Senior Business Control Specialist - Global FICC & Derivatives Core Operations (FDCO)

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 20 Mar 18 2018-03-20

Senior Business Control Specialist - Global FICC & Derivatives Core Operations (FDCO)

Job Description:
Corporate Title: Vice President (VP)
Location: London
Line of Business: Global FICC & Derivatives Core Operations (FDCO)

Here in our London office we are looking to recruit a talented individual with a track record of driving change, a control mindset and a detailed understanding of the functions and processes within Trade support and Operations into the Operational Risk & Control team, based in the global FICC & Derivatives Core Operations organisation.

The Operational Risk & Control team works within the Global FICC & Derivatives Core Operations (FDCO) organisation and is responsible for:

  • Providing an independent assessment of control and risk issues for senior management
  • Working with line management to strengthen the control environment and improve control processes
  • Providing an oversight responsibility across regulatory processes
  • Control design review & control effectiveness testing
  • Embedding a risk awareness culture across the organisation
  • Designing and deploying independent monitoring and escalation functions across the organisation
  • Acting as a bridge between Operation teams and the Audit function
  • Ensuring the control framework is linked as necessary to appropriate Laws, Rules and regulations
  • Detailed investigation, analysis and presentation of operational risk events
  • Education of associates through presentations and work shops
  • Maintenance and development of control standards, and monitoring of compliance

In return we not only offer the training and support you'd expect from a leading global bank but also the opportunity to grow your career right here in London. With exposure to a variety of financial products and the continued year-on-year growth of the team, we can offer excellent mobility and development.

As a Senior Business Control Specialist your main responsibilities will involve:
  • Chair monthly risk reviews with the line of business you support
  • Challenge the line of business on their controls and evidence of control design & effectiveness
  • Review and assess all operational events generated by your line of business, identifying thematics where appropriate
  • Review/approve the raising & remediation for audit issues (including self-identified)
  • Review the Risk self-assessment by the line of business
  • Proactive Risk Partner for the line of business head (FDCO SLT member)
  • Deep dive investigations of significant risk and control issues
  • Understand and communicate impact on line of business of all relevant enterprise/regulatory led initiatives

As a Senior Business Control Specialist your skills and qualifications will ideally include:
  • Some experience of Trade Support/Operations and/or related support functions, including good understanding of the end to end trade lifecycle and the associated processes within the support functions
  • Some experience of Operational Risk
  • Project management experience (typically as part of a wider role)
  • Ability to interface across various levels within Trade Support, Technology, Operations, Finance and Front Office
  • High proficiency in PowerPoint, Word and Excel
  • Ability to lead and drive change
  • Excellent collaboration and relationship management skills
  • Control mindset
  • High sense of urgency with ability to drive results
  • Demonstrable evidence of stakeholder management
  • Effective multi-tasking and prioritisation skills
  • Self-starter, able to establish relationships and transcend multiple cross-functional/divisional boundaries, largely unaided
  • Ability to handle diverse workload and tight schedules.
  • Excellent risk assessment, negotiation and problem resolution skills
  • Proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution
  • Excellent verbal and written communication/presentation skills
  • Ability to work across business groups and in a team environment

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, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, 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.