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Electronic Trading COR Risk Manager

London, , United Kingdom

Job Description:

Job Title: Electronic Trading COR Risk Manager

Corporate Title:  Vice President

Location: London

Role Description:

  • Identifying and categorizing the risks associated with electronically traded flow.
  • In coordination with the business, technology and control partners establish and/or validate that oversight exists for all identified risks.
  • Ensuring risk oversight feeds into the appropriate governance model. 
  • Reviewing intraday trading limits structure/controls and establishing/validating limit setting logic where necessary.
  • Development of metrics and identification of key performance metrics quantifying the effectiveness of the risk framework. 
  • Reviewing electronically traded flow in the context of system capacity constraints and the operational environment.
  • Reviewing the use of trading algorithms and the associated risk & control framework.
  • Developing a uniform standard for the use of trading algorithm controls taking account trading requirements and market impact.
  • Working with Technology to identify and manage control risks.  Contribute to test planning and deployment as appropriate.
  • Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU and CF activities.
  • Conduct compliance and operational risk assessments of the Electronic Trading FLU, incorporating review of external loss events to assess control effectiveness.
  • Provides independent review and challenge of the FLU’s Risk & Control Self-Assessment (RCSA).
  • Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for the Electronic Trading FLU.
  • Monitor and test the effectiveness of the Electronic Trading FLU compliance and operational risk controls.
  • Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements. Executes and/or provides oversight of governance and management routines.
  • Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect Electronic Trading FLU and third party participation.
  • Provides consultation to business leaders in preparations for regulatory exams and audits for Electronic Trading FLU.
  • Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.
  • Escalate regulatory relations concerns to Compliance and Operational Risk Executive

Core Skills

• Bachelor’s degree;

• Experience in same arena or relevant risk management experience;

• Knowledge of FICC products and market structure;

• Understanding of trade processing systems, technology, and /or infrastructure;

• Is able to independently lead projects and drive change with Senior Business and Risk Management teams;

• Experience covering an Equities and / or FICC Electronic Trading business and has familiarity with the tools, services, marketing and other offerings of such business;

• Quantitative and / or risk management skills / experience;

• Has knowledge of laws, rules, and regulations applicable to order creation, routing, execution and post trade activities and the order management systems and platform infrastructures that support them;

• Has experience with the process of the creation of and changes to algorithms working within an Electronic Trading infrastructure;

• Has experience building or having input into to the creation of surveillance reports and testing models for use in the area of Electronic Trading order and execution flows;

• Has first-hand experience in the area of risk assessment and policy creation across all aspects of Electronic Trading;

• Has experience in building broad Risk and Compliance programs in the area of Electronic Trading.

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:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Electronic Trading COR Risk Manager

Corporate Title:  Vice President

Location: London

Role Description:

  • Identifying and categorizing the risks associated with electronically traded flow.
  • In coordination with the business, technology and control partners establish and/or validate that oversight exists for all identified risks.
  • Ensuring risk oversight feeds into the appropriate governance model. 
  • Reviewing intraday trading limits structure/controls and establishing/validating limit setting logic where necessary.
  • Development of metrics and identification of key performance metrics quantifying the effectiveness of the risk framework. 
  • Reviewing electronically traded flow in the context of system capacity constraints and the operational environment.
  • Reviewing the use of trading algorithms and the associated risk & control framework.
  • Developing a uniform standard for the use of trading algorithm controls taking account trading requirements and market impact.
  • Working with Technology to identify and manage control risks.  Contribute to test planning and deployment as appropriate.
  • Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU and CF activities.
  • Conduct compliance and operational risk assessments of the Electronic Trading FLU, incorporating review of external loss events to assess control effectiveness.
  • Provides independent review and challenge of the FLU’s Risk & Control Self-Assessment (RCSA).
  • Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for the Electronic Trading FLU.
  • Monitor and test the effectiveness of the Electronic Trading FLU compliance and operational risk controls.
  • Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements. Executes and/or provides oversight of governance and management routines.
  • Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect Electronic Trading FLU and third party participation.
  • Provides consultation to business leaders in preparations for regulatory exams and audits for Electronic Trading FLU.
  • Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.
  • Escalate regulatory relations concerns to Compliance and Operational Risk Executive

Core Skills

• Bachelor’s degree;

• Experience in same arena or relevant risk management experience;

• Knowledge of FICC products and market structure;

• Understanding of trade processing systems, technology, and /or infrastructure;

• Is able to independently lead projects and drive change with Senior Business and Risk Management teams;

• Experience covering an Equities and / or FICC Electronic Trading business and has familiarity with the tools, services, marketing and other offerings of such business;

• Quantitative and / or risk management skills / experience;

• Has knowledge of laws, rules, and regulations applicable to order creation, routing, execution and post trade activities and the order management systems and platform infrastructures that support them;

• Has experience with the process of the creation of and changes to algorithms working within an Electronic Trading infrastructure;

• Has experience building or having input into to the creation of surveillance reports and testing models for use in the area of Electronic Trading order and execution flows;

• Has first-hand experience in the area of risk assessment and policy creation across all aspects of Electronic Trading;

• Has experience in building broad Risk and Compliance programs in the area of Electronic Trading.

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-22005793

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