Compliance and Operational Risk Manager

3 weeks ago

New York, New York, United States Bank of America Full time

Job Description:

This role is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties.

Key Responsibilities:

  • Ensures requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program, and Standard Operating Procedures are implemented.
  • Identifies, challenges, escalates, and mitigates risks in a timely manner.
  • Assesses risks and effectiveness of Front Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations.
  • Engages in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third-party/vendor relationships.
  • Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
  • Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines.
  • Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks.
  • Reviews and challenges Front Line Unit/Control Function process, risk, Single Process Inventory, and Front Line Unit/Control Function Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage.

Requirements:

  • Bachelor's Degree or equivalent experience.
  • Minimum of 7 years work experience, with 5 years in Trade Surveillance.
  • Strong understanding of Market Conduct behaviors and surveillance programs to detect market misconduct.
  • Ability to analyze trading activity and market events, as well as the data that feeds into surveillance systems.
  • Experience with Trade Surveillance systems, such as SMARTS, Actimize, Trading Hub, or similar.
  • Ability to execute surveillances across multiple lines of business.
  • Extensive functional or professional knowledge.
  • Microsoft Suite of products technical experience with Excel macros, VBA, Python, or equivalent.

Additional Competencies:

  • Experience with, and calibration of, Trade Surveillance programs in Equities, Futures, Fixed Income, and/or FX products.
  • Knowledge of trading business, markets, and products, with an understanding of the market microstructure.
  • Ability to handle multiple projects in a dynamic environment.
  • Excellent interpersonal, written, and communication skills.
  • Leadership qualities and presentation skills with ability to lead and run meetings.
  • Statistical math, including standard deviation.
  • Intellectual curiosity and ability to anticipate risk.
  • Detail-oriented.
  • Strong time-management skills.
  • Ability to meet deadlines.

Pay Transparency details:

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range: $96,000.00 - $172,000.00 annualized salary, offers to be determined based on experience, education, and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources, and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial, and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status, or any other factor that is irrelevant to the performance of our teammates.

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