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Trade Surveillance Alert Reviewer

London, , United Kingdom

Job Description:

Job Title: Trade Surveillance Alert Reviewer

Corporate Title: VP / Director

Location: London

Company Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

LOB Overview

The Global Markets (GM) Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust supervision and control infrastructure relating to non-financial risk, including but not limited to compliance with regulatory rules and guidance as well as operational controls in partnership with the business Front Line Unit (FLU).

BCO is a global group with teams in many locations including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo providing control oversight to Sales, Trading, Electronic/Algorithmic and Research businesses across Global Markets in respect of regulatory and governance programs.

Role Description

BCO has an open role for a Business Controls Officer, at VP or Director level, to work alongside a global team of trade surveillance specialists, focused in one of the following: FX, Rates, Credit, Commodities, Mortgages, Equities, E-Trading. This position will require a good and demonstrable experience in trade surveillance alert investigation and dispositioning and a good understanding of Market Misconduct behaviors and other Trading and Sales applicable regulations related to this asset class, to support key aspects of the bank’s Trade Surveillance Framework in the FLU or 1st Line.

The successful candidate will report to BCO Head in the region where they join Bank of America and will interact on a daily basis with the GM BCO Central Trade Surveillance team. As they undertake trade surveillance alert reviews related to one of the above mentioned asset classes, they will be expected to propose changes to surveillance scenarios and parameter settings, call out any gaps in surveillance and venue coverage, data quality and completeness, where appropriate.

This collaborator will also work closely with the line of business (LOB) supervisors and Senior Management/Chief Operating Officers and other support functions (e.g., Compliance, Enterprise Independent Testing (EIT), Risk, Operations and Technology, Legal, Audit and Human Resources). Their goal will be to disposition trade surveillance alerts, identify instances where surveillance can be improved to reduce noise from false-positive alerts and to ensure the lines of business are in compliance with applicable rules, regulations and implementing industry best practices.

What we are looking for

  • Ability to thrive in a fast-paced and high-pressure environment;

  • Work within a regional GM BCO team to review, disposition and investigate Trade Surveillance alerts;

  • Work with and escalate to the Central Trade Surveillance team within the GM BCO function, escalating where further investigation is required, where gaps are discovered or proposing changes/improvements to surveillance scenarios to reduce false positives alerts;

  • Work as a team to maintain global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance governance and associated documentation;

  • Provide support to those interacting with Regulatory agencies (e.g. OCC, FINRA, SEC, PRA, FCA, etc.) as required;

  • Work with global GM BCO and internal stakeholders to identify control gaps, design, implement and track through SIAIs remedial actions to close and continue to improve conduct and culture within the business and wider organization;

  • Provide BCO input into Enterprise and Global Markets policies and procedures;

  • Represent Global Markets BCO at various committees, forums and meetings as required; and

  • Act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.

Experience required

  • Previous experience of demonstrable trade surveillance alert review and dispositioning;

  • Bachelor's degree preferred or equivalent experience;

  • Understanding of Market Misconduct behaviors across Trading and Sales business;

  • Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;

  • Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;

  • Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;

  • Attention to detail and high standard for quality work product;

  • Commitment to provide timely and accurate information to BCO colleagues as required;

  • Ability to think creatively to solve problems and anticipate potential questions or issues;

  • Effective time management and prioritization, strong multi-tasking abilities;

  • Excellent judgment in handling sensitive and confidential information.

Benefits of working at Bank of America

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

  • 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum

  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc

  • Use of a flex fund to use towards benefits

  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services

  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions

  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

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.

Learn more about this role

Full time


Manages People:

Travel: No

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