Compliance Risk Specialist - London, United Kingdom - myGwork

Description

This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ+ business community.
Markets Compliance and Operational Risk Specialist (FICC)

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.

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.

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.

Our London office is based just a stone's throw from the magnificent St. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

This role is responsible for assisting the Compliance and Operational Risk team to execute second line of defense compliance and operational risk oversight for the Rates, FX / Local Currency Trading and Short End Trading Lines of Business in the UK and CEEMEA.

Key responsibilities include 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.

Assist in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation
Engage in activities to provide support to the Compliance and Operational Risk team in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance
Assist in identifying and escalating problems or issues that arise and drive actions to address the root causes that lead to compliance risk issues and/or operational risk losses
Assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines
Conduct monitoring and provide independent review and challenge to the Front Line Unit
Assist in responding to trading venue and regulatory inquiries and other audits and examinations
Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

A versatile, confident individual with relevant work experience in Compliance and/or Operational Risk or within a FICC business .

Confident in managing policies, procedures and guidelines
Ability to interpret relevant laws, rules and regulations
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.

Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
Access to an Employee Assistance Program for confidential support and help for everyday matters

Opportunity to access our Arts and Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.

Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Good conduct and sound judgment is crucial to our long term success.

It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk.

Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependents or physical or mental disability.