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SCTO Risk & Quality Assurance Control Specialist

London, , United Kingdom

Job Description:

Job Title: SCTO Risk & Quality Assurance Control Specialist

LOB: Securities Core Trading Operations – COO Risk and Control

Corporate Title: Vice President

Location: London

The ‘SCTO’ Securities Core Trading Operations Risk & QA team provide independent assessment/monitoring of risk and control issues across Securities & Equities Operations. This role will support the Global Regulatory Resiliency team within SCTO Risk & QA. The team is responsible for the gathering and analyzing of data, process mapping, assessment of operational readiness and risk scenarios, due diligence of process controls and coordination of regulatory required information to complete documents required under the U.S. Dodd Frank 165D plan, the FDIC Covered Insured Depository Institution plan and U.K. PRA rules concerning Financial Institution transparency of operational processes and interdependency among affiliates.
 

Responsibilities will include but not limited to:

  • Partnering with the global operations teams to gather and analyze key information supporting regulatory initiatives & exams. 

  • Ensuring consistency of information with other LOBs for senior Operations leadership

  • Participating in Firm Wide initiatives (REIs) to achieve regulatory requirements

  • Identification of interdependencies across affiliates related to:

    • Personnel

    • Applications

    • Vendors

    • Facilities/Real Estate

  • Preparing playbooks for the following purposes:

    • Financial Market Utilities (FMU) stress situations involving BAC

    • Global Banking and Markets (GBAM) Wind Down during both runway and resolution phases

    • UK Entity Solvent Wind Down specific for UK regulators

    • Reviewing Asset Traceability process/data for client assets

    • Providing draft and final documents to discussion with senior Operations Leadership

  • Supporting leadership in the development & maintenance of business continuity planning

Core Skills:

  • The candidate will require demonstrable experience of working in an Operations environment.

  • Regulatory, audit or risk/control experience is also desirable
    Analysis skills (data and process) - Ability to analyze data/processes and create professional, clear and concise presentation documents, including process maps, that identify key issues/controls, identify process/control gaps and provide meaningful information to satisfy regulatory requirements

  • Influence - Ability to influence LOBs to facilitate accurate and complete representations of the process and control environment.  Ability to challenge in a firm but non-confrontational manner 

  • Organizational Skills - Excellent organizational & multi-tasking skills to support resolution and recovery process while at same time addressing variety of ad-hoc requests and issues as they arise.  

  • Ability to work to tight deadlines and produce accurate and complete analysis

  • Communication - Ability to deal and communicate at all levels within the organization. Advanced written, verbal and presentational skills. Ability to discuss and defend Resolution and Recovery opinions to senior management and product line SMEs

  • Control policy – Detailed understanding of operations support processes, procedures, controls and practices.

  • Product experience - Knowledge across operations product processes and control environment

  • Regulatory environment – understanding of the regulatory environment as it applies to the local jurisdiction specifically for Resolution and Recovery

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: SCTO Risk & Quality Assurance Control Specialist

LOB: Securities Core Trading Operations – COO Risk and Control

Corporate Title: Vice President

Location: London

The ‘SCTO’ Securities Core Trading Operations Risk & QA team provide independent assessment/monitoring of risk and control issues across Securities & Equities Operations. This role will support the Global Regulatory Resiliency team within SCTO Risk & QA. The team is responsible for the gathering and analyzing of data, process mapping, assessment of operational readiness and risk scenarios, due diligence of process controls and coordination of regulatory required information to complete documents required under the U.S. Dodd Frank 165D plan, the FDIC Covered Insured Depository Institution plan and U.K. PRA rules concerning Financial Institution transparency of operational processes and interdependency among affiliates.
 

Responsibilities will include but not limited to:

  • Partnering with the global operations teams to gather and analyze key information supporting regulatory initiatives & exams. 

  • Ensuring consistency of information with other LOBs for senior Operations leadership

  • Participating in Firm Wide initiatives (REIs) to achieve regulatory requirements

  • Identification of interdependencies across affiliates related to:

    • Personnel

    • Applications

    • Vendors

    • Facilities/Real Estate

  • Preparing playbooks for the following purposes:

    • Financial Market Utilities (FMU) stress situations involving BAC

    • Global Banking and Markets (GBAM) Wind Down during both runway and resolution phases

    • UK Entity Solvent Wind Down specific for UK regulators

    • Reviewing Asset Traceability process/data for client assets

    • Providing draft and final documents to discussion with senior Operations Leadership

  • Supporting leadership in the development & maintenance of business continuity planning

Core Skills:

  • The candidate will require demonstrable experience of working in an Operations environment.

  • Regulatory, audit or risk/control experience is also desirable
    Analysis skills (data and process) - Ability to analyze data/processes and create professional, clear and concise presentation documents, including process maps, that identify key issues/controls, identify process/control gaps and provide meaningful information to satisfy regulatory requirements

  • Influence - Ability to influence LOBs to facilitate accurate and complete representations of the process and control environment.  Ability to challenge in a firm but non-confrontational manner 

  • Organizational Skills - Excellent organizational & multi-tasking skills to support resolution and recovery process while at same time addressing variety of ad-hoc requests and issues as they arise.  

  • Ability to work to tight deadlines and produce accurate and complete analysis

  • Communication - Ability to deal and communicate at all levels within the organization. Advanced written, verbal and presentational skills. Ability to discuss and defend Resolution and Recovery opinions to senior management and product line SMEs

  • Control policy – Detailed understanding of operations support processes, procedures, controls and practices.

  • Product experience - Knowledge across operations product processes and control environment

  • Regulatory environment – understanding of the regulatory environment as it applies to the local jurisdiction specifically for Resolution and Recovery

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-21047867

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Craig Roche

Referral Bonus:

0

Street Address

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