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Director, Senior Country Compliance and Operational Risk Manager

Bangkok, , Thailand

Job Description:

Your background

  • Compliance and Operational Risk (C&OR) is a centralized group within Global Risk Management responsible for identifying, escalating and mitigating compliance and operational risk to ensure the Bank is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.
  • We are looking for a Compliance and Operational Risk Director who has good understanding and subject matter expertise of the regulations applicable to wholesale banking business of the foreign bank operating in Thailand, and the key elements of the Compliance and Operational risk framework coupled with an ability to lead the C&OR team in the country. This role requires leadership skills, ability to challenge the norms, effective communication skills and provide independent opinions based on facts and critical analysis.

Qualifications - Bachelor’s Degree or equivalent experience with 10 years of experience in managing the Compliance and Operational risk.

Language - Proficiency in local language and English is required.

What you can expect

Thailand Country Compliance Director role is will be responsible for executing the compliance and operational risk program in Bank of America N.A. Bangkok Branch office (Bank) and securities entity of BofA group. The individual will work with the respective lines of business and legal entity management to ensure that business is conducted in compliance with the applicable laws, regulations and compliance policies. The Country Compliance Director will report to the Head of Compliance and Operational Risk for South East Asia.

What you will do

  • Identifying, communicating and providing compliance guidance for the Laws, Rules and Regulations applicable to Fixed Income and Currencies (FICC), Global Transaction Services (GTS), Corporate Banking (CBK), Investment Banking (IBK), Global Wholesale Banking Operations (GWBO) and Global Markets Operations (GMO).
  • Liaising with country leadership, senior management and functional leaders alongside horizontal compliance teams [such enterprise areas of compliance teams (EACs) / Financial Crimes Compliance (GFC) / Regional Front Line Unit (FLU) Compliance teams] and other Control Functions such as Risk to provide oversight of FLU and Control Function (CF) activities.
  • Working with Product, Sales, Operations and Technology teams to review risks associated with ongoing product management and new products implementation.
  • Leading the Thailand Compliance and Operational Risk (C&OR) team across various treasury, trade product and corporate banking discussions at country level and at Governance Committees, and provide independent view and advice in the governance forum on the matters having bearing on regulatory, reputational or operational risk.
  • Providing updates on the state of compliance and operational risk using certain key metrics, issues, significant regulatory changes, outcome of C&OR reviews and help senior management drive the compliance culture in the country.
  • Implementing Enterprise Compliance and Operational Risk framework consistently across FICC, GTS, CBK, IBK, GWBO and GMO.
  • Developing the monitoring & testing coverage plans and executing them in line with local and enterprise requirements.
  • Conducting Compliance and Operational Risk Assessments for these businesses, identifying risk issues and escalating them in a timely manner to ensure sustainable remediation.
  • Developing role based compliance training coverage plans to address the business needs.
  • Engaging with regulators such as Bank of Thailand (“BOT”) / Securities and Exchange Commission (“SEC”) periodically and developing good professional relationship. Managing regulatory inquiries and exams / inspections in a timely and efficient manner, and escalating key issues appropriately.
  • Support in the design and implementation of the Operational Risk Framework for FICC, GTS, CBK, IBK, GWBO and GMO.
  • Independently and holistically assess the Conduct related issue of the C&OR owned policies, provide appropriate recommendation and maintain record of such issues and disposition.

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:

H4

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • Compliance and Operational Risk (C&OR) is a centralized group within Global Risk Management responsible for identifying, escalating and mitigating compliance and operational risk to ensure the Bank is in compliance with domestic and international laws, rules and regulations, and that risk and controls procedures are operating effectively.
  • We are looking for a Compliance and Operational Risk Director who has good understanding and subject matter expertise of the regulations applicable to wholesale banking business of the foreign bank operating in Thailand, and the key elements of the Compliance and Operational risk framework coupled with an ability to lead the C&OR team in the country. This role requires leadership skills, ability to challenge the norms, effective communication skills and provide independent opinions based on facts and critical analysis.

Qualifications - Bachelor’s Degree or equivalent experience with 10 years of experience in managing the Compliance and Operational risk.

Language - Proficiency in local language and English is required.

What you can expect

Thailand Country Compliance Director role is will be responsible for executing the compliance and operational risk program in Bank of America N.A. Bangkok Branch office (Bank) and securities entity of BofA group. The individual will work with the respective lines of business and legal entity management to ensure that business is conducted in compliance with the applicable laws, regulations and compliance policies. The Country Compliance Director will report to the Head of Compliance and Operational Risk for South East Asia.

What you will do

  • Identifying, communicating and providing compliance guidance for the Laws, Rules and Regulations applicable to Fixed Income and Currencies (FICC), Global Transaction Services (GTS), Corporate Banking (CBK), Investment Banking (IBK), Global Wholesale Banking Operations (GWBO) and Global Markets Operations (GMO).
  • Liaising with country leadership, senior management and functional leaders alongside horizontal compliance teams [such enterprise areas of compliance teams (EACs) / Financial Crimes Compliance (GFC) / Regional Front Line Unit (FLU) Compliance teams] and other Control Functions such as Risk to provide oversight of FLU and Control Function (CF) activities.
  • Working with Product, Sales, Operations and Technology teams to review risks associated with ongoing product management and new products implementation.
  • Leading the Thailand Compliance and Operational Risk (C&OR) team across various treasury, trade product and corporate banking discussions at country level and at Governance Committees, and provide independent view and advice in the governance forum on the matters having bearing on regulatory, reputational or operational risk.
  • Providing updates on the state of compliance and operational risk using certain key metrics, issues, significant regulatory changes, outcome of C&OR reviews and help senior management drive the compliance culture in the country.
  • Implementing Enterprise Compliance and Operational Risk framework consistently across FICC, GTS, CBK, IBK, GWBO and GMO.
  • Developing the monitoring & testing coverage plans and executing them in line with local and enterprise requirements.
  • Conducting Compliance and Operational Risk Assessments for these businesses, identifying risk issues and escalating them in a timely manner to ensure sustainable remediation.
  • Developing role based compliance training coverage plans to address the business needs.
  • Engaging with regulators such as Bank of Thailand (“BOT”) / Securities and Exchange Commission (“SEC”) periodically and developing good professional relationship. Managing regulatory inquiries and exams / inspections in a timely and efficient manner, and escalating key issues appropriately.
  • Support in the design and implementation of the Operational Risk Framework for FICC, GTS, CBK, IBK, GWBO and GMO.
  • Independently and holistically assess the Conduct related issue of the C&OR owned policies, provide appropriate recommendation and maintain record of such issues and disposition.

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-22059378

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Mitesh Rathod

Referral Bonus:

0

Street Address

Primary Location:
87/2 WIRELESS RD, Bangkok, 10330