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Compliance and Operational Risk Specialist

Bank of America
Closing date
3 Aug 2021

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An opportunity has arisen for a Compliance and Operational Risk Specialist to join our wider Compliance & Operational Risk space in the London office. We are looking for a candidate that has Compliance and/or Operational Risk experience, preferably with Fixed Income product knowledge in particular of the FX market. This will be a unique opportunity to provide primary coverage to a FICC LOB and learn about other LOBs.

Responsibilities will include but not limited to:

Develop effective working relations with Front Line Unit ("FLU") personnel and associated control/support departments in the region

Participate in the review and challenge of operational errors to ensure appropriate mitigation actions are captured

Provide effective challenge to First Line of Defense and Risk Self Assessments to identify risk and control issues and drive risk mitigation action

Participate, as required, in internal investigations into potential breaches of regulatory/exchange requirements or firm policy

Participate, as required, in department initiatives in respect of regulatory/exchange developments and impact analysis on the firm's business and support groups

Assist with the review of new business initiatives, including non-standard transactions and desk new product review

Assist in preparing for regulatory visits

Review potential instances of market abuse when this is brought to your attention by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU, including considering and working on suspicious transaction and order reports

Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices

Review/update Compliance policies and ensure they are consistent with global and local regulatory practices

Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective

Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line

Keep abreast of regulatory change/developments

The Team:

Primarily responsible, with others, for the provision of day-to-day Compliance & Operational Risk coverage support for designated front line units within the Fixed Income business lines located in London, including: FX and Local Currency Trading ("LCT"), with secondary support for Rates, Short End Trading ("SET") and Counterparty Portfolio Management ("CPM").

Core Skills:

Bachelor's degree or equivalent

5 years' experience in a financial or similar environment

Ability to work independently in a pressurised environment

Confident inter personal skills

Communicates with impact

Acts with courage and conviction

Demonstrates business acumen

Drives operational excellence

Applies critical thinking
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