girl looking into her desktop
Back to search results

Global Markets Operations Change Management - Business Analyst

London, , United Kingdom

Job Description:

Job Title: Global Markets Operations Change Management – Business Analyst

Corporate Title: Vice President

Location: London

Role Description:

The role will be as a Business Analyst working on the Regulatory EMIR Transaction Reporting Re-write initiative as part of the wider Operations Change and Transformation team within Global Markets. Business analyst is responsible for gathering and analysis of regulatory reporting requirements, documentation and review of requirements with key stakeholders and driving execution of change for Regulatory Transaction Reporting under EMIR. Support OTC derivative reporting requirements related to EMIR, requirements definition and process design/implementation of Transaction Reporting. Co-ordinate and partake in drafting of requirements and process design for control environment changes.

The Team:

The change portfolio includes a mix of strategic, discretionary and mandated initiatives.  The discretionary items aim to improve the client experience, support revenue growth, reduce operating costs, improve processing efficiency/control and support the delivery of new products and services.  Mandates are driven by legal, regulatory, compliance or market changes. The extent of the Change & Transformation team involvement in projects depends on the ownership, nature, scale and complexity of each. For some projects the team manages the initiative from inception through to implementation of the solution. For others, the team is accountable for just part of the project life cycle, such as production of a business case and requirements or co-ordination of user acceptance testing.  In delivering a project, the team works closely with the Global Markets Operations functions, as well as other stakeholders including the Front Office, Technology, Finance, Tax and Treasury. There are multiple streams of work within the Operations Change Transaction Reporting Portfolio which include changes across each LOB to be compliant with various regulations such as MIFID II, EMIR, CFTC, SFTR amongst others.  This role will also involve partnering with our Operations & Technology teams to define and build out solutions for the post implementation gaps including coordination of SIAIs, tail risk co-ordination and delivery.

Skills:

The responsibilities of the successful candidate will include participating in and/or ownership of the following functions:

  • Work with Legal, Compliance, Senior Business Sponsors and Technology teams to derive regulatory and business requirements and produce detailed technical requirements.
  • Drive requirements gathering, documentation and execution related to EMIR Transaction Reporting.
  • Work with internal parties including Business Sponsors, Legal & Compliance, Operations and Technology.
  • Represent BofAML on relevant industry forums where necessary.
  • Identifying and managing project risks and issues
  • Maintain and publish project documentation
  • Running working groups as required
  • Assisting with the implementation of large market mandatory and regulatory projects
  • Documentation of business scenarios and review with business stakeholders
  • Input into acceptance testing scenarios in line with testing strategy where applicable
  • Participating in the continuous improvement of processes and quality standards.

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: Global Markets Operations Change Management – Business Analyst

Corporate Title: Vice President

Location: London

Role Description:

The role will be as a Business Analyst working on the Regulatory EMIR Transaction Reporting Re-write initiative as part of the wider Operations Change and Transformation team within Global Markets. Business analyst is responsible for gathering and analysis of regulatory reporting requirements, documentation and review of requirements with key stakeholders and driving execution of change for Regulatory Transaction Reporting under EMIR. Support OTC derivative reporting requirements related to EMIR, requirements definition and process design/implementation of Transaction Reporting. Co-ordinate and partake in drafting of requirements and process design for control environment changes.

The Team:

The change portfolio includes a mix of strategic, discretionary and mandated initiatives.  The discretionary items aim to improve the client experience, support revenue growth, reduce operating costs, improve processing efficiency/control and support the delivery of new products and services.  Mandates are driven by legal, regulatory, compliance or market changes. The extent of the Change & Transformation team involvement in projects depends on the ownership, nature, scale and complexity of each. For some projects the team manages the initiative from inception through to implementation of the solution. For others, the team is accountable for just part of the project life cycle, such as production of a business case and requirements or co-ordination of user acceptance testing.  In delivering a project, the team works closely with the Global Markets Operations functions, as well as other stakeholders including the Front Office, Technology, Finance, Tax and Treasury. There are multiple streams of work within the Operations Change Transaction Reporting Portfolio which include changes across each LOB to be compliant with various regulations such as MIFID II, EMIR, CFTC, SFTR amongst others.  This role will also involve partnering with our Operations & Technology teams to define and build out solutions for the post implementation gaps including coordination of SIAIs, tail risk co-ordination and delivery.

Skills:

The responsibilities of the successful candidate will include participating in and/or ownership of the following functions:

  • Work with Legal, Compliance, Senior Business Sponsors and Technology teams to derive regulatory and business requirements and produce detailed technical requirements.
  • Drive requirements gathering, documentation and execution related to EMIR Transaction Reporting.
  • Work with internal parties including Business Sponsors, Legal & Compliance, Operations and Technology.
  • Represent BofAML on relevant industry forums where necessary.
  • Identifying and managing project risks and issues
  • Maintain and publish project documentation
  • Running working groups as required
  • Assisting with the implementation of large market mandatory and regulatory projects
  • Documentation of business scenarios and review with business stakeholders
  • Input into acceptance testing scenarios in line with testing strategy where applicable
  • Participating in the continuous improvement of processes and quality standards.

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-21081564

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

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