Job ref no.: CT3114387-01#7054

Associate, Business Support Associate, Regulatory Deployment & Remediation, GBAM COO, Hong Kong

Bank of America

Job Description
  • Part of the COO Regulatory Deployment & Remediation team focused on driving front to back execution for one or more specific regulations at a time, and becoming the Subject Matter Expert (SME) for GBAM impact for that regulatory requirement.
  • Regulatory requirements have largely stemmed from G20-sponsored reforms encompassing mandatory clearing, margin on uncleared derivatives, risk-mitigation standards, transaction reporting, higher standards on transparency and execution, etc. These reforms have been implemented through various global regulatory regimes such as Dodd-Frank (US), EMIR (EU) and MiFID (EU). Many Asian regulators have also implemented or are poised to implement similar measures.
Key Responsibilities
  • Engage LOB and control partner executives to plan and execute strategy, policy, operational, technological and organizational changes required to comply with a regulatory change
  • Coordinate cross border implementation
  • Coordinate across related regulations to ensure consistency in approach and identify/resolve any overlaps or conflicting regulatory guidance by business/jurisdiction
  • Identify training requirements and coordinate with compliance, HR L&LD and training stewards to execute
  • Escalate issues for senior management decisions where required
  • Knowledge of businesses and associated processes and controls; particularly Global Markets, but also GCIB and other areas of GBAM
  • While specific regulatory expertise is not required for the role but prior experience with regulatory programs would be valuable
  • Proficient in Excel, Word, and Powerpoint
  • Takes initiative and demonstrates a focused desire to understand responsibilities and drive/implement improvements
  • Highly proficient in data aggregation, integration, and analysis
  • Experience of working with technical teams and translating technical concepts to business audiences
  • Excellent verbal and written communication skills with ability to simplify complex information into messages targeted to various levels of leadership, as well as, confidence to field questions directly from Senior Line of Business Supervisors
  • Must possess high attention to detail
  • Must be self-motivated and results oriented
  • Must be able to deliver results with limited direction and supervision
  • Must be able to work well in collaborative team environment, but also independently
  • Excellent time management skills and able to manage multiple competing/concurrent activities
  • Excellent project/program management skills
  • Excellent critical thinking/problem solving skills

Bank of America Merrill Lynch is an equal opportunities employer.

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More job information
Job ref no. CT3114387-01#7054
  • N/A
Job Function
  • Central
  • 0 year - 5 years
Career Level
  • Non-management level
  • Degree