Back to search results

Vice President, Client Asset Oversight and QA Specialist

Singapore, , Singapore

Job Description:

Your background

An understanding of the regulatory environment operated in APAC, knowledge of the Client Asset regulations is beneficial but not essential.

Ability to analyze control processes to identify key issues e.g. review control processes, map out key controls, identify control gaps and make recommendations.

Ability to influence outside of direct team to facilitate changes to control and regulatory environment.

Excellent Organizational & Multi-tasking skills to support client money reporting and oversight groups.

Ability to deal and communicate at all levels within the organization.

Advanced written, verbal and presentation skills. General knowledge across investment bank operations, products, processes and the associated control environment.

Monitoring and oversight of risk issues, events and metrics

Other Qualifications
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ 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

What you can expect

The candidate forms a key part of the team which is located in Singapore/Hong Kong and covers the testing and monitoring of client asset processes to ensure regulatory compliance for all BofAML APAC Legal entities in scope for Client Asset protection. The candidate would be required to interact with a large number of stakeholders across the firm including operations teams, compliance, legal and internal audit. This role requires enhanced Audit skills , knowledge of investment bank operational processes and a basic understanding of Client Asset Rules.
 

What you will do

•Enhancing and developing the testing strategy for the Global Client Asset Programme;
•Conducting trend analysis and providing risk based heatmaps and reporting to relevant governance committees,
•Executing deep dive risk and control reviews and, monitoring across operational processes which impact Client Asset Compliance;
•Reporting and escalation of incidents identified and management of resolution;
•Maintaining the client asset controls inventory and end to end process flows;
•Chairing the testing and monitoring meeting with key stakeholders;
•Tracking and closing actions that occur as a result of crystalized incidents

•Oversight of risk issues, events and metrics

About Bank of America 
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world 
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies. 
 

Job Band:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

An understanding of the regulatory environment operated in APAC, knowledge of the Client Asset regulations is beneficial but not essential.

Ability to analyze control processes to identify key issues e.g. review control processes, map out key controls, identify control gaps and make recommendations.

Ability to influence outside of direct team to facilitate changes to control and regulatory environment.

Excellent Organizational & Multi-tasking skills to support client money reporting and oversight groups.

Ability to deal and communicate at all levels within the organization.

Advanced written, verbal and presentation skills. General knowledge across investment bank operations, products, processes and the associated control environment.

Monitoring and oversight of risk issues, events and metrics

Other Qualifications
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ 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

What you can expect

The candidate forms a key part of the team which is located in Singapore/Hong Kong and covers the testing and monitoring of client asset processes to ensure regulatory compliance for all BofAML APAC Legal entities in scope for Client Asset protection. The candidate would be required to interact with a large number of stakeholders across the firm including operations teams, compliance, legal and internal audit. This role requires enhanced Audit skills , knowledge of investment bank operational processes and a basic understanding of Client Asset Rules.
 

What you will do

•Enhancing and developing the testing strategy for the Global Client Asset Programme;
•Conducting trend analysis and providing risk based heatmaps and reporting to relevant governance committees,
•Executing deep dive risk and control reviews and, monitoring across operational processes which impact Client Asset Compliance;
•Reporting and escalation of incidents identified and management of resolution;
•Maintaining the client asset controls inventory and end to end process flows;
•Chairing the testing and monitoring meeting with key stakeholders;
•Tracking and closing actions that occur as a result of crystalized incidents

•Oversight of risk issues, events and metrics

About Bank of America 
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world 
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies. 
 

Learn more about this role

Full time

JR-21077309

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Adeline Chan

Referral Bonus:

0

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499