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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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!
BACKGROUND
Global Risk Management (GRM) leads bank-wide initiatives for management of all aspects of risk, including strategic, market, credit, compliance, liquidity, operational, model, and reputational risk matters to support sustainable, profitable corporate growth.
In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we have established the Data Strategy & Management (DSM) function. A key pillar of this function is a growing Strategic Coordination and Implementation (SCI) team.
Under DSM Executive's leadership, the SCI team will develop a holistic vision on how best to structure data sourcing and data quality control strategy for GRM so it can unlock business value. This role provides you with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to co-develop solutions for GRM that drive the greatest value across the organization.
ROLE DESCRIPTION
This role will collaborate with the GRA & Markets Behaviors Surveillance team to help build different business cases and scenarios for identification of behaviors related to market manipulation.
• Collaboration with GRA & Markets Behaviors Surveillance team within GRM to understand the business case problems.
• Identification, evaluation and research on different use cases and scenarios for the trade surveillance - market disruption, market manipulation, financial or regulatory risks
• Identification of key trends, patterns in trading behaviors and market activities
• Work with the modeling team to provide market structure and regulatory expertise to build surveillance models.
• Participate in model design, development, and testing.
• Works in the development, execution, and enhancement of reporting to allow Risk and business partners to effectively identify and manage risk.
• Oversees the analysis of trends and oversees the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies.
• Serves as a liaison between the data, technology, and reporting teams in support of strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met.
• Reviews database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data.
• Manages communications related to complex ad-hoc requests for information from both internal and external parties, ensuring requests are addressed.
• Leads cross-functional strategic efforts to remediate data quality issues.
• Provides oversight of relevant systems and assures controls are operating effectively based on feedback received from the control checks and reviews.
Skills:
• Performance Management
• Project Management
• Regulatory Relations
• Risk Management
• Stakeholder Management
• Business Acumen
• Continuous Improvement
• Issue Management
• Risk Analytics
• Technical Documentation
• Adaptability
• Attention to Detail
• Business Intelligence
• Data Visualization
• Data and Trend Analysis
QUALIFICATIONS
• 4+ years of experience in global markets related to trading, controls, regulations or surveillance in one or more of these asset classes - Equities, FX, Commodities, Interest Rates, Credits
• Bachelors or Masters in computer science, finance, Information Systems or related field or relevant work experience.
• Understanding of financial markets and product
• Ability to monitor tight deadlines and adapt to unexpected requirement changes.
• Self-motivated with an ability to work on one's own with a strong sense of ownership and accountability in high-pressure situations.
PREFERRED QUALIFICATIONS
• Experience of programming in one or more among SQL, C/C++, Java, python
• Familiarity with one of the following areas - Trading, Consumer Banking, Wealth Management, Transaction Banking, Compliance Surveillance
• Understanding of algorithmic trading, their impact on markets and controls
• Experience in implementation/design of basic controls in trade surveillance systems
• Familiarity with different data types - orders, executions, market data
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)
Pay and benefits information
Pay range
$125,500.00 - $172,200.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.