Business Control Manager

Job Description:

About Us

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!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

GCOR Trade Surveillance team monitors firm’s trading activity from a market abuse/market manipulation perspective. Global trade surveillance activities are designed to adhere to financial services laws, rules and regulations to determine whether key controls are operating as intended and are effective in terms of mitigating compliance risk (e.g. compliance policy, standard or procedure). Continuous surveillance of business activities is performed through automated systems (SMARTS, Actimize etc.) and filters. Surveillance is also performed through patterns and trends analysis, and manual reviews.  This team in Trade surveillance will work very closely with the Global Trade Surveillance teams to conduct surveillance efforts on equity, fixed income and derivatives trading.

Job Description

Individuals will be part of the senior leadership team within Trade Surveillance supporting one of the global regions (AMRS, EMEA and APR). This role needs advanced expertise in stakeholder engagement, matrix leadership alignment, and regional business variations. The leader has end to end accountability for the performance of the team monitoring trading activities across multiple asset classes for market abuse and manipulation. The incumbent will effectively lead and deliver on key initiatives that align to the global strategy, optimize the overall experience, and work agilely with the global leaders, global process owners, and key stakeholders. 

Responsibilities

• The successful candidates will be responsible for driving the operational performance of the GBS organization by managing a team that performs trade surveillance activities on SMARTS and Actimize application, review alerts for market manipulation, restricted and watch listed securities, obtain deal updates (from Investment Bankers) – when needed for watch list reviews, monitor trading activity using various exceptions-based reports.
• Providing expertise around regional business requirements, building strong relationships and synergies within the team and with key business partners and adherence to local rules, laws and regulations.
• Design and execution strategic initiatives for the team and work together with the global teams on delivering transformation and end to end process redesign and reengineering.
• Communicate, influence, and negotiate vertically and horizontally. Obtain or leverage necessary resources, articulate role and performance, advocate for the team.
• Reducing operational risk by partnering with the larger team on OPEX initiatives, identify process improvement areas, liaise with relevant support function to bring the idea to fruition.
• Manage and mitigate risks across processes and functions. This includes review and identification of risk and necessary remediation to close gaps in control measures.
• Enhance the workplace through leadership, employee engagement and personnel development to drive “A Great Place to Work” culture.

Critical COMPETENCIES:

• Strategic Thinking
  • Focuses strategies on delivering superior value to clients.
  • Translates strategies into plans that can be effectively executed.
• Business Results
  • Anticipates risks and obstacles and devises plans to manage them
  • Pursues aggressive goals and continuously raises performance expectations to achieve excellence
  • Appreciates the cost impact of actions and is commercial in decision making
  • Promotes continuous learning and development
• People Leadership
  • Encourages and listens to the contributions of others in order to reach the right decision
  • Makes sure there is a frank and open exchange of ideas among team members
  • Makes decisions based on what is good for the whole organization, not just his/her business unit
• Communication Skills
  • Communicates clearly and concisely, verbally and in writing, at all levels within the organization

Requirements:

Education

• Post Graduate in any field

Experience Range

18 + years of Experience in Trade Surveillance / Pre-trade / Post-trade / Real Time Surveillance

Foundational Skills

• Experience in capital markets operations with a thorough understanding of trade life cycle and surveillance functions
• Working knowledge of derivative products
• Experience with client management, issues management and client service.
• Demonstrated ability to listen and communicate clearly and effectively through the senior executive level.
• Strong analytical, interpersonal, organizational, and time management skills
• Ability to lead a team
• Familiarity with Regulatory Requirements of different regions
• Strong English written and verbal communication skills
• Experience in working with Surveillance applications like Actimize, SMARTS.
• Ability to work in a high-energy and dynamic environment.
• Ability to multi-task, assist in critical items/projects and those that require extensive research, while independently prioritizing his/her workload
• Ability to analyze large sets of data to develop and present executive level reporting
• Experience in operating on a global scale, across multiple functions/regions and with multiple stakeholders.  

Shift Timings

• EMEA hours, flexible as per business requirement

Location: GIFT City, Gandhinagar