Vice President; Compliance and Operational Risk Manager

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:
As regional product lead and asset class specialist, this job is responsible for both regional oversight and execution of markets surveillances over our principal and client activities, to identify cases of market abuse and or market misconduct generally.

Responsibilities:

Key responsibilities include:

• Interpreting, investigating and processing of potential market misconduct cases in accordance with documented procedures and collaborating with Compliance and Operational Risk officers to drive effective risk mitigation and outcome management.
• Teaching team members on the principals and various forms of market misconduct topologies and how to identify, investigate and process escalations effectively.
• Overseeing, and ensuring effective execution of our trade surveillance routines by our regional specialists and our offshore operational surveillance teams.
• Assist in planning and preparation for regulatory exams and audits, prepare and gather documents to respond to regulatory inquiries.
• Lead, contribute and participate in multiple special projects as an experienced subject matter expert of a processes and/or projects.
• Build strong relationships and collaborate with the business and other risk partners including FLU, GCOR, Operational Risk and Legal partners.
• Directing and teaching entry and junior-level surveillance analysts.
• Monitor for changes in market mechanics, regulatory focus, and lead the development and implementation of new controls as needed, to reduce our exposure and effectively mitigate or substantially reduce market misconduct risks.
• Collaborates with Compliance and Operational Risk officers and/or Front Line Unit process owners on the identification of market misconduct themes and trends that may indicate need for greater focus. 
• Perform quality assurance through blind peer review sampling across products and regions.
• Look for opportunities to lift and drive the shift of mature controls to offshore surveillance operations teams.

Managerial Responsibilities:

This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Breaks down barriers to create a more inclusive environment that supports company D&I goals
• Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations
• Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success
• Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization
• Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance
• Efficiently allocates and manages resources across the organization to drive short and long term profitability
• Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs
• Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage

Required Skills

• Familiar with trade surveillance related external laws, rules, regulation, internal policies, standards and procedures (such as Market Conduct Risk Framework) and industry guidance
• Familiarity with Broker Dealer or Broker Dealer experience
• Experience using surveillance tools such as SMARTS/Actimize Surveillance
• Excellent interpersonal, written and verbal communication skills
• Equities / FICC business and products experience
• Ability to test across multiple lines of business
• Adaptability to dynamic work environment with multiple priorities and strict deadlines.
• Experience in drafting policies and procedures.
• Ability to work in a team-oriented environment.
• Ability to communicate through verbal, written and interpretational communication skills to all levels of the organization.
• Excellent understanding of business, markets and products
• Ability to handle multiple projects in a dynamic environment
• Languages including Cantonese, Putonghua, Korean and or Japanese