Global Rates and Short End Trading - Compliance & Operational Risk Manager Global Rates and Short End Trading - Compliance &  …

Bank of America Merrill Lynch
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
Bank of America Merrill Lynch
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
Global Rates and Short End Trading - Compliance & Operational Risk Manager
Job Description:

Job Description:

The Compliance and Operational Risk (C&OR) Manager - Global Rates and Short End Trading is responsible for executing independent compliance and operational risk oversight of Front Line Unit (FLU) and Control Functions (CF) in accordance with the C&OR Management program and policies. C&OR coverage includes both trading and sales functions, including institutional, corporate and middle market clients. This role requires a strong comprehension of a diversity of asset classes, including money markets, bonds, swaps and futures products, trading disciplines, sales practices, and corresponding laws, rules and regulations impacting these business areas; in particular, SEC, CFTC, NFA, FINRA and various SEF and exchange requirements. The role also requires C&OR oversight of the primary dealer obligations, including Treasury auctions and government operations. In addition, this role applies analytical and reporting skills to various elements of the C&OR program to ensure appropriate escalation of issues, themes, or other areas of concern relating to Global Rates and Short End Trading business lines; specifically, trade surveillance alerting and trending, monitoring and testing, operational events, inquiries, exams and audits.

Responsibilities of the C&OR manager include, but are not limited to:

  • Provides ongoing, objective oversight of compliance and operational risk management activities in adherence to the C&OR Management program and policies;
  • Performs ongoing, independent monitoring and testing related to Global Rates and Short End Trading compliance with laws, rules, regulations, and the detection of market misconduct risks inherent to these business lines (e.g., market manipulation);
  • Management of applicable compliance policies and administering of training (including in-person training) on policy requirements, compliance and operational risks, including market conduct risks, and on core disciplines with in the business lines including Treasury auction rules, Government Sponsored Enterprise (GSE) dealer agreement obligations, electronic trading, communications and information handling, transaction appropriateness and structuring, complaints and inquiries / exams.
  • Performs an annual Compliance and Operational Risk Assessment (RA) and Market Misconduct Risk Assessment (MMRA) with respect to inherent risks and associated controls;
  • Conducts an independent review and challenge of the Global Rates and Short End Trading Process/Risk/Control inventory for completeness, accuracy and for adherence to the Quality Assurance (QA) Program Standard;
  • Maintains inventory of applicable laws, rules and regulations, which includes those relating to Global Rates and Short End Trading, and engages Legal partners as appropriate to periodically assess whether the inventory is current;
  • Works with FLU managers and supervisors to confirm that impacted businesses are aware of all key rules and regulations and incorporate them into their respective processes;
  • Conducts operational loss analysis and develops thematic reviews based on loss events and raises challenge and or issues, as necessary and appropriate;
  • Reports on identified risks and issues through applicable governance routines and provides challenge to the FLU;
  • Participates in risk forums to review and sign-off on new products and non-standard transaction initiatives, and provides challenge to the FLU as to the control environment for such initiatives; and
  • Provides ongoing reporting on C&OR program elements, including monitoring and testing results and operational loss analyses, into corresponding FLU and C&OR management and governance routines.

Required skills and qualifications:

  • 5 to 10 years of relevant experience, particularly with respect to compliance and/or operational risk functions and fixed income coverage responsibilities;
  • Strong written and verbal communication skills, and ability to interact with all levels of personnel globally, including senior executives;
  • Strong analytical skills, ability to multi-task, focus on detail, and meet tight and/or shifting deadlines;
  • Capable of working in a dynamic and fast-paced environment; and
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook) and reporting tools.
  • Degree Required: Bachelor's Degree or equivalent experience


Job Band:
H4

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

Job Description:

The Compliance and Operational Risk (C&OR) Manager - Global Rates and Short End Trading is responsible for executing independent compliance and operational risk oversight of Front Line Unit (FLU) and Control Functions (CF) in accordance with the C&OR Management program and policies. C&OR coverage includes both trading and sales functions, including institutional, corporate and middle market clients. This role requires a strong comprehension of a diversity of asset classes, including money markets, bonds, swaps and futures products, trading disciplines, sales practices, and corresponding laws, rules and regulations impacting these business areas; in particular, SEC, CFTC, NFA, FINRA and various SEF and exchange requirements. The role also requires C&OR oversight of the primary dealer obligations, including Treasury auctions and government operations. In addition, this role applies analytical and reporting skills to various elements of the C&OR program to ensure appropriate escalation of issues, themes, or other areas of concern relating to Global Rates and Short End Trading business lines; specifically, trade surveillance alerting and trending, monitoring and testing, operational events, inquiries, exams and audits.

