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Director/Vice President, Business Controls – APAC, GCIB COO

HONG KONG ISLAND, , Hong Kong

Job Description:

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.

Business Overview

Our Global Corporate & Investment Banking business focuses on building long-term relationships with more than 6,000 large U.S. and multinational corporations, financial institutions and financial sponsors. We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions.

Job Description

The role revolves around undertaking and supporting supervision and business controls activities in the Global Corporate and Investment Banking (“GCIB”) Business Controls organization for the APAC region.  Candidate must be able to thrive in a fast-paced and high-pressure environment while ensuring the Line of Business (“LOB”) is in compliance with applicable laws/rules, regulations and implementing industry best practices.  Primary responsibilities include:

  • Creating, enhancing and oversight of Front Line Unit (“FLU”) controls and processes that create the framework that makes up the business operating environment, which include the enforcement of the supervisory program

  • Working closely with LOB Supervisors and delegates/support groups in managing the day-to-day supervision infrastructure (e.g., supervisory responsibilities matrices, supervisor alignments, supervisor acknowledgements/attestations, etc.), including performing delegated supervisory tasks as required

  • Performing GCIB centralized functions and QA/monitoring processes (e.g., Pitch Book reviews, Deal File Collection, Relationship Checks, etc.)

  • Maintaining global transparency and consistency (and regional customization where appropriate) of business controls driven processes/controls and supervisory accountabilities, including enhancement of associated documentation (e.g. Written Supervisory Procedures, Desktop procedures/guidelines, etc.)

  • Participating in LOB and programmatic governance routines and internal/external exams, including preparing documentation and contributing towards meeting materials

  • Driving Operational Risk program deliverables on behalf of the FLU/LOB (e.g., Risk and Control Self Assessments, Metrics, Operational Events, etc.)

  • Collaborating with LOB and Control/Support Partner groups (Operations, Legal and Compliance, Finance, Risk, Technology, HR, Audit) to ensure end-to-end processes for all client and deal/transactional activity are controlled, including working with these partners to improve the quality of supervisory reporting/tools and FLU controls/monitoring processes

  • Undertaking program-wide initiatives to enrich the GCIB control framework, including identification/resolution of Audit Issues and performance of deep-dives to identify control weaknesses or gaps in processes/activities requiring remediation

Requirements

  • Strong academic background or equivalent experience

  • An understanding of Global Corporate and Investment Banking products, services and processes

  • Good IT skills (e.g., MS Office tools) and the ability to develop ad hoc solutions

  • Ability to run complex tasks and deploy collaborative and analytical approaches

  • Strong organizational, analytical and communication skills.

  • Exceptional relationship management skills – ability to be comfortable liaising with Senior Business Controls Management, Line of Business Management, and control functions (e.g. Compliance, Audit, Technology, Operations, Human Resources, etc.) to identify potential improvements, develop strategies to implement change, and oversee/manage implementation.

  • May be asked to complete/obtain local licenses

Profile/Skills

  • Self-motivated and results oriented with strong desire to succeed

  • Takes initiative and demonstrates focused desire to drive improvements, including able to deliver results with limited direction and supervision

  • Professional approach with a clear and logical thought process and attention to detail

  • Shows initiative and reacts quickly to changes in priorities with the ability to quickly learn new processes and procedures

  • Excellent verbal and written communication skills with ability to simplify complex information into messages targeted to both targeted groups and large audiences, including various levels of leadership

  • Excellent critical thinking/problem solving skills

  • Ability to make recommendations and provide guidance to effectively advance projects across a globally integrated enterprise

Bank of America is an equal opportunities employer.

Job Band:

H4

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

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.

Business Overview

Our Global Corporate & Investment Banking business focuses on building long-term relationships with more than 6,000 large U.S. and multinational corporations, financial institutions and financial sponsors. We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions.

Job Description

The role revolves around undertaking and supporting supervision and business controls activities in the Global Corporate and Investment Banking (“GCIB”) Business Controls organization for the APAC region.  Candidate must be able to thrive in a fast-paced and high-pressure environment while ensuring the Line of Business (“LOB”) is in compliance with applicable laws/rules, regulations and implementing industry best practices.  Primary responsibilities include:

  • Creating, enhancing and oversight of Front Line Unit (“FLU”) controls and processes that create the framework that makes up the business operating environment, which include the enforcement of the supervisory program

  • Working closely with LOB Supervisors and delegates/support groups in managing the day-to-day supervision infrastructure (e.g., supervisory responsibilities matrices, supervisor alignments, supervisor acknowledgements/attestations, etc.), including performing delegated supervisory tasks as required

  • Performing GCIB centralized functions and QA/monitoring processes (e.g., Pitch Book reviews, Deal File Collection, Relationship Checks, etc.)

  • Maintaining global transparency and consistency (and regional customization where appropriate) of business controls driven processes/controls and supervisory accountabilities, including enhancement of associated documentation (e.g. Written Supervisory Procedures, Desktop procedures/guidelines, etc.)

  • Participating in LOB and programmatic governance routines and internal/external exams, including preparing documentation and contributing towards meeting materials

  • Driving Operational Risk program deliverables on behalf of the FLU/LOB (e.g., Risk and Control Self Assessments, Metrics, Operational Events, etc.)

  • Collaborating with LOB and Control/Support Partner groups (Operations, Legal and Compliance, Finance, Risk, Technology, HR, Audit) to ensure end-to-end processes for all client and deal/transactional activity are controlled, including working with these partners to improve the quality of supervisory reporting/tools and FLU controls/monitoring processes

  • Undertaking program-wide initiatives to enrich the GCIB control framework, including identification/resolution of Audit Issues and performance of deep-dives to identify control weaknesses or gaps in processes/activities requiring remediation

Requirements

  • Strong academic background or equivalent experience

  • An understanding of Global Corporate and Investment Banking products, services and processes

  • Good IT skills (e.g., MS Office tools) and the ability to develop ad hoc solutions

  • Ability to run complex tasks and deploy collaborative and analytical approaches

  • Strong organizational, analytical and communication skills.

  • Exceptional relationship management skills – ability to be comfortable liaising with Senior Business Controls Management, Line of Business Management, and control functions (e.g. Compliance, Audit, Technology, Operations, Human Resources, etc.) to identify potential improvements, develop strategies to implement change, and oversee/manage implementation.

  • May be asked to complete/obtain local licenses

Profile/Skills

  • Self-motivated and results oriented with strong desire to succeed

  • Takes initiative and demonstrates focused desire to drive improvements, including able to deliver results with limited direction and supervision

  • Professional approach with a clear and logical thought process and attention to detail

  • Shows initiative and reacts quickly to changes in priorities with the ability to quickly learn new processes and procedures

  • Excellent verbal and written communication skills with ability to simplify complex information into messages targeted to both targeted groups and large audiences, including various levels of leadership

  • Excellent critical thinking/problem solving skills

  • Ability to make recommendations and provide guidance to effectively advance projects across a globally integrated enterprise

Bank of America is an equal opportunities employer.

Learn more about this role

Full time

JR-21082442

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Benjamin Ming Kwan Yiu

Referral Bonus:

0

Street Address

Primary Location:
2 QUEEN'S RD, HONG KONG ISLAND