Job Description: Corporate Title: Vice President (VP) Location: London Line of Business: GBAM Compliance
Are you a dedicated, diligent compliance professional? Want to join a dynamic, high-energy working environment? An exciting opportunity as a GBAM Compliance Research Specialist is available for a talented individual to work in our growing control function.
You will collaborate with the Compliance officer team in activities to contribute to the independent compliance oversight of EMEA Research (i.e. Equity, Credit, Economic, Commodities, Strategy and Corporate Access) and any related third party/vendor relationships in alignment with the Compliance Risk Management Program and the EMEA Compliance Enterprise Policy (GC Policy).
You will contribute to a globally consistent, risk-based compliance framework, including policies and procedures, training, risk assessments, monitoring and testing programs and regulatory adherence.
You will assist the Compliance Executive in maintaining and communicating regulatory changes, advising and directing business leaders to ensure that regulatory requirements are addressed in their respective procedures and controls so that their day to day activities operate in a compliant manner.
You will advise and direct front line units (EMEA Research, GCIB, GCM, Markets, Research Business Controls and Enterprise Areas of Coverage) to ensure that regulatory requirements are addressed in their respective procedures and controls so that their day to day activities operate in a compliant manner.
What will your main responsibilities involve?
Engaging other compliance officers, Enterprise Areas of Coverage roles, and horizontal function roles to provide oversight of EMEA Research activities
Investigating and addressing potential regulatory or compliance breaches and raising breaches for review and metric reporting
Chaperone communications between Equity Research and Banking personnel to ensure independence and integrity of the research function, proper business practices are followed, compliance with policies and information barriers are functioning
Providing mentorship on research matters to Research and Investment Banking Management/teams (including GCIB, GCM, GCB), Business Controls, other GBAM LOB Compliance teams, Enterprise Areas of Coverage (AIM, Control Room, GFCC) and Legal (Research and Capital Markets)
Coordinating and authorising Corporate Broking wall crossings. This involves liaising with Research Management, Research Analysts, Corporate Broking and Control Room
Providing mentorship to Research Management and analysts during the vetting process for capital markets transactions (i.e. IPO's and other capital raising transactions)
Providing mentorship and reviewing pre-deal research
Conducting compliance risk assessments of EMEA Research
Contributing to monitoring and testing coverage plans and related metrics for EMEA Research
Monitor and test the effectiveness of the front line unit and control function compliance risk controls
Identifying, aggregating, reporting and calling out compliance risks, issues and control improvements. Leading the remediation of raised items
Executing governance and management routines
Identifying compliance training needs, provide subject matter expertise to support development of training curriculum, and inspect EMEA Research participation
Assist business leaders in preparations for regulatory exams and audits for EMEA Research and related Enterprise Areas of Coverage
Administering Research Compliance training: new hire, annual, ad hoc, remedial etc.
Assisting Compliance Executive with Regulatory Inquiries team, Legal, Audit and other Control Functions on responses to regulatory inquiries and exams, audits and subpoenas
Inspecting that dedications made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed
Raising regulatory relations concerns to Compliance Executive
What skills and qualifications will you ideally possess? Qualifications:
Educated to degree level or equivalent experience
Experience as equity advisory generalist in comparable financial institution
Ability to take decisions when required and to raise when necessary
Genuine interest in the markets, regulation and changing legislation
Sound understanding of financial markets and the IPO process
A flexible and solution driven perspective, able to solve problems and a determination to seek answers to complex issues
Good Communication skills
Workable level of standard IT packages
Good team attitude, willing to interact and discuss issues in a team environments
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