Assistant Vice President, Markets Support Specialist, Global Markets Operations

Job Description:

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!

Job Description

The Markets Support Specialist within GMO for the Manila branch will have secondary responsibility for the Operations team that supports the launch of the Global Markets (FICC) business in the Philippines. The Supervisor will initially for part of an overall team of 3, and provide BAU supervision of operational processes spanning the full trade life-cycle supporting FX spot and forward (deliverable & non-deliverable) products as well as Money Markets (Corporate Treasury). The product base and team size is expected to expand following the successful launch to cover Fixed Income and FICC derivative products. The Supervisor will report to the Manila GMO Branch Head and serve as a senior point of contact for various Front Office and support groups. 

The Supervisor will be integral to the success of the Philippines Global Markets business as well as setting the culture of the GMO team – one that helps to deliver for clients while responsibly managing risk and complying with all enterprise and regulatory requirements. 

The role requires a proven market SME who practices operational best standards, thinks strategically, communicates effectively and with impact, is able to engage with senior and junior stakeholders in a seamless manner, has a thorough understanding of the Philippines regulatory environment and local financial market systems, and possesses a strong ability to develop and grow staff.

Responsibilities

Key responsibilities include but are not limited to:

• Supervising BAU processes of the team that covers onboarding, AML / KYC, trades processing, settlements, reconciliations, regulatory reporting
• Ensuring that the team is complying with GMO, enterprise and regulatory requirements and standards
• Ensuring that the BofA and GMO enterprise risk framework is in place and adhered to 
• Serving as a senior point of contact for Front Office, Compliance, Risk & Control, Philippines Country Management, Regional GMO Management, technology, HR, internal and external Audit, and occasional regulatory engagement
• Engage closely with Philippines Global Banking Operations, and other GMO teams from APAC branches and hub locations
• Engaging with change programs in collaboration with technology and other partners. Projects may result from business enablement, regulatory requirements or simplification and improvement / operational excellence opportunities
• Identifying areas for operational process improvement that help to increase efficiency, reduce risk and cost

Required Skills

• Thorough understanding of FX, Fixed Income, Money Market and FICC derivative products 
• Thorough understanding of the Philippines' banking and securities regulatory environment 
• Strong knowledge of Philippines' payments and fixed income settlement systems
• Proven supervisory ability, preferably within the Markets Operations department of an International bank 
• Strong interpersonal and overall communication skills (written and verbal)
• Must demonstrate strong collaboration and stakeholder engagement skills
• Experience with delivering projects and a track record of identifying process improvement
• Ability to develop staff for to take on additional responsibilities

Desired Skills

• 5+ years of experience in Global Market Operations preferably within an International bank