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Trade Surveillance Specialist

Bromley, , United Kingdom;

Job Description:

Job Title: Trade Surveillance Specialist

LOB: Global Risk / Enterprise Independent Testing

Corporate Title: Vice President

Location: Bromley, Dublin or Chester  

The Enterprise Independent Testing team are looking for a Trade Surveillance Specialist to join their established department, with the option for the role to be based in Bromley, Dublin or Chester. This role is responsible for execution of trade surveillance tests aligned to the Global Banking and Markets division, testing trading activity against Market Misconduct behaviours. Trade surveillance testing underpins one of the requirements of the Compliance and Operational Risk Management Framework and is key in the management and mitigation of Market Misconduct Risk. Daily interaction occurs with senior Compliance and Business Supervision management.

Responsibilities:

  • The Testing Specialist may direct entry-level testers, test leaders or directly manage a specialty function

  • This role is accountable for accurate and timely test execution and/or supports operational and administrative initiative activities related to a Testing Functional area including multiple stakeholders

  • Extensive interactions with internal or external contacts to identify, research, analyze and resolve complex problems

  • Daily responsibilities of the Testing Specialist II include execution of test scripts, identifying and documenting defects and providing daily updates to test leads and managers as needed.  This role works closely with Risk, Compliance, and SMEs to conduct testing

  • The Testing Specialist II has intermediate knowledge of test execution and system(s) of record required, and translates business strategy into work programs and processes. This role may contribute and/or participate in multiple special projects

  • Execution of trade surveillance tests aligned to the Global Banking and Markets division, testing trading activity against Market Misconduct behaviours

  • Trade surveillance testing underpins one of the requirements of the Compliance and Operational Risk Management Framework and is key in the management and mitigation of Market Misconduct Risk

  • Daily interaction occurs with senior Compliance and Business Supervision management

The Team:

Enterprise Independent Testing (EIT) is a centralised group within Global Risk Management responsible for independent testing of operational processes within the 8 lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with laws, rules and regulations, and that risk and controls procedures are operating effectively.

The EMEA EIT team is part of the Global Surveillance Testing team within EIT, based in a number of locations in Ireland and the UK, focussing on market misconduct in Fixed Income, Currencies, Commodities, Equities and Corporate Treasury. The Global Surveillance Testing team consists of approx. 100 surveillance associates dispersed over a number of countries, in addition there are around 80 associates supporting the surveillance program based in India.

Core Skills:

  • Proven Business & Functional Experience

  • Bachelor’s Degree or equivalent

  • Knowledge of trading business, markets and products, such as Equities, Commodities, Futures & Options, FX and Fixed Income

  •  Ability to handle multiple projects in a dynamic environment

  • Good understanding of trade surveillance related external laws, rules, regulations (such as EU 596/2014 Article 7 (Inside Information), 8 (Insider Dealing) and 12 (Market Manipulation) & Commission Delegate Regulation 2016/522 Annex (market manipulation, and Markets in Financial Instruments (MiFID II) - Directive 2014/65/EU), internal policies, standards and procedures (such as Market Conduct Risk Framework) and industry guidance

  • Experience of using surveillance tools, such as Actimize and SMARTS

  • Excellent interpersonal,  written and communication skills

  • Intellectual curiosity, anticipate risk and forward 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: Trade Surveillance Specialist

LOB: Global Risk / Enterprise Independent Testing

Corporate Title: Vice President

Location: Bromley, Dublin or Chester  

The Enterprise Independent Testing team are looking for a Trade Surveillance Specialist to join their established department, with the option for the role to be based in Bromley, Dublin or Chester. This role is responsible for execution of trade surveillance tests aligned to the Global Banking and Markets division, testing trading activity against Market Misconduct behaviours. Trade surveillance testing underpins one of the requirements of the Compliance and Operational Risk Management Framework and is key in the management and mitigation of Market Misconduct Risk. Daily interaction occurs with senior Compliance and Business Supervision management.

Responsibilities:

  • The Testing Specialist may direct entry-level testers, test leaders or directly manage a specialty function

  • This role is accountable for accurate and timely test execution and/or supports operational and administrative initiative activities related to a Testing Functional area including multiple stakeholders

  • Extensive interactions with internal or external contacts to identify, research, analyze and resolve complex problems

  • Daily responsibilities of the Testing Specialist II include execution of test scripts, identifying and documenting defects and providing daily updates to test leads and managers as needed.  This role works closely with Risk, Compliance, and SMEs to conduct testing

  • The Testing Specialist II has intermediate knowledge of test execution and system(s) of record required, and translates business strategy into work programs and processes. This role may contribute and/or participate in multiple special projects

  • Execution of trade surveillance tests aligned to the Global Banking and Markets division, testing trading activity against Market Misconduct behaviours

  • Trade surveillance testing underpins one of the requirements of the Compliance and Operational Risk Management Framework and is key in the management and mitigation of Market Misconduct Risk

  • Daily interaction occurs with senior Compliance and Business Supervision management

The Team:

Enterprise Independent Testing (EIT) is a centralised group within Global Risk Management responsible for independent testing of operational processes within the 8 lines of business and enterprise control functions at Bank of America to ensure the company is in compliance with laws, rules and regulations, and that risk and controls procedures are operating effectively.

The EMEA EIT team is part of the Global Surveillance Testing team within EIT, based in a number of locations in Ireland and the UK, focussing on market misconduct in Fixed Income, Currencies, Commodities, Equities and Corporate Treasury. The Global Surveillance Testing team consists of approx. 100 surveillance associates dispersed over a number of countries, in addition there are around 80 associates supporting the surveillance program based in India.

Core Skills:

  • Proven Business & Functional Experience

  • Bachelor’s Degree or equivalent

  • Knowledge of trading business, markets and products, such as Equities, Commodities, Futures & Options, FX and Fixed Income

  •  Ability to handle multiple projects in a dynamic environment

  • Good understanding of trade surveillance related external laws, rules, regulations (such as EU 596/2014 Article 7 (Inside Information), 8 (Insider Dealing) and 12 (Market Manipulation) & Commission Delegate Regulation 2016/522 Annex (market manipulation, and Markets in Financial Instruments (MiFID II) - Directive 2014/65/EU), internal policies, standards and procedures (such as Market Conduct Risk Framework) and industry guidance

  • Experience of using surveillance tools, such as Actimize and SMARTS

  • Excellent interpersonal,  written and communication skills

  • Intellectual curiosity, anticipate risk and forward 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-21052994

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Adrian Michal Zuber

Referral Bonus:

0