core functionality of the a team that covers processes relating to onboarding, AML / KYC, trades processing, settlements, reconciliations, regulatory reporting across FX, bonds, Money Markets (Corporate Treasury) and some FICC derivative products (IRS & CCS).

  • Ensuring that the team is complying with GMO & enterprise requirements and standards, as well as all applicable Laws, Rules and Regulations

  • Ensuring that the BofA GMO and enterprise risk framework is in place and adhered to 

  • Serving as the first point of contact for Front Office, Compliance, Risk & Control, Malaysia Country Management, Regional GMO Management, technology, HR, internal and external Audit, and occasional regulatory engagement

  • Engage closely with Malaysia Banking Operations, and other GMO leaders from APAC branches and hub locations

  • Responsible for resource planning, performance management and career development managing a team of 9 other GMO staff

  • Driving change programs in collaboration with technology and other partners. Projects may result from business enablement, regulatory requirements or simplification and improvement / operational excellence opportunities

  • Identifying areas for operational process improvement that help to increase efficiency, reduce risk and cost

  • Responsible for driving continuous staff development, increasing bench strength and resiliency across the team and ensuring all roles have clear succession plans in place

  • Being a catalyst for staff engagement and creating a diverse and inclusive workplace where people are comfortable to bring their whole selves to work. 

  • Developing a culture of operational best practice, operational excellence, intellectual curiosity and empowerment.

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 19 cities 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. 

Learn more about this role

Full time

JR-21036487

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Marion Cecile Gouilly (グイー マリオン セシル)

Referral Bonus:

0

Street Address

Primary Location:
67 JALAN RAJA CHULAN, Kuala Lumpur, 50200