Compliance and Operational Risk Manager Equities
1 month ago
Job Title:
Compliance and Operational Risk Manager (Equities)
Location:
London
Corporate Title:
up to Director
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 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.
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 Manager to join the Equities Compliance and Operational Risk team responsible for independent oversight of the EMEA Equities business including the following sub-lines of business: Equities Execution Services, Equities Derivatives and Prime Financing.
This role is responsible for executing second line of defence compliance and operational risk oversight for Equities, focusing on UK and CEEMEA.
Key responsibilities include (but not limited to) ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively 'the Policies'), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
In addition to day to day coverage activities the role requires a strong understanding of the UK, European and global regulatory framework that applies to the London and CEEMEA based Equities business; real time engagement with the business on new products and key initiatives, including regulatory change implementation; representing Compliance & Operational Risk on governance routines providing effective review and challenge of potential regulatory compliance and operational risk issues; supporting relevant policy and procedure development and training; and, ensuring that, where necessary, aspects of regulatory change are reflected in our second line coverage plan, including Surveillance, Monitoring and Testing routines.
Responsibilities:
Assesses risks, and effectiveness of Equities processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory & trading venue inquiries, other audits, and examinations
Engages in activities to provide independent compliance and operational risk oversight of the Equities business and any related third party/vendor relationships in alignment with the Policies and the Compliance and Operational Risk Management Program and Standard Operating Procedures
Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
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
Analyses and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
Reviews and challenges Equities processes, risks, Single Process Inventory, and Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to the Equities business
Investigates escalated trade surveillance alerts and contributes to continuous enhancement of the trade surveillance framework
Attends & participates in in governance forums providing advice, review, and challenge
What we are looking for:
A versatile, confident individual with significant, relevant work experience in a similar compliance and/or operational risk role with strong written and verbal communication skills
A flexible and solution driven perspective, and a determination and desire to find answers to complex issues
Ability to engage and communicate confidently and professionally with trading and sales teams, support & control functions, and externally with trading venues and regulators
Ability to develop effective working relationships with senior business leaders whilst still providing independent & robust review and challenge
A strong understanding of the UK, European and US regulatory framework that applies to the London and CEEMEA based Equities businesses including (not limited to) MiFID II, MAR, EMIR, Dodd Frank, Volcker etc.
Ability to work both as part of a team and independently, and ability to prioritize workload
Confident in managing policies, procedures and guidelines
Ability to interpret relevant laws, rules and regulations
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.
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