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Trade Surveillance Analyst - Testing Specialist II

Charlotte, North Carolina;

Job Description:

The Surveillance Testing Specialist II is a role under the Enterprise Independent Testing-Surveillance (EIT) department of Bank of America. The team is responsible for providing subject matter expertise on market misconduct behaviors on various financial products including but not limited to equities, derivatives fixed income and FX to the broader EIT, Global Compliance Team, Global technology team and First Line of defense team to ensure the banks surveillance program is successful and meets all rules and policies.

The successful candidate must have knowledge on various surveillance and market misconduct behaviors such as wash trade, spoofing etc. and should understand the technical challenges associated with financial data and how the quality of the data could impact various surveillance models.

The surveillance testing specialist II will be responsible for conducting the periodic parameter review program in conjunction with EIT, Global Compliance, Technology and the first line unit and ensure all parameters are reviewed and fine-tuned. The candidate will also prepare monthly and quarterly reports to senior management, surveillance governance forum, presenting quantitative and qualitative analysis, charts/graphs on alert efficiency, trending and review of inclusion/exclusion logics with the purpose of identifying bottlenecks in the surveillance and ultimately improving the efficiency and accuracy of the banks surveillance program.

This role will require constant and both high and low level communication skills with various stakeholders involved in the periodic parameter review process. As a result exceptional verbal and written communication skills are a must for this position.


Other Key Responsibilities:

  • Work the broader teams such as reporting and GTO (Global Technology) to capture necessary data for the periodic parameter review program and utilize tools to create statistical models that can make the surveillance program more effective and efficient.
  • Work with GTO and Reporting team to automate manual work and ensure the success of the future automation strategy.
  • The Testing Specialist II is also responsible for conducting a series of programs that focus on managing the proper execution and delegation of surveillance alerts.
  • This individual will be responsible for managing projects that can improve the surveillance program or be in response to a regulatory inquiry.
  • This includes coordinating with line of business and compliance partners to establish the scope of each surveillance alert; analyzing internal and supervisory controls to determine compliance with established standards and rule requirements; providing comprehensive written reports relating to the examinations; and tracking identified issues through completion.
  • Applies knowledge and expertise of surveillance testing programs, industry practices within the business group. Independently conducts assigned responsibilities within the context of the business unit compliance program.


Skills and competencies:

-Effective Verbal Communication
-Business Writing and Acumen
-Strong Business Acumen
-Drives Operational Excellence
-Critical Thinking and Analysis
-Attention to Detail
-Strong Partnership and Influencing Skills
-Collaboration
-Time Management
-Complex Problem Solving
-Judgment and Decision Making

Qualifications and experiences:

  • Minimum of 5+ years work experience. Level based on execution team.
    -Bachelor’s Degree or equivalent experience
  • 5 years of combined compliance, supervisory or trading experience with prior examination history
  • Deep understanding of statistics and the ability to use Microsoft Excel and/or other tools for modelling
  • Deep understanding of risk assessment and testing methodologies and techniques
  • Excellent interpersonal, written and verbal communication skills are essential
  • Excellent analytical skills, time management and knowledge and use of reporting and presentation tools

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Surveillance Testing Specialist II is a role under the Enterprise Independent Testing-Surveillance (EIT) department of Bank of America. The team is responsible for providing subject matter expertise on market misconduct behaviors on various financial products including but not limited to equities, derivatives fixed income and FX to the broader EIT, Global Compliance Team, Global technology team and First Line of defense team to ensure the banks surveillance program is successful and meets all rules and policies.

The successful candidate must have knowledge on various surveillance and market misconduct behaviors such as wash trade, spoofing etc. and should understand the technical challenges associated with financial data and how the quality of the data could impact various surveillance models.

The surveillance testing specialist II will be responsible for conducting the periodic parameter review program in conjunction with EIT, Global Compliance, Technology and the first line unit and ensure all parameters are reviewed and fine-tuned. The candidate will also prepare monthly and quarterly reports to senior management, surveillance governance forum, presenting quantitative and qualitative analysis, charts/graphs on alert efficiency, trending and review of inclusion/exclusion logics with the purpose of identifying bottlenecks in the surveillance and ultimately improving the efficiency and accuracy of the banks surveillance program.

This role will require constant and both high and low level communication skills with various stakeholders involved in the periodic parameter review process. As a result exceptional verbal and written communication skills are a must for this position.


Other Key Responsibilities:

  • Work the broader teams such as reporting and GTO (Global Technology) to capture necessary data for the periodic parameter review program and utilize tools to create statistical models that can make the surveillance program more effective and efficient.
  • Work with GTO and Reporting team to automate manual work and ensure the success of the future automation strategy.
  • The Testing Specialist II is also responsible for conducting a series of programs that focus on managing the proper execution and delegation of surveillance alerts.
  • This individual will be responsible for managing projects that can improve the surveillance program or be in response to a regulatory inquiry.
  • This includes coordinating with line of business and compliance partners to establish the scope of each surveillance alert; analyzing internal and supervisory controls to determine compliance with established standards and rule requirements; providing comprehensive written reports relating to the examinations; and tracking identified issues through completion.
  • Applies knowledge and expertise of surveillance testing programs, industry practices within the business group. Independently conducts assigned responsibilities within the context of the business unit compliance program.


Skills and competencies:

-Effective Verbal Communication
-Business Writing and Acumen
-Strong Business Acumen
-Drives Operational Excellence
-Critical Thinking and Analysis
-Attention to Detail
-Strong Partnership and Influencing Skills
-Collaboration
-Time Management
-Complex Problem Solving
-Judgment and Decision Making

Qualifications and experiences:

  • Minimum of 5+ years work experience. Level based on execution team.
    -Bachelor’s Degree or equivalent experience
  • 5 years of combined compliance, supervisory or trading experience with prior examination history
  • Deep understanding of statistics and the ability to use Microsoft Excel and/or other tools for modelling
  • Deep understanding of risk assessment and testing methodologies and techniques
  • Excellent interpersonal, written and verbal communication skills are essential
  • Excellent analytical skills, time management and knowledge and use of reporting and presentation tools

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21075758

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Aubrey Drake

Referral Bonus:

0