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Job Description: Corporate Title: Up to Managing Director (MD) Location: Dublin Line of Business: BAMLI DAC Global Markets Compliance, EU
An exciting opportunity as Head of Global Markets Compliance, EU is available for a talented individual to work in a dynamic growing control environment. This is a senior compliance officer role within BAMLI DAC's Dublin Compliance and Operational Risk team, specialising in day-to-day coverage of the public-side FICC EU Business.
You will be responsible for independent oversight of the Global Markets Business in alignment with the Compliance Risk Management Program and the Global Compliance Enterprise Policy and for identification, critical issue and timely mitigation of compliance risks.
You will build effective working relations with Global Markets and in particular the FICC EU Management and departments and independently advise those managers and teams on how to deliver their business plans while effectively handling compliance risk.
You will have a deep understanding of Global Markets, including a knowledge of the asset classes and products traded across FICC, acquired through a role in the Business or coverage in a Legal or Compliance function at a major financial institution, accounting or law firm.
What will your main responsibilities involve?
Providing advice and mentorship on applicable exchange and regulatory requirements and firm policy issues and requirements
Ensuring timely and accurate responses to regulatory enquiries, including discussion with regulatory bodies relating to information required and deadlines, and liaising with internal groups to obtain information and prepare responses
Preparing for and coordinating regulatory visits, including briefing meaningful staff, noting pertinent Compliance points/questions raised by regulators during the visits, and following up on action points generated during visits where required
Providing transparency around our regulatory obligations to ensure the use of trading systems and algorithms comply as required
Participating as required in internal investigations into potential breaches of regulatory requirements or firm policy
Contributing to departmental initiatives with respect to regulatory developments and impact analysis on BofAML's business and support organisations
Reviewing potential instances of market abuse when this is brought to attention by LOB Surveillance Compliance and/or the Business
Liaising with and informing competent regulatory authorities about significant risks that may affect fair and orderly trading and major incidents where those risks crystallise
Working closely with Global FICC Compliance and Legal teams to ensure consistency in approach and standard methodologies, in addition to working effectively with other internal departments such as Credit Risk, Market Risk, Legal, Business Controls
Reviewing/updating Compliance policies and ensuring they are consistent with global and local regulatory practices
Assisting with the development of new and/or updating existing Monitoring & Testing items for the FICC EU Compliance Program from a local and global perspective and ensuring they are conducted, with appropriate raising and resolution of any issues or matters arising from those activities
Conducting impact analysis of new regulations on the FICC EU Business
Keeping abreast of regulatory change/developments and working with partners to implement from a Compliance perspective
Performing Risk Assessments on the FICC EU Businesses and resolving any necessary control enhancements/audit items required
Contributing to our Compliance Programme
Producing and delivering appropriate Compliance training
Educated to degree level or equivalent experience
Compliance, Legal or Regulatory qualifications are helpful
Meaningful experience in a similar role
Excellent verbal and written communication skills
Solid ability to influence across all levels of management and with regulators
Excellent relationship management skills
You make decisions in a high-energy environment and prioritise an intense workload effectively
Project management skills
Ability to self-identify priorities, deliver to deadline and handle contending demands and partners
You can interpret the aim of changing regulation and how it applies to the industry
Sound risk management skills and an ability to apply good judgement, take decisions when required and to intensify when necessary
Knowledge of relevant laws, rules, and regulations, which would e.g. include: Rules of the Irish Financial Regulator/CBI, Market Abuse Regulation, MIFID/MiFID II/MiFIR, EMIR and applicable US rules, especially Dodd Frank and Volcker
Genuine interest in FICC markets and the design and use of financial instruments, the banking world generally, and regulation and changing legislation
Experience in dealing with regulators
Flexibility - you are a problem solver and have the determination to seek answers to complex issues
The ability to translate laws, rules and regulations into practice (including policies/procedures)
You work independently, and as a great teammate, contributing to nurturing an upbeat team culture
Sound ability to identify Compliance risks and lead the delivery of Compliance work (e.g. control enhancements) to address/manage those risks
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