Vice President, Compliance Specialist (Equities)

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 23 Jun 18 2018-06-23

Vice President, Compliance Specialist (Equities)

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

The Compliance Specialist is responsible for ensuring the identification, escalation and timely mitigation of compliance risks within the region. This role is an individual contributor position in based in Hong Kong covering Equities compliance.

Key Responsibilities

• Compliance risk assessments and contributing to the risk assessment for the region
• Regional compliance reporting, identifying and aggregating compliance risks/issues
• Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.
• Contribute to monitoring and testing coverage plans and related metrics.
• Monitor and test the effectiveness of the front line unit and control function compliance risk controls for FLU/CF.
• Identify aggregate, report and escalate compliance risks, issues and control enhancements for FLU/CF.
• Assist in the execution of governance and management routines.
• Identify compliance training needs and inspect FLU/CF and third party participation for FLU/CF.
• Assist with preparations for regulatory exams and audits for FLU/CF.
• Inspect that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed for FLU/CF.
• Escalate regulatory relations concerns to Compliance Manager or Executive
• Evaluation of internal audit results, regulator identified issues, monitoring & testing ("M&T") results and advising on remediation required in country.
• Ensuring Compliance "owned" issues (i.e., Internal Audit, Regulator and Self Identified issues) are addressed appropriately and timely.
• Creating compliance training coverage plans to address local needs.
• Oversight of changes in local and regional regulation, including advising on those changes and directing the appropriate areas to implement or amend policies and procedures/processes to address change in regulations.

Key Requirements

• Bachelor degree holder or equivalent educational experience
• Minimum 7 to 10 years' experience working in global investment bank or regulatory body
• Excellent knowledge of Singapore rules and regulations relating to Equities. APAC regulations is an advantage
• In-depth products/market knowledge of equities and/or listed derivatives
• Ability to multi-task and independently drive responses to regulatory/exchange compliance issues/queries
• Solid awareness of controls and governance
• Self-motivated, a team player and results orientated
• Ability to work in partnership with business, shared services and other members in Legal and Compliance in the region
• Outstanding interpersonal and communication skills.

Posting Date: 11/06/2018
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40