Compliance and Operational Risk Manager- Electronic Trading

Bank of America • New York, NY

403d

About The Position

This position at Bank of America is responsible for executing compliance and operational risk oversight for Front Line Units, Control Functions, and Third Parties. The role focuses on ensuring adherence to the Global Compliance Enterprise Policy and the Operational Risk Management Enterprise Policy, while identifying and mitigating risks in a timely manner. The position also involves managing compliance with applicable laws and regulations, providing independent oversight, and developing risk management reporting.

Requirements

• 5 years of prior experience in Compliance and Operational Risk, Market Risk, Technology, or Product Management supporting electronic trading activities.
• Understanding of market structure.
• Familiarity with electronic trading strategies and algorithms.
• Data analysis skills and ability to work with large datasets/spreadsheets.
• Understanding of Operational Risk issues.
• Ability to multi-task effectively and manage stakeholder expectations.
• Understanding of electronic trading regulatory trends and future requirements.

Nice To Haves

• Advisory skills
• Monitoring, Surveillance, and Testing
• Regulatory Compliance expertise
• Reporting skills
• Risk Management experience
• Critical Thinking
• Influence skills
• Interpretation of Relevant Laws, Rules, and Regulations
• Issue Management capabilities
• Policies, Procedures, and Guidelines Management
• Business Process Analysis
• Decision Making skills
• Negotiation skills
• Process Management
• Written Communications proficiency

Responsibilities

• Assess risks and effectiveness of Front Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations.
• Engage in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and related third-party/vendor relationships.
• Identify and escalate problems or issues that arise and drive actions to address root causes leading to compliance risk issues and/or operational risk losses.
• Manage inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
• Assist in the development of independent risk management reporting for respective areas of coverage as input into governance and management routines.
• Analyze and interpret applicable laws, rules, and regulations to provide clear and practical advice to stakeholders and manage risks.
• Review and challenge Front Line Unit/Control Function processes, risks, and related assessments while monitoring the regulatory environment for changes.

Benefits

• Competitive benefits to support physical, emotional, and financial well-being.
• Opportunities for learning and growth.
• Flexible work arrangements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed