Job ref no.: CT3116513-01#2487

Vice President, Senior Business Control Specialist, Global Banking and Markets Operations

Bank of America

Vice President, Senior Business Control Specialist, Global Banking and Markets Operations

Hong Kong, Hong Kong

Job number: 18040758

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About Bank of America Merrill Lynch:


Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.


Connecting Asia Pacific to the World


Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.


Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.


Bank of America Merrill Lynch is an equal opportunities employer.


Position Description


The Operational Risk & Control team works within the global FICC & Derivatives core operations (FDCO) organisation and is responsible for:

  • Providing an independent assessment of control and risk issues for senior management
  • Working with line management to strengthen the control environment and improve control processes
  • Providing an oversight responsibility across regulatory processes
  • Control design review & control effectiveness testing
  • Embedding a risk awareness culture across the organisation
  • Designing and deploying independent monitoring and escalation functions across the organisation
  • Acting as a bridge between Ops teams and the Audit function
  • Ensuring the control framework is linked as necessary to appropriate Laws, Rules and regs
  • Detailed investigation, analysis and presentation of operational risk events
  • Education of associates through presentations and work shops
  • Maintenance and development of control standards, and monitoring of compliance

We are looking to recruit an individual with a strong control mindset and cross asset class product experience gained within a Product Control, Middle Office or Operations environment into the Global FICC & Derivatives Risk & Control team, based in the Global Markets Operations organisation. The individual will become a risk partner to the operations business supporting specific asset classes/functions.


Key Responsibilities

  • Chair monthly risk reviews with the line of business you support
  • Challenge the line of business on their controls and evidence of control design & effectiveness
  • Review and assess all operational events generated by your line of business, identifying thematics where appropriate
  • Review/approve the raising & remediation for audit issues (including self-identified)
  • Review the Risk self-assessment by the line of business
  • Proactive Risk Partner for the line of business head (FDCO SLT member)
  • Deep dive investigations of significant risk and control issues
  • Understand and communicate impact on line of business of all relevant enterprise/regulatory led initiatives
  • Participate in regional and global governance routines, and understand and assess the differences between Regional vs Global processes

Key Requirements

  • Strong collaboration and relationship management skills.
  • Control mindset
  • High sense of urgency with ability to drive results.
  • Demonstrable evidence of stakeholder management.
  • Effective multi-tasking and prioritisation skills.
  • Self starter, able to establish relationships and transcend multiple cross-functional/divisional boundaries, largely unaided.
  • Ability to handle diverse workload and tight schedules.
  • Strong risk assessment, negotiation and problem resolution skills.
  • Ability to lead and drive change

Other experience: industry experience

  • Some experience of Trade support/Operations and/or related support functions, including good understanding of the end to end trade lifecycle and the associated processes within the support functions
  • Some experience of operational risk
  • Has a proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution.

Posting Date: 10/07/2018

Location:
51 KWAI CHEONG ROAD - KOWLOON COMMERCE CENTER TOWER 2
  • Hong Kong

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