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Assitant Vice President, Country Compliance and Operational Risk Manager

Tokyo, JP

Job Description:

Your background

  • Experience in financial services (involvement in Compliance advisory role or surveillance role preferred) or regulatory background
  • Exposure to compliance or risk management frameworks
  • Exposure to wide variety of financial instruments types, both exchange traded and OTC
  • Understanding of core business lines (especially Equities) and products
  • Practical approach to problem solving
  • Ability to work well in a team and also independently
  • Demonstrate intellectual curiosity and focused on continuous learning and skill development
  • Ability to effectively engage with stakeholders at all levels of seniority
  • Strong written and verbal communication skills
  • Proficient in Microsoft Office, in particular Word, Excel and PowerPoint
  • Must be able to perform well under pressure
  • Strong attention to detail and accuracy

What you can expect

  • The Compliance and Operational Risk (C&OR) Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance and operational risks in coverage Business and related operations in alignment with the global compliance and operational policies and the program.
  • Proactively engage with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage, to provide comprehensive oversight of the business’ respective operations and activities.
  • This role reports to the Head of Compliance and Operational Risk in Japan, and works inside, and is part of, the critical compliance and operational risk function.
  • The Compliance officer in this role will be mainly responsible for the compliance coverage of Equities related business.

What you will do

  • Develops and maintains C&OR-owned policies and standards and/or provides oversight of business-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
  • Monitors the regulatory environment to identify regulatory changes applicable to areas of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory
  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on business-owned issues and control enhancements
  • Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely
  • Contributes to development of risk coverage plans, executes execution of monitoring, testing and risk assessments, communicates results to stakeholders
  • Reviews and challenges contributions to the business process, risk, control inventory and Risk & Control Self-Assessments
  • Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate
  • Participate in trade surveillance development including test development and model/parameter review

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:

36.25

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • Experience in financial services (involvement in Compliance advisory role or surveillance role preferred) or regulatory background
  • Exposure to compliance or risk management frameworks
  • Exposure to wide variety of financial instruments types, both exchange traded and OTC
  • Understanding of core business lines (especially Equities) and products
  • Practical approach to problem solving
  • Ability to work well in a team and also independently
  • Demonstrate intellectual curiosity and focused on continuous learning and skill development
  • Ability to effectively engage with stakeholders at all levels of seniority
  • Strong written and verbal communication skills
  • Proficient in Microsoft Office, in particular Word, Excel and PowerPoint
  • Must be able to perform well under pressure
  • Strong attention to detail and accuracy

What you can expect

  • The Compliance and Operational Risk (C&OR) Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance and operational risks in coverage Business and related operations in alignment with the global compliance and operational policies and the program.
  • Proactively engage with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage, to provide comprehensive oversight of the business’ respective operations and activities.
  • This role reports to the Head of Compliance and Operational Risk in Japan, and works inside, and is part of, the critical compliance and operational risk function.
  • The Compliance officer in this role will be mainly responsible for the compliance coverage of Equities related business.

What you will do

  • Develops and maintains C&OR-owned policies and standards and/or provides oversight of business-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
  • Monitors the regulatory environment to identify regulatory changes applicable to areas of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory
  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on business-owned issues and control enhancements
  • Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely
  • Contributes to development of risk coverage plans, executes execution of monitoring, testing and risk assessments, communicates results to stakeholders
  • Reviews and challenges contributions to the business process, risk, control inventory and Risk & Control Self-Assessments
  • Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate
  • Participate in trade surveillance development including test development and model/parameter review

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-22025931

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Mitesh Rathod

Referral Bonus:

0

Street Address

Primary Location:
1-4-1 NIHONBASHI, CHUO-KU, Tokyo, 103-8230