Responsibilities of the C&OR manager include, but are not limited to:

  • Provides ongoing, objective oversight of compliance and operational risk management activities in adherence to the C&OR Management program and policies;
  • Performs ongoing, independent monitoring and testing related to Global Rates and Short End Trading compliance with laws, rules, regulations, and the detection of market misconduct risks inherent to these business lines (e.g., market manipulation);
  • Management of applicable compliance policies and administering of training (including in-person training) on policy requirements, compliance and operational risks, including market conduct risks, and on core disciplines with in the business lines including Treasury auction rules, Government Sponsored Enterprise (GSE) dealer agreement obligations, electronic trading, communications and information handling, transaction appropriateness and structuring, complaints and inquiries / exams.
  • Performs an annual Compliance and Operational Risk Assessment (RA) and Market Misconduct Risk Assessment (MMRA) with respect to inherent risks and associated controls;
  • Conducts an independent review and challenge of the Global Rates and Short End Trading Process/Risk/Control inventory for completeness, accuracy and for adherence to the Quality Assurance (QA) Program Standard;
  • Maintains inventory of applicable laws, rules and regulations, which includes those relating to Global Rates and Short End Trading, and engages Legal partners as appropriate to periodically assess whether the inventory is current;
  • Works with FLU managers and supervisors to confirm that impacted businesses are aware of all key rules and regulations and incorporate them into their respective processes;
  • Conducts operational loss analysis and develops thematic reviews based on loss events and raises challenge and or issues, as necessary and appropriate;
  • Reports on identified risks and issues through applicable governance routines and provides challenge to the FLU;
  • Participates in risk forums to review and sign-off on new products and non-standard transaction initiatives, and provides challenge to the FLU as to the control environment for such initiatives; and
  • Provides ongoing reporting on C&OR program elements, including monitoring and testing results and operational loss analyses, into corresponding FLU and C&OR management and governance routines.

Required skills and qualifications:

  • 5 to 10 years of relevant experience, particularly with respect to compliance and/or operational risk functions and fixed income coverage responsibilities;
  • Strong written and verbal communication skills, and ability to interact with all levels of personnel globally, including senior executives;
  • Strong analytical skills, ability to multi-task, focus on detail, and meet tight and/or shifting deadlines;
  • Capable of working in a dynamic and fast-paced environment; and
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook) and reporting tools.
  • Degree Required: Bachelor's Degree or equivalent experience


Job Band:
H4

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Job Description:

The Compliance and Operational Risk (C&OR) Manager - Global Rates and Short End Trading is responsible for executing independent compliance and operational risk oversight of Front Line Unit (FLU) and Control Functions (CF) in accordance with the C&OR Management program and policies. C&OR coverage includes both trading and sales functions, including institutional, corporate and middle market clients. This role requires a strong comprehension of a diversity of asset classes, including money markets, bonds, swaps and futures products, trading disciplines, sales practices, and corresponding laws, rules and regulations impacting these business areas; in particular, SEC, CFTC, NFA, FINRA and various SEF and exchange requirements. The role also requires C&OR oversight of the primary dealer obligations, including Treasury auctions and government operations. In addition, this role applies analytical and reporting skills to various elements of the C&OR program to ensure appropriate escalation of issues, themes, or other areas of concern relating to Global Rates and Short End Trading business lines; specifically, trade surveillance alerting and trending, monitoring and testing, operational events, inquiries, exams and audits.

Responsibilities of the C&OR manager include, but are not limited to:

  • Provides ongoing, objective oversight of compliance and operational risk management activities in adherence to the C&OR Management program and policies;
  • Performs ongoing, independent monitoring and testing related to Global Rates and Short End Trading compliance with laws, rules, regulations, and the detection of market misconduct risks inherent to these business lines (e.g., market manipulation);
  • Management of applicable compliance policies and administering of training (including in-person training) on policy requirements, compliance and operational risks, including market conduct risks, and on core disciplines with in the business lines including Treasury auction rules, Government Sponsored Enterprise (GSE) dealer agreement obligations, electronic trading, communications and information handling, transaction appropriateness and structuring, complaints and inquiries / exams.
  • Performs an annual Compliance and Operational Risk Assessment (RA) and Market Misconduct Risk Assessment (MMRA) with respect to inherent risks and associated controls;
  • Conducts an independent review and challenge of the Global Rates and Short End Trading Process/Risk/Control inventory for completeness, accuracy and for adherence to the Quality Assurance (QA) Program Standard;
  • Maintains inventory of applicable laws, rules and regulations, which includes those relating to Global Rates and Short End Trading, and engages Legal partners as appropriate to periodically assess whether the inventory is current;
  • Works with FLU managers and supervisors to confirm that impacted businesses are aware of all key rules and regulations and incorporate them into their respective processes;
  • Conducts operational loss analysis and develops thematic reviews based on loss events and raises challenge and or issues, as necessary and appropriate;
  • Reports on identified risks and issues through applicable governance routines and provides challenge to the FLU;
  • Participates in risk forums to review and sign-off on new products and non-standard transaction initiatives, and provides challenge to the FLU as to the control environment for such initiatives; and
  • Provides ongoing reporting on C&OR program elements, including monitoring and testing results and operational loss analyses, into corresponding FLU and C&OR management and governance routines.

Required skills and qualifications:

  • 5 to 10 years of relevant experience, particularly with respect to compliance and/or operational risk functions and fixed income coverage responsibilities;
  • Strong written and verbal communication skills, and ability to interact with all levels of personnel globally, including senior executives;
  • Strong analytical skills, ability to multi-task, focus on detail, and meet tight and/or shifting deadlines;
  • Capable of working in a dynamic and fast-paced environment; and
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook) and reporting tools.
  • Degree Required: Bachelor's Degree or equivalent experience


Shift:
1st shift (United States of America)

Hours Per Week:
40
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