Job Description: Corporate Title: Up to Managing Director (MD) Location: Dublin Line of Business: BAMLI DAC Private Side Compliance, EU
An exciting opportunity as Head of Private Side Compliance is available for a talented individual to work in our dynamic growing control environment.
This is a senior Compliance Officer role within BAMLI DAC's Dublin Compliance and Operational Risk team, specialising in the day-to-day Compliance coverage of Private Side businesses (in particular GCIB/Banking, GTS, Leasing, Wholesale Credit).
In this role you will lead members of the EU Private Side Compliance team daily, including allocation of tasks, review of performance and development of talent, providing them with adequate training and mentorship, supporting them vis-a-vis other partners, if and as necessary, and acting as partner concern point where required.
Additionally you will be responsible for independent Compliance oversight of Private Side businesses in alignment with the Compliance Risk Management Program and the Global Compliance Enterprise Policy and for identification, and timely mitigation of compliance risks.
You will possess excellent written and verbal interpersonal skills and solid influencing capability across all levels of management and with regulators. You will also have the ability to self-identify priorities, deliver to deadline and handle contending demands and partners.
You will have a deep understanding of Private Side businesses, including capital markets and banking products, acquired through a role in the Business or coverage in a Legal or Compliance function in a major financial institution, accounting or law firm.
What will your main responsibilities involve:
Provide daily Compliance coverage for the Private Side businesses and build relationships with business partners
Provide advice and mentorship on applicable regulatory requirements, policy issues and requirements
Provide dedicated, timely advice on the relevant regulatory and firm policy requirements on ad hoc queries, specific transactions, new product initiatives, etc.
Provide assistance to the Business Controls Office in the development of supervisory practices
Ensure that appropriate Monitoring & Testing is conducted, in line with compliance risk assessments and on a timely basis with appropriate critical issue and resolution of any issues or matters arising from those activities
Assist in preparing for regulatory visits, including conducting reviews of affected areas; briefing relevant staff; coordinating the logistics of the visit and contributing to the follow-up actions
Ensure timely and accurate responses to regulatory enquiries relating to Private Side businesses including discussion with regulatory bodies relating to information required and deadlines, and liaison with internal groups to obtain information and prepare responses
Participate as required in internal investigations into potential breaches of regulatory requirements or firm policy
Contribute to department initiatives in respect of regulatory developments and impact analysis on the firm's business and support organisations
Liaise with colleagues including Global and Regional LOB Compliance, EU Country Compliance, GFCC, the Control Room, other Lines of Business, and across regions
Work closely with the Global Compliance and Legal departments to build and deploy global policies and procedures
Ensure development and delivery of appropriate compliance training for Private Side employees
Educated to degree level or equivalent experience
Legal, Compliance or Regulatory qualifications are helpful
Meaningful experience in a similar role
Excellent relationship management skills
You can make decisions in a high-energy, rapidly-changing environment
Project management skills
Good team attitude, willing to interact and discuss issues in an upbeat team environment
Team management experience
Genuine interest in the securities markets and banking world, regulation and changing legislation
Experience in dealing with regulators
Sound risk management skills and an ability to apply good discernment, take decisions when required and to call out when necessary
Flexibility - you are a keen problem solver and have the determination to seek answers to complex issues
The ability to synthesise laws, rules and regulations into practice
Private healthcare coverage
Pension plan - 6% of base salary (we match employees contributions up to a maximum of 12%, or 15% after 15 years' service)
Vacation 25 days (ability to flex down or up with manager approval)
Group income protection
Personal accident insurance
As a valued member of our team you will also be eligible for a number of optional benefits including cycle to work scheme, dental cover, retail vouchers and reduced costs on selected leisure and entertainment.
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 Europe since 1922. 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 mind-set 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.