Global Markets Shared Operations: Vice President, Operations Risk & Control, Global Banking And Market Operations

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 20 May 18 2018-05-20

Global Markets Shared Operations: Vice President, Operations Risk & Control, Global Banking And Market Operations

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 Global Market Shared Operations - Operational Risk & Control (OR&C) team is seeking a Sr. Business Controls Specialist (VP). The GMSO OR&C team is responsible for the implementation of operational risk management policies, procedures, and standards for Global Markets Shared Operations globally. The team is directly accountable for Risk and Control issues of the GMSO Line of Business and also works with Corporate Operational Risk to implement GT&O Enterprise Risk standards.

Key goals of the team are to:

  • Promote a strong Risk Culture,
  • Understand our Risk Profile and Risk Appetite,
  • Establish sound risk management processes to effectively identify, measure, monitor, and control risk, and
  • Ensure we have proper Risk Governance in place to communicate, escalate, and debate risks.
  • As a Vice President of the Global Market Shared Operations (GMSO) OR&C team, the position will be responsible for Issue Management functions on behalf of GMSO.

Key Responsibilities
  • Engage w/ line of business operations for risk oversight and governance tasks as needed
  • Lead & perform root cause analysis of Operational issues
  • Draft issue summaries, detail, action plans, and milestones
  • Formal submission of issues into Issue Management systems of record
  • Manage issue timelines and perform an independent assessment of issue progress and risk mitigation efforts
  • Manage issue meetings and working groups
  • Perform issue status reporting
  • Collection of evidence in order to provide proof of remediation
  • Formal closure of issues
  • Perform issue trend analysis to identify themes and potential new issues
  • The position will work closely with Global Markets Shared Operations line management, various Corporate Operational Risk teams, Compliance, Audit, Legal, Technology, Front-Office COO teams, and other Risk partners

Key Requirements

The successful candidate will possess the following qualifications:
  • Minimum education requirements: college degree required, preferably with a concentration in a Finance-related field
  • At least 5 years experiences in Global Markets Operations (Collateral operations or Ops Risk experience are required)
  • Experience with operational risk management and implementation and improvement of process controls
  • Strong risk assessment skills
  • Understanding of the front-to-back trade life-cycle
  • Experience with Regulatory compliance
  • Process mapping skills is desired
  • Project management experience is beneficial
  • Excellent written and verbal communication skills
  • Strong collaboration, influence, and relationship management skills

Posting Date: 09/05/2018
Singapore, , 2 HARBOURFRONT PLACE #02,
- Singapore

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