Vice President, Operations Risk & Control, Global Markets Operations

  • Competitive
  • Singapore
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 20 Aug 17

Vice President, Operations Risk & Control, Global Markets Operations

Job Description:
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.

Position Description
Operations Risk & Control are responsible for demonstrating, monitoring and managing the effectiveness and adequacy of the risk and control environment supporting Global Onboarding, Client Services and Pre-Trade Activities organisation within Global Markets Operations.
The role is responsible for providing risk management oversight under the risk and control framework by partnering with the line of business to continuously assess the risks and effectiveness of controls across the organisation.
Key Responsibilities

  • Face off with Operations line management and teams and provide risk management oversight and guidance for all risk and control issues
  • Perform an independent assessment of risk issues and control environment in line with the risk framework
  • Work with Operations line management and teams to strengthen the control environment and improve control culture and practices
  • Document, monitor and provide status reporting of operational risk events and risk issues that arise
  • Assist the Operations teams with internal audit and regulatory exam management. Support remediation of any gaps identified through audits.
  • Complete the requirements as set out by the Global Risk & Control function in respect of specific risk initiatives and projects
  • Work with Operations teams to improve risk culture awareness across the organisation
  • Work closely with other support partners e.g. Compliance, Audit, Operational Risk, Technology on key control issues to develop appropriate processes

Key Requirements
  • Knowledgeable in Global Markets products or support functions - a detailed understanding of the end to end trade lifecycle
  • Knowledge of key market Regulatory rules and principles
  • Understanding of key controls across a number of processes and/or products
  • Ability to effectively manage operational risks and to suggest control enhancements
  • Analytical and objective problem solver. Able to understand / learn complicated concepts and apply objective analysis to determine root cause and put forward recommendations for remediation
  • Positive and motivated to perform in an diverse environment where the type of work will regularly change
  • Proven track record of improving processes and demonstrating successful teamwork
  • Excellent communication skills (both written and verbal) with an ability to discuss risk-based conclusions or recommendations with senior management and or product line SMEs.
  • Excellent people /stakeholder management skills at all levels of seniority

Posting Date: 18/07/2017
Location: SG--Singapore

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