Job Description:
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.
The Team:
The Global Markets Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust supervision and control infrastructure relating to non-financial risk. That risk includes, but is not limited to, compliance with regulatory rules and guidance, as well as operational controls - in partnership with the business Front Line Unit (FLU).
BCO is a global group with teams in many locations, including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo. Collectively, we provide Supervisory support to Sales, Trading, Electronic/Algorithmic and Research businesses globally. We also perform trade surveillance and monitor electronic and audio communications across Global Markets.
Job Description:
BCO has an open role for a Business Controls Support Officer, at Analyst, Associate or VP level, to support and work alongside a global team of trade surveillance specialists, across all lines of business. The successful candidate will report to a senior leader within the BCO team.
Responsibilities:
Data Analysis: Review and maintain data repository to identify data gaps, improve data quality, identify data gaps and work with technology stakeholders for remediation.
Calibration and Effectiveness: Help to support the effort to fine tune trade surveillances rules and programs both on parameters and logic to improve the quality of trade surveillance alerts triggered.
Inclusion / Exclusion: Review Trade surveillance data and identify data filters then discuss them with trade surveillance SME for review and resolution.
Automation: Work on automation initiatives to achieve efficiencies, standardize processes and enhance sustainability.
Additionally:
Stay up to date on industry rules and guidelines, to ensure we implement effective surveillance measures.
Contribute to evaluation and improvement of surveillance processes and methodologies, keeping them in line with evolving market conditions.
Maintain records and documentation to regulatory standards.
Support internal audits.
Collaborate to enforce policies and procedures related to trade surveillance.
Reports all findings, potential risks and violations to senior management.
Support testing and validation of surveillance systems for accuracy, efficiency, and effectiveness.
Use identified activity to improvements and enhance surveillance methodologies.
What we are looking for:
Communication Skills: Strong verbal and written communication skills are needed, to communicate complex findings or technical information to internal stakeholders and senior management.
Crisis Management: The ability to act swiftly and decisively in response to urgent or critical situations, regulatory enquiries and audit reviews.
Analytical Skills: The ability to analyze data sets, recognize patterns and draw insights from financial information.
Attention to Detail: A meticulous eye for detail, to spot anomalies or discrepancies within data sets.
Global Market Products: A solid knowledge is necessary.
Adaptability: Being adaptable and open to change is key to staying effective in this role.
Technology Proficiency: Strong skills on MS technologies: Excel, PowerPoint and Word. Understanding of Python, SQL and Tableau is a plus.
Compliance Knowledge: Understanding financial regulations and compliance requirements is preferred.
Team Player: Collaboration and teamwork skills are important for working effectively with both the global BCO team and bank stakeholders.
Proactive Learning: A willingness to continuously learn and stay updated on market trends, surveillance, and regulatory changes is beneficial.
Decision-Making Skills: The ability to make prompt and well-founded decisions, especially in situations requiring immediate action, is essential in ensuring effective trade surveillance.
Strategic Thinking: The capacity to see the bigger picture and align strategies with broader organizational goals and regulatory requirements.
Presentation Skills: The ability to create compelling presentations to convey complex findings or recommendations to stakeholders in a clear and understandable manner.
Benefits of working at Bank of America:
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 & 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 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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