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Operational Risk and Control Risk Manager

Chester, , United Kingdom

Job Description:

Job Title: Operational Risk and Control Risk Manager

LOB: Global Market Operations

Corporate Title: Vice President

Location: Chester

The Global Markets Operations (GMO) team, perform end to end trade control, confirmation and settlements services across Global Markets Fixed Income Cash and Derivatives businesses. The teams provide pre- and post-trade services such as trade assistance, support, and control, electronic matching services, pre-settlement and Post – Settlement services, Over the Counter (OTC) derivative confirmation support, Commodities Operations support and the teams also support syndicated traded loans globally.

The Operational Risk and Control Team provides Governance and Operational Risk Oversight support to the GMO organization globally. Primary responsibilities include Risk and Control support, issue management, Ops Loss reporting, Policy guidance, Metric design and Management reporting. Associates should have a good working knowledge of fixed income and/or equity products and their corresponding lifecycles. Our associates are expected to collaborate with our support partners to maintain, develop, and implement effective globally uniform workflow controls.

We seek individual contributors with good control mindset and some experience with Global Markets products. Prior experience working in Global Markets Trade Control, Operations, Settlements, Finance, Compliance or Operational Risk Control.


 

Responsibilities will include but not limited to:

  • Responsible for supporting, maintaining, and enhancing the overall Risk and Control Framework;

  • Facilitating the monthly risk reporting governance process across all LOB teams to ensure alignment and appropriate escalation to the Monthly SLT Risk Forum.

  • Assist with the evaluation and assessment process in support of the Operations Risk Control Self Assessments and corresponding business line support;

  • Provide guidance for alignment with evolving SPI/ PRC and Ops Ex requirements;

  • Support GMO management team globally on ad hoc initiatives;

  • Support Risk Leads and Managers in effectively challenging lines of business performance and effectiveness reviews;

  • Support Operations teams during internal audits, GCOR Targeted Risk Assessments, Operational Risk Assessments and Regulatory reviews with regard to LOB, MI and controls.  

  • Strive to embed a risk awareness culture across the Global Markets Core Operations.

  • This individual contributor role will have regular interaction with a broad range of stakeholders, including management in Global Markets Core Operations, Compliance and Operational Risk, and Business Controls Monitoring & Reporting (BCMR).

Core Skills:

  • Demonstrable experience in business, finance or accounting disciplines;

  • Analytical skills with ability to critically evaluate the information, reconcile variances and present data in a coherent manner

  • Project management skills, including the ability to prioritize work and meet deadlines

  • Team player with the ability to take the initiative and ownership of tasks and operate effectively in a global organization

  • Outstanding communication skills, including ability to effectively influence outcomes.

  • Experience in Global Markets Operations or Risk Control function is preferred

  • 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.

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:

0

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Operational Risk and Control Risk Manager

LOB: Global Market Operations

Corporate Title: Vice President

Location: Chester

The Global Markets Operations (GMO) team, perform end to end trade control, confirmation and settlements services across Global Markets Fixed Income Cash and Derivatives businesses. The teams provide pre- and post-trade services such as trade assistance, support, and control, electronic matching services, pre-settlement and Post – Settlement services, Over the Counter (OTC) derivative confirmation support, Commodities Operations support and the teams also support syndicated traded loans globally.

The Operational Risk and Control Team provides Governance and Operational Risk Oversight support to the GMO organization globally. Primary responsibilities include Risk and Control support, issue management, Ops Loss reporting, Policy guidance, Metric design and Management reporting. Associates should have a good working knowledge of fixed income and/or equity products and their corresponding lifecycles. Our associates are expected to collaborate with our support partners to maintain, develop, and implement effective globally uniform workflow controls.

We seek individual contributors with good control mindset and some experience with Global Markets products. Prior experience working in Global Markets Trade Control, Operations, Settlements, Finance, Compliance or Operational Risk Control.


 

Responsibilities will include but not limited to:

  • Responsible for supporting, maintaining, and enhancing the overall Risk and Control Framework;

  • Facilitating the monthly risk reporting governance process across all LOB teams to ensure alignment and appropriate escalation to the Monthly SLT Risk Forum.

  • Assist with the evaluation and assessment process in support of the Operations Risk Control Self Assessments and corresponding business line support;

  • Provide guidance for alignment with evolving SPI/ PRC and Ops Ex requirements;

  • Support GMO management team globally on ad hoc initiatives;

  • Support Risk Leads and Managers in effectively challenging lines of business performance and effectiveness reviews;

  • Support Operations teams during internal audits, GCOR Targeted Risk Assessments, Operational Risk Assessments and Regulatory reviews with regard to LOB, MI and controls.  

  • Strive to embed a risk awareness culture across the Global Markets Core Operations.

  • This individual contributor role will have regular interaction with a broad range of stakeholders, including management in Global Markets Core Operations, Compliance and Operational Risk, and Business Controls Monitoring & Reporting (BCMR).

Core Skills:

  • Demonstrable experience in business, finance or accounting disciplines;

  • Analytical skills with ability to critically evaluate the information, reconcile variances and present data in a coherent manner

  • Project management skills, including the ability to prioritize work and meet deadlines

  • Team player with the ability to take the initiative and ownership of tasks and operate effectively in a global organization

  • Outstanding communication skills, including ability to effectively influence outcomes.

  • Experience in Global Markets Operations or Risk Control function is preferred

  • 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.

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-21073696

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE