Compliance & Op Risk Manager - EQ/Futures
New York
Bank of America
What would you like the power to do? For you and your family, your business and your community. At Bank of America, our purpose is to help make financial lives better through the power of every connection.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.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Global Surveillance Strategy Team Responsibilities
- Take ownership of and rationalize the surveillance alerts in our 2nd LOD function in order to improve the quality of alerts using expertise of product-specific market microstructure and supporting data.
- Improve the Surveillance program by identifying critical order / quote attributes that may impact the quality of alerts, including timestamps and market data.
- Lead periodic parameter reviews to analyze the quality and quantity of existing surveillance alerts and make recommendations for changes.
- Lead “effectiveness reviews” of surveillance alerts to take deep dives into the surveillance alert logic and make recommendations for improvements.
- Identify improvements in venue and product coverage by comparing transactional data from trading systems to surveillance alert generation.
- Serve as technical liaison for GBAM Compliance and Operational Risk groups regionally on interactions with internal technology teams and external vendors on all product-specific surveillance matters.
- Participate with the front-office in trading venue onboarding in order to ensure that surveillance of the new trading activity will work as needed.
- Participate in front-office market discussions to stay informed about new order types and changes to the market microstructure.
- Manage the Surveillance Technology Book-of-Work.
Global Surveillance Strategy Specialist – Role Description
- Assist in the execution of regular and fundamental reviews of the firm’s trade surveillance processes and procedures and implement changes where necessary;
- Help to drive the firm’s trade surveillance change program;
- Assist with the monitoring of current technology developments in trade surveillance and promote best practice initiatives;
- Assist with monitoring potential market abuse cases to provide advice and guidance on best practice as well as highlighting issues for policy or procedural change;
- Support ownership and rationalization of trade surveillance alerts in our 2nd LOD
- Assist with delivery of improvements to the Surveillance program by identifying critical order / quote attributes that may impact the quality of alerts, including timestamps and market data.
- Support periodic parameter reviews to analyze the quality and quantity of existing surveillance alerts and make recommendations for changes.
- Assist in transactional data analysis from trading systems and other data sources to verify completeness surveillance data set;
- Support team efforts to provide technical liaison for GBAM Compliance and Operational Risk groups regionally on interactions with internal technology teams and external vendors on all product-specific surveillance matters.
- Participate with the front-office in trading venue onboarding in order to ensure that surveillance of the new trading activity will work as needed.
- Participate in front-office market discussions to stay informed about new order types and changes to the market microstructure.
- Support management of the Surveillance Technology Book-of-Work.
Core Requirements
- Knowledge of general Market Misconduct behaviors in primary or secondary trading;
- Trading domain knowledge, including mechanics of exchange traded instruments and associated market microstructure;
- Knowledge and/or experience on a trading desk to include order placement and routing, market data, and the full trade life cycle, including clearance and settlement;
- Technical experience and understanding of data attributes associated with orders and fills (i.e. FIX protocol, binary protocols, etc.).
- Knowledge of SMARTS, Actimize and alternative surveillance systems (e.g. KX, TradingHub, OneTick or similar) – to include model logic and detailed data requirements;
- Programming and data management skills in order to:
- Carry out detailed analysis of model logic, calibration of parameters and ad-hoc data projects;
- Analyze raw data sets, drawing conclusions & developing (high level and detailed) recommendations;
- Basic understanding of statistics that includes mean, median, mode, standard deviation, etc.;
- Good MS office skills (Excel and PowerPoint);
- Strong written and verbal communication skills to ensure requirements are properly communicated to internal and external technology partners;
- Ability to interact with senior stakeholders and communicate efficiently and confidently;
- High aptitude, proactive and entrepreneurial skills to ensure a complete understanding of What, Why and How any problem should be solved, and propose solutions;
- Strong team player who works well with others and supports a culture of learning, knowledge sharing and teaching.
Extras
- Knowledge on latest data technologies that includes Python, Tableau, R and Machine Learning algorithms
Shift:
1st shift (United States of America)Hours Per Week:
40* Salary range is an estimate based on our AI, ML, Data Science Salary Index 💰
Tags: Data analysis Data management Excel Machine Learning Python R Statistics Tableau Teaching
Perks/benefits: Career development Startup environment
More jobs like this
Explore more AI, ML, Data Science career opportunities
Find even more open roles in Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Computer Vision (CV), Data Engineering, Data Analytics, Big Data, and Data Science in general - ordered by popularity of job title or skills, toolset and products used - below.
- Open Business Intelligence Developer jobs
- Open Data Science Manager jobs
- Open Data Engineer II jobs
- Open Principal Data Scientist jobs
- Open Business Data Analyst jobs
- Open BI Analyst jobs
- Open Data Scientist II jobs
- Open Business Intelligence Engineer jobs
- Open Sr Data Engineer jobs
- Open Lead Data Analyst jobs
- Open Data Science Intern jobs
- Open Senior Business Intelligence Analyst jobs
- Open Sr. Data Scientist jobs
- Open Junior Data Scientist jobs
- Open MLOps Engineer jobs
- Open Software Engineer, Machine Learning jobs
- Open Data Analytics Engineer jobs
- Open Marketing Data Analyst jobs
- Open Azure Data Engineer jobs
- Open Manager, Data Engineering jobs
- Open Data Engineer III jobs
- Open Junior Data Engineer jobs
- Open Data Analyst II jobs
- Open Product Data Analyst jobs
- Open Data Quality Analyst jobs
- Open GCP-related jobs
- Open Data quality-related jobs
- Open Excel-related jobs
- Open Privacy-related jobs
- Open Data pipelines-related jobs
- Open ML models-related jobs
- Open PhD-related jobs
- Open APIs-related jobs
- Open PyTorch-related jobs
- Open Finance-related jobs
- Open LLMs-related jobs
- Open Data visualization-related jobs
- Open TensorFlow-related jobs
- Open Business Intelligence-related jobs
- Open Deep Learning-related jobs
- Open Consulting-related jobs
- Open Generative AI-related jobs
- Open Data governance-related jobs
- Open NLP-related jobs
- Open CI/CD-related jobs
- Open DevOps-related jobs
- Open Kubernetes-related jobs
- Open Git-related jobs
- Open Hadoop-related jobs
- Open Snowflake-related jobs