Job Description:
Job Title: Compliance and Operational Risk Manager (Equities)
Location: London
Corporate Title: up to Director
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!
Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Role Overview:
An opportunity has arisen in our London office for a Compliance Manager to join the Equities Compliance and Operational Risk team responsible for independent oversight of the EMEA Equities business including the following sub-lines of business: Equities Execution Services, Equities Derivatives and Prime Financing.
This role is responsible for executing second line of defence compliance and operational risk oversight for Equities, focusing on UK and CEEMEA. Key responsibilities include (but not limited to) ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
In addition to day to day coverage activities the role requires a strong understanding of the UK, European and global regulatory framework that applies to the London and CEEMEA based Equities business; real time engagement with the business on new products and key initiatives, including regulatory change implementation; representing Compliance & Operational Risk on governance routines providing effective review and challenge of potential regulatory compliance and operational risk issues; supporting relevant policy and procedure development and training; and, ensuring that, where necessary, aspects of regulatory change are reflected in our second line coverage plan, including Surveillance, Monitoring and Testing routines. The successful candidate will be required to keep abreast of regulatory developments impacting the Equities business.
Responsibilities:
What we are looking for:
Benefits of working at Bank of America:
UK
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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.
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