Assistant Vice President, Operations Team Lead

  • Competitive
  • Kuala Lumpur, Malaysia Kuala Lumpur Kuala Lumpur MY
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 19 Jul 18 2018-07-19

Assistant Vice President, Operations Team Lead


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

Treasury Fulfillment, Service & Operations is responsible for the end-to-end implementation, servicing, and operations of all treasury and depository solutions for corporate, commercial and business banking clients globally, and for treasury operations in Canada, EMEA, Latin America and Asia.

We are looking for an Operations Team Lead with 5 years of experience for the Fulfillment, Service & Operations team in Malaysia. If you have experience in payment operations and regulatory reporting function, good understanding of Bank Negara Malaysia regulations, sound knowledge of risk management and quality assurance, this is an opportunity you do not want to miss.

Key Responsibilities

  • Primarily responsible for the production of regulatory reporting for FSO not limiting to ITIS, CCRIS, PIDM reporting
  • Represent the Bank as one the primary liaison with Bank Negara Malaysia and other regulators e.g. Paynet, PIDM. Point of contact for ad-hoc queries, escalation, projects and any related communication on regulatory reporting matters
  • Liaison with other departments/business units in collating data required for regulatory reporting. Ensure roles and responsibilities are clarified and followed through
  • Execute sound internal control procedures over the production and submission of regulatory reporting to ensure accuracy and timeliness of reporting to prevent penalties from BNM
  • Keep abreast with regulatory changes and execute the regulatory obligations/reporting governance process i.e. from the issuance of the regulation to implementing the regulation including completing quality assurance programs
  • Manage compliance and audit controls, timely mitigation/remediation of risks related to regulatory reporting
  • As delegate to the Reg Reporting Head, manage effective resource planning, forecasting and staffing of teams, establish training requirements to ensure high performance/competent staffing level
  • Execute and integrate new capabilities as required to facilitate regulatory reporting. Lead and support regulatory reporting projects
  • Execute business continuity and event management processes

Key Requirements
  • Minimum 5 years of direct working experience in payment operations and regulatory reporting function
  • Good understanding of the BNM regulations
  • Knowledge on local and cross border payments e.g. SWIFT, payment channels
  • Knowledge of BNM regulations and applicable regulatory reporting requirement and guidelines
  • Hands-on in key regulatory reporting e.g. ITIS, CCRIS, PIDM reporting is an added advantage
  • Project management and change management skills
  • Sound knowledge of procedures and risk management/effective Quality Assurance
  • Ability to work with a sense of urgency to meet internal and regulatory deadlines and address competing priorities.
  • Ability to manage alliances, relationship with regulator(s), internal/external stakeholders, cross functional initiatives and process integration
  • Solid knowledge on problem analysis and problem-solving
  • Effective written, listening and verbal communication skills
  • Self-motivated, diligent and meticulous

Posting Date: 09/07/2018
Location:
67 JALAN RAJA CHULAN - Kuala Lumpur
- Malaysia

Full / Part-time: Full time
Hours Per Week: 39