Compliance Specialist

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 17 Aug 18 2018-08-17

Compliance Specialist

Job Description:
Corporate Title: Vice President (VP)
Location: London
Line of Business: Global Transaction Services, Global Wholesale Banking Operations and Leasing.

Are you a dedicated, talented Compliance professional? Want to take the next step in your career within a growing, dynamic team?

GTS, GWBO & Leasing Compliance for EMEA are looking to hire a VP Level associate to join our team. We have end to end responsibility for the execution of the Enterprise Compliance Program related to four Level 3 Enterprise Risk Hierarchies (ERHs).

GTS offers a suite of products and services, including Payments and Receipts, Commercial Card, Liquidity and Trade Finance to wholesale clients. Global Leasing offers Loans & Leases and BAMS Merchant Acquiring services. GWBO is the operational support team for the business areas.

What will your main responsibilities involve?

  • Responsible for the effective execution of Compliance Policy requirements associated with all products handled by GTS
  • Area of coverage includes end-to-end oversight of product management, where there is a regulatory nexus for GTS business activity
  • Serve as key contact for assigned coverage area to provide subject matter expertise, and coordinate support across multiple compliance resources, including all branch presence countries
  • Support the assessment and implementation of regulatory change, training and policies, adequate compliance monitoring and testing, and support the timely identification and remediation of compliance risk issues as necessary
  • Support activities with appropriate reporting and communication to key partners, including regulatory agencies as appropriate
  • Build and maintain independent compliance oversight of business
  • Exercises discernment and influence senior business managers and peers to ensure implementation of compliance programs, balancing business strategy with appropriate controls
  • Promote the culture of Compliance and ensures the identification and timely mitigation of compliance risks
  • Documenting & updating procedures

What skills and qualifications will you ideally possess?

  • Ideally degree educated, or meaningful vocational qualifications, or equivalent experience

  • Consistent track record with experience in either transactional banking business, support and / or a risk & compliance environment on a global banking institution
  • Sound communication and interpersonal skills, including prior experience with change management and/or learning roles
  • Prior transaction banking business experience, including product development, operational controls implementation, and risk management, will be critical
  • You will be a great teammate

  • Standout colleague, but willing and capable of being a sole contributor when required
  • Willing to challenge, intensify and debate
  • Impartial & Independent; acts with integrity

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you're interested in this opportunity please send your details to us by applying online.
Good conduct and sound judgment 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 mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
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.