Job Information
Bank of America Director, Business Controls Officer - Fixed Income, Currencies and Commodities, Hong Kong in HONG KONG ISLAND, Hong Kong
Director, Business Controls Officer - Fixed Income, Currencies and Commodities, Hong Kong
HONG KONG ISLAND, Hong Kong
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To proceed with your application, you must be at least 18 years of age.
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Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Supporting our FICC business in Asia, this position will be based in Hong Kong and will sit within the Business Controls (BCO) Function – which is part of the GM COO organization and is the key control partner for the line of business heads and the front office. Our sales and trading professionals within GM are at the center of the world's financial markets, providing liquidity, industry-leading insights and analytics, competitive pricing and added value across the spectrum of debt and equity markets. The BCO Function is an in-business group providing a range of supervisory, advisory and control implementation for the businesses, including analysis of key metrics, supervision, and various control tasks.
Responsibilities:
The role will be responsible for undertaking and supporting supervision activity in the FICC business in Asia Pacific, based in Hong Kong. Responsibilities will include:
Understanding and implementing the front office supervision and control arrangements using the firm’s tools
Face off supervisors and business to ensure supervision is performing
Working across the region with the Business Control and COO teams in each country where there is nexus to FICC activity to ensure that the control framework is common and effective in each location
Supporting the businesses in mitigating UA trading risk; applying key control and testing and working closely with trade and e-communication surveillance
Reviewing daily activity reports and other control tools to identify any areas of concern for follow up and escalation
Performing and documenting any relevant follow up assessments in consultation with the supervisors
Ensuring the supervisors are constantly aware of any issues – and are aware of their ongoing responsibilities to supervise
Working with Enterprise Control Functions (Operations, Legal and Compliance, Finance, Risk, Tech, HR, Audit) to ensure end-to-end processes for all client and trade activity are controlled and monitored
Working with Enterprise Control functions to improve the quality of the supervisory reports and UA trading detection
Requirements:
Industry experience in FICC markets, understanding of back-office and middle-office processes would be advantageous.
Proven problem-solving and analytics skills.
Strong academic background or equivalent. Working knowledge of market products - fixed income, futures & options expected.
Strong presentation skills with advanced knowledge of Excel, Word, and PowerPoint. Experience or knowledge of developing macros / excel solutions preferred. Metrics generation, KRI presentation and trending analysis will be an added advantage.
Exceptional communication/relationship skills.
Control Mindset: Commitment to ensuring that the business does the right thing. Identifying control deficiencies plus developing timely and sustainable solutions.
Creative Thinking: the ability to generate new ideas and possibilities, and to see business opportunities – and risks – with a constructive perspective.
Consulting Skills: an ability to provide added value, including innovative approaches and new or improved solutions.
Flexibility: the capacity to adapt approach in light of shifting priorities or changing conditions.
Personal Effectiveness: strong communication, decisiveness, energy, drive, courage and character. A thinker – and a do-er.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.