MD, Central Trade Surveillance Manager (Global Markets)
New York, New York
**Job Description:**
**Job description:**
The Global Markets Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust supervision and control infrastructure relating to non-financial risk, including but not limited to compliance with regulatory rules and guidance as well as operational controls in partnership with the business Front Line Unit (FLU).
BCO is a global group with teams in many locations including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo providing control oversight to Sales, Trading, Electronic/Algorithmic and Research businesses across Global Markets in respect of regulatory and governance programs.
**Position Description/Responsibilities:**
BCO has an open role for a senior Business Controls Executive, Managing Director or experienced Director level candidate, to lead a global team of trade surveillance specialists, across all asset classes/Global Markets lines of business (LOBs). This person will have leadership responsibility for ensuring key aspects of the banks Trade Surveillance Framework in the FLU or 1st Line, including general oversight, design, implementation, parameter setting, regular reviews, venue coverage, data quality and completeness, alert dispositioning and investigations, ensuring they are managed efficiently and effectively.
The successful candidate will report directly to the Head of Global Markets Business Controls Office. They will undertake the day-to-day development and management of the newly created Central Trade Surveillance team. They will have a deep knowledge of trading in one or more asset classes and a good general wider understanding of Market Abuse Regulation and Surveillance (MAR/MAS), Market Misconduct behaviors and other Trading and Sales applicable regulation.
This individual will work closely with the LOB senior management/COOs and other support functions (e.g., Compliance, Enterprise Independent Testing (EIT), Risk, Operations and Technology, Legal, Audit and Human Resources). Their goal is to ensure that the banks Trade Surveillance Framework is operating efficiently and effectively within the FLU or 1st Line and that the GM lines of business are in compliance with applicable rules, regulations and implementing industry best practices.
**Profile/Skills:**
Candidate must be able to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:
+ Lead a global Central Trade Surveillance team within the GM BCO function charged with maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance governance and associated documentation;
+ Interface directly with Regulatory agencies (e.g. OCC, FINRA, SEC, PRA, FCA, etc.) representing the bank and to be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;
+ Work with global GM BCO and internal stakeholders to identify control gaps, design, implement and track through SIAIs remedial actions to close and continue to improve conduct and culture within the business and wider organization;
+ Provide oversight to the banks Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;
+ Support the banks Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;
+ Identify and gaps in surveillance coverage and data completeness and where surveillance can be improved to reduce noise form false positive alerts;
+ Provide BCO input into Enterprise and Global Markets policies and procedures;
+ Manage a global Central Trade Surveillance team within the FLU/1st Line;
+ Represent Global Markets BCO at various committees, forums and meetings as required; and
+ Act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.
**Experience required:**
+ 15+ years of industry experience as a Trader in one or more asset classes
+ Able to demonstrate in-depth trading/product knowledge around trading correlations, use of derivatives and hedging
+ At least 5 years of experience in a supervisory/management/leadership level;
+ Bachelor's degree required;
+ Robust knowledge of Market Abuse Regulation (MAR) and Market Misconduct behaviors across the Global Markets Trading and Sales businesses;
+ Experience of interacting with regulatory agencies preferred;
+ Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;
+ Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;
+ Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;
+ Attention to detail and high standard for quality work product;
+ Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;
+ Ability to think creatively to solve problems and anticipate potential questions or issues;
+ Effective time management and prioritization; strong multi-tasking abilities;
+ Excellent judgment in handling sensitive and confidential information; and
+ FINRA Series 7, 24 & 63 licenses preferred but not a pre-requisite.
**Job Band:**
H3
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**Job description:**
The Global Markets Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust supervision and control infrastructure relating to non-financial risk, including but not limited to compliance with regulatory rules and guidance as well as operational controls in partnership with the business Front Line Unit (FLU).
BCO is a global group with teams in many locations including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo providing control oversight to Sales, Trading, Electronic/Algorithmic and Research businesses across Global Markets in respect of regulatory and governance programs.
**Position Description/Responsibilities:**
BCO has an open role for a senior Business Controls Executive, Managing Director or experienced Director level candidate, to lead a global team of trade surveillance specialists, across all asset classes/Global Markets lines of business (LOBs). This person will have leadership responsibility for ensuring key aspects of the banks Trade Surveillance Framework in the FLU or 1st Line, including general oversight, design, implementation, parameter setting, regular reviews, venue coverage, data quality and completeness, alert dispositioning and investigations, ensuring they are managed efficiently and effectively.
The successful candidate will report directly to the Head of Global Markets Business Controls Office. They will undertake the day-to-day development and management of the newly created Central Trade Surveillance team. They will have a deep knowledge of trading in one or more asset classes and a good general wider understanding of Market Abuse Regulation and Surveillance (MAR/MAS), Market Misconduct behaviors and other Trading and Sales applicable regulation.
This individual will work closely with the LOB senior management/COOs and other support functions (e.g., Compliance, Enterprise Independent Testing (EIT), Risk, Operations and Technology, Legal, Audit and Human Resources). Their goal is to ensure that the banks Trade Surveillance Framework is operating efficiently and effectively within the FLU or 1st Line and that the GM lines of business are in compliance with applicable rules, regulations and implementing industry best practices.
**Profile/Skills:**
Candidate must be able to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:
+ Lead a global Central Trade Surveillance team within the GM BCO function charged with maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance governance and associated documentation;
+ Interface directly with Regulatory agencies (e.g. OCC, FINRA, SEC, PRA, FCA, etc.) representing the bank and to be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;
+ Work with global GM BCO and internal stakeholders to identify control gaps, design, implement and track through SIAIs remedial actions to close and continue to improve conduct and culture within the business and wider organization;
+ Provide oversight to the banks Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;
+ Support the banks Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;
+ Identify and gaps in surveillance coverage and data completeness and where surveillance can be improved to reduce noise form false positive alerts;
+ Provide BCO input into Enterprise and Global Markets policies and procedures;
+ Manage a global Central Trade Surveillance team within the FLU/1st Line;
+ Represent Global Markets BCO at various committees, forums and meetings as required; and
+ Act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.
**Experience required:**
+ 15+ years of industry experience as a Trader in one or more asset classes
+ Able to demonstrate in-depth trading/product knowledge around trading correlations, use of derivatives and hedging
+ At least 5 years of experience in a supervisory/management/leadership level;
+ Bachelor's degree required;
+ Robust knowledge of Market Abuse Regulation (MAR) and Market Misconduct behaviors across the Global Markets Trading and Sales businesses;
+ Experience of interacting with regulatory agencies preferred;
+ Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;
+ Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;
+ Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;
+ Attention to detail and high standard for quality work product;
+ Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;
+ Ability to think creatively to solve problems and anticipate potential questions or issues;
+ Effective time management and prioritization; strong multi-tasking abilities;
+ Excellent judgment in handling sensitive and confidential information; and
+ FINRA Series 7, 24 & 63 licenses preferred but not a pre-requisite.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22085075
Band: H3
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Christina Rodgers
Referral Bonus:
0
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