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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Job Description:
This job is responsible for accurate and timely test development and execution and/or supporting operational and administrative activities related to the end to end test execution process. Key responsibilities of the job include executing high quality testing in accordance with the test script, documenting and escalating defects, preliminary reporting and analysis of results, and collaborating with Compliance and Operational Risk officers and/or Front Line Unit (FLU) process owners on the identification of themes and trends at the Front Line Unit (FLU), control function and Enterprise level.
Responsibilities:
- Conducts independent testing on a team in support of coverage needs identified by Compliance and Operational Risk officers and/or Front Line Unit process owners, inclusive of transactional, qualitative, onsite, employee quality review, and surveillance testing
- Identifies, documents, and escalates defects identified during testing, working closely with Compliance and Operational Risk officers and/or Front Line Unit process owners to validate preliminary results
- Collaborates with Compliance and Operational Risk officers and/or Front Line Unit process owners on the identification of themes and trends at the Front Line Unit, control function and enterprise level
- Manages the quality of the end to end execution process in accordance with the Independent Testing Enterprise Policy and Standard
- Supports the test development process as applicable depending upon the complexity of the testing
- Interacts with internal and/or external contacts to identify, research, analyze, and resolve complex problems
Skills:
- Adaptability
- Attention to Detail
- Collaboration
- Monitoring, Surveillance, and Testing
- Problem Solving
- Data Privacy and Protection
- Influence
- Issue Management
- Reporting
- Underwriting
- Interpret Relevant Laws, Rules, and Regulations
- Quality Assurance
Daily responsibilities of the Compliance Surveillance Specialist include execution of trade-surveillance alerts, identifying and escalating potential insider trading and trading activity that violates the firm's information wall policies and providing daily updates to surveillance leads and managers as needed. This role is on the Information Barrier Surveillance within Global Compliance and Operational Risk which falls under Global Risk Management LOB.
The Compliance Surveillance Specialist has intermediate knowledge of insider-trading and the risk it presents along with the required controls for the firm. We will also consider candidates who, while lacking in specific surveillance experience, demonstrate strong markets knowledge, intellectual curiosity, and strong analytical skills. This role will contribute and participate in multiple special projects across the organization.
Key Responsibilities:
• This role is accountable for accurate and timely alert review and/or supports operational and administrative initiative activities related to surveillance, specifically Insider Trading.
• Extensive interaction with internal and external contacts to identify, research, analyze and resolve complex problems
• Daily responsibilities of the Compliance Specialist include execution of Insider Trading alerts, helping to identify potential suspicious activity.
Core Skills:
• Proven Business & Functional Experience
• Knowledge of trading business, markets and products, such as Equities, Commodities, Futures & Options, FX and Fixed Income.
• Ability to handle multiple projects in a dynamic environment
• Excellent interpersonal, written and communication skills
• Intellectually curious with a risk and forward thinking mindset
Required Experience:
• Minimum of 2 + years' work experience.
• Bachelor's Degree or equivalent experience.
• Ability to analyze trading activity and market events.
• Intermediate prior exposure to trading and Global Markets.
• Technical skills specifically Microsoft office
Shift:
1st shift (United States of America)
Hours Per Week:
40