Compliance and Operational Risk Specialist - (MAR / FICC Trade Surveillance)
Bank of America Corporation
5d ago

Job Description :

LOB : Global Compliance and Operational Risk

One of the world’s leading financial institutions, we have 66 million customers ranging from individuals to businesses to governments and we are committed to growing responsibly.

We’ve been building meaningful connections in Europe, the Middle East and Africa for 90 years, and you’ll find our 200,000-

strong workforce in more than 35 countries worldwide.

Business Unit Overview

Here in our London office we are looking to recruit for a Compliance and Operational Risk Specialist within FICC Trade Surveillance.

The scope of the role will be focused on the MAR related objectives but as these are delivered the scope will widen to include other strategic and forward-

looking trade surveillance initiatives.

Responsibilities :

  • Assist in the execution of regular and fundamental reviews of the FICC division’s trade surveillance processes and procedures and implement changes where necessary;
  • Help to drive the firm’s EMEA trade surveillance change program covering : Implementation of a Logical Process Plan to minimise data leakage in accordance with the firm’s MAR capability assessmentEnsure framework contains and controls FICC market data to optimise the surveillance process;
  • Ensure that the data reporting process is optimised for MI and regulatory purposesEnsure that the London Fixed Income division’s trade surveillance program is coordinated with those of Equities and the wider global program of enhancement

  • Participate in the review of the firm’s test plan program and refine where necessary
  • Monitor current technology developments in trade surveillance and promote best practice initiatives
  • Monitor potential market abuse cases to provide advice and guidance on best practice as well as highlighting issues for policy or procedural change
  • Review of all current surveillance policies to ensure that they meet the standard of the regulator and are consistent with global policy
  • Core Skills :

  • Knowledge of MAR, MIFID2
  • Knowledge of SMARTS, Actimize and alternative surveillance systems (e.g. KX, TradingHub or similar) to include model logic and detailed data requirements
  • Programming and data management skills in order to carry out detailed analysis of model logic, calibration parameters and ad-
  • hoc data projects (VBA, SQL, Python etc.)

  • Knowledge of FICC / Equities Markets
  • Excellent written and verbal communication
  • High level of Relationship management skills
  • We offer a competitive Salary and Benefits package.

    Learn more about our benefits .

    Good conduct and sound judgement 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.

    For more information on our commitment to ESG, visit

    We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-

    economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

    As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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