Global Markets Compliance & Operational Risk Specialist

Job Description:

Job Title: Global Markets Compliance and Operational Risk Specialist

Location: London

Corporate Title: Vice President

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 Specialist to join the Global Markets Compliance and Operational (GCOR) Risk team. The role is responsible for providing support to the Compliance and Operational Risk team to execute second line of defense compliance and operational risk oversight for the Markets Business in the UK and CEEMEA, with a particular focus on trade surveillance.

Responsibilities

• Support the UK Markets GCOR team in execution of their responsibility for trade surveillance coverage, and continuous enhancement of the trade surveillance program, including, but not limited to: tracking of Risk Technology enhancement prioritisation, assisting with review of EMEA regulatory change and/or updates, tracking open issues & remediation pertaining to EMEA trade surveillance, and supporting cross functional / regional change management relating to surveillance.
• Support the co-ordination of cross functional projects and initiatives within Global Markets GCOR.
• Assist Global Markets GCOR in responding to trading venue and regulatory inquiries and other audits and examinations.
• Lead co-ordination of Management Information for UK Global Markets GCOR and assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines.
• Assist Global Markets GCOR with independent monitoring and assessment, and provide review and challenge to the business.
• Attend & participate in GCOR governance forums.
• Provide support for various GCOR program initiatives including, but not limited to, reviews of Operational Loss data, Single Process Inventory alignment and mapping.

What we are looking for:

• Versatile and confident with work experience in financial services, ideally within a second-line function
• Ability to engage and communicate confidently and professionally with internal stakeholders.
• Excellent written communication; ability to pull together content from multiple stakeholders in Word and PowerPoint format is essential
• Knowledge of the UK, European regulatory framework pertaining to trade surveillance
• Intellectually curious with an analytical mind-set

Benefits of working at Bank of America:

UK

• 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 access to school holiday clubs 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.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts and Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 dependents 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.