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Vice President, GBAM COO - Senior Business Controls Officer

Paris, , France

Job Description:

LOB: GBAM COO

Corporate Title: Vice President

Location: Paris

Role description

Bank of America offers a broad range of products and services across corporate banking, corporate finance and advisory, capital markets, debt and equity sales and trading.

Supporting our Global Markets Sales & Trading teams in the UK & Europe, this position will be based in Paris and will sit within the Business Controls Function – which is part of the GBAM COO organization and is the key control partner for the line of business heads and the front office

Our sales and trading professionals within Global Markets are at the centre of the world's financial markets, providing liquidity, industry-leading insights and analytics, competitive pricing and added value across the spectrum of debt and equity markets. The Supervisory and Control Function is an in-business group providing a range of advisory and execution services for the Global Markets businesses, including analysis and performance of key supervision and control tasks.

Responsibilities:

The role will be responsible for undertaking and supporting business controls activity in the Equities business in Europe, based in Paris. Responsibilities will include:

  • Supporting the management of the Equities business in the strategic understanding and practical mitigation of their control risks and the evolution of the business’ risk culture

  • Understanding and implementing the front office supervision and control arrangements using the firm’s tools (including who is supervising whom, at what activities, how and how well)

  • Performing and documenting any relevant follow up assessments in consultation with the supervisors

  • Ensuring the supervisors are aware of any issues – and are aware of their ongoing responsibilities to supervise

  • Working with Enterprise Control Functions (Operations, Legal and Compliance, Finance, Risk, IT, HR, Audit) to ensure end-to-end processes for all client and trade activity are controlled

  • Working with Enterprise Control functions to improve the quality of the supervisory reports

  • Performing deep-dives into producer activities and the economics and risks of products to identify control weaknesses or gaps in processes and activities and remediating weaknesses

  • Working across the region with the Business Control and COO teams in each country where there is Equities activity to ensure that the supervisory control framework for the business is common and effective in each location and responding to local issues

  • Undertaking programme-wide initiatives to enhance the control framework, such as identification and resolution of Audit Issues, including the managing and implementation of Action Items

The Team

  • Equities BCO consists of 5 people in EMEA, with this role replacing the role in Paris

  • More broadly the Global Markets BCO consists of 12 people currently,  with a Fixed Income BCO situated in Paris

  • The BCO team works across the region, providing local support in London and Paris  and also provide coverage across a number of offices both in Europe and offices in Russia, Dubai, Turkey, Saudi Arabia and South Africa

Core Skills

  • Industry experience in the Global Markets businesses

  • Ability to run complex tasks ; collaborative and analytical approach

  • Strong academic background or equivalent experience

  • Good IT skills and the ability to develop ad hoc solutions

  • Exceptional communication/relationship skills

  • Control mindset: a commitment to ensuring that the business does the right thing

  • Creative thinking: the ability to generate new ideas and possibilities, and to see business opportunities – and risks – with a constructive perspective

  • Consulting skills: an ability to provide added value, including innovative approaches and new or improved solutions

  • Flexibility: the capacity to adapt approach in light of shifting priorities or changing conditions

  • Personal Effectiveness: strong communication, decisiveness, energy, drive, courage and character. A thinker – and a doer

Desirable

  • Fluent in French and English both written and verbal

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.

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:

LOB: GBAM COO

Corporate Title: Vice President

Location: Paris

Role description

Bank of America offers a broad range of products and services across corporate banking, corporate finance and advisory, capital markets, debt and equity sales and trading.

Supporting our Global Markets Sales & Trading teams in the UK & Europe, this position will be based in Paris and will sit within the Business Controls Function – which is part of the GBAM COO organization and is the key control partner for the line of business heads and the front office

Our sales and trading professionals within Global Markets are at the centre of the world's financial markets, providing liquidity, industry-leading insights and analytics, competitive pricing and added value across the spectrum of debt and equity markets. The Supervisory and Control Function is an in-business group providing a range of advisory and execution services for the Global Markets businesses, including analysis and performance of key supervision and control tasks.

Responsibilities:

The role will be responsible for undertaking and supporting business controls activity in the Equities business in Europe, based in Paris. Responsibilities will include:

  • Supporting the management of the Equities business in the strategic understanding and practical mitigation of their control risks and the evolution of the business’ risk culture

  • Understanding and implementing the front office supervision and control arrangements using the firm’s tools (including who is supervising whom, at what activities, how and how well)

  • Performing and documenting any relevant follow up assessments in consultation with the supervisors

  • Ensuring the supervisors are aware of any issues – and are aware of their ongoing responsibilities to supervise

  • Working with Enterprise Control Functions (Operations, Legal and Compliance, Finance, Risk, IT, HR, Audit) to ensure end-to-end processes for all client and trade activity are controlled

  • Working with Enterprise Control functions to improve the quality of the supervisory reports

  • Performing deep-dives into producer activities and the economics and risks of products to identify control weaknesses or gaps in processes and activities and remediating weaknesses

  • Working across the region with the Business Control and COO teams in each country where there is Equities activity to ensure that the supervisory control framework for the business is common and effective in each location and responding to local issues

  • Undertaking programme-wide initiatives to enhance the control framework, such as identification and resolution of Audit Issues, including the managing and implementation of Action Items

The Team

  • Equities BCO consists of 5 people in EMEA, with this role replacing the role in Paris

  • More broadly the Global Markets BCO consists of 12 people currently,  with a Fixed Income BCO situated in Paris

  • The BCO team works across the region, providing local support in London and Paris  and also provide coverage across a number of offices both in Europe and offices in Russia, Dubai, Turkey, Saudi Arabia and South Africa

Core Skills

  • Industry experience in the Global Markets businesses

  • Ability to run complex tasks ; collaborative and analytical approach

  • Strong academic background or equivalent experience

  • Good IT skills and the ability to develop ad hoc solutions

  • Exceptional communication/relationship skills

  • Control mindset: a commitment to ensuring that the business does the right thing

  • Creative thinking: the ability to generate new ideas and possibilities, and to see business opportunities – and risks – with a constructive perspective

  • Consulting skills: an ability to provide added value, including innovative approaches and new or improved solutions

  • Flexibility: the capacity to adapt approach in light of shifting priorities or changing conditions

  • Personal Effectiveness: strong communication, decisiveness, energy, drive, courage and character. A thinker – and a doer

Desirable

  • Fluent in French and English both written and verbal

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.

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-21040639

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Veronique Derissaint

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008