Skip to main content

This job has expired

E-Risk Trading Executive, MD

Employer
Bank of America
Location
Lambeth, UK
Salary
Competitive
Closing date
Oct 22, 2019

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description:Corporate Title: Managing Director

Location:
LondonLine of Business: Global RiskHere in our London office we are looking to recruit an E-Risk Trading Executive to drive global consistency of electronic trading risk management program and offset key dependency of the existing electronic trading risk executive. Electronic Trading Risk's operating model is risk management by region and product.Employees in EMEA benefit from working in a company that invests billions of dollars each year in leading-edge technology, and from working in a company that excels in delivering operating services.Our team expects excellence, rewards high performance, develops its leaders, encourages innovation, demands integrity, cultivates trust and teamwork, and promotes diversity and inclusion. That culture, combined with market leadership and a wide array of professional opportunities, enables us to attract and retain the brightest minds in the business.What will your key responsibilities involve?Globally coordinated risk oversight of electronic trading for all flows with primary responsibility for driving cross-product and cross region initiativesCollaborating with risk managers, business heads & control partners to build uniform standards of execution controls across various platforms so as to mitigate reputational risk and monetary lossIdentifying and categorising the risks associated with all electronically traded flow.In coordination with the Business, technology and control partners establish and/or validate that cross-product consistency and coordination exists for the oversight of all identified risksEnsuring risk oversight feeds into the appropriate governance modelBuild and maintain a global electronic trading limits structure, including limit-setting, maintenance, intra-day actions, recalibration and reportingEnsure the development of globally consistent metrics and the identification of key performance metrics quantifying the effectiveness of the control frameworkEstablish a framework to reviewing electronically traded flow in the context of system capacity constraints and the operational environmentOwnership of the governance framework to review the use of execution algorithms and direct electronic access and the associated risk & control frameworkWorking with Execution Services Technology to identify and handle control risks. Contribute to test planning and deployment as appropriateCreation and presentation of materials to regulators as part of business-as-usual and examinationsWhat skills and qualifications will you ideally possess?Extensive knowledge and experience in electronic tradingDeep understanding of market micro structureFamiliarity with electronic trading strategies and algorithmsExperience from within an Execution Services businessDirect exposure to algorithms - either as a trader, business manager or technologistA broad understanding of traditional Operational, Market and Credit risks and controlsAn understanding of the current electronic trading regulatory framework, in particular MiFID II and PRA SS5/18An understanding of electronic trading regulatory trends and future requirementsA track record of regulatory interactionAbout 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 EMEA since 1922. With offices in 19 countries on three continents, 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.Apply 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 mindset 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.Full time

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert