Director, Compliance and Operational Risk Manager (Electronic Trading Compliance)
Bank of America
Hong Kong, Hong Kong

Job Description :

About Bank of America Merrill Lynch :

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries.

In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers.

We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities.

Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe.

Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business.

Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

The Compliance and Operational Risk Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance risks within the region.

This role is an individual contributor position in based in Hong Kong covering Electronic Trading Compliance.

Key Responsibilities

  • Liaise with senior management in APAC Equities and functional leaders in compliance, legal, risk, and Technology to provide effective challenge, guidance and advice
  • Lead the APAC Compliance team in participation across various electronic trading global, regional and cross-product Electronic Trading Governance Committees as a representative of the GCOR organization
  • Provide subject-matter expertise on rules and regulations pertaining to electronic trading across multiples APAC markets
  • Work with Sales, Trading, Quantitative Analysts, and Technology teams to review risks associated with algorithmic trading, providing guidance on pre-trade controls and algorithm implementation
  • Support the APAC electronic trading governance framework across the Equities division
  • Perform critical assessment and challenge during the development and implementation of electronic trading systems and algorithmic platforms
  • Work closely with colleagues across Equity Business, Technology and other stakeholder teams to promote best practice and consistency across divisions and asset classes
  • Support in the design and implementation of the Operational Risk Framework
  • Draft and review compliance policies and procedures related to electronic trading
  • Develop and deliver compliance training
  • To underscore the importance of hiring an APAC electronic trading compliance specialist, a number of regulatory initiatives, issues and incidents listed below have required the attributes and skillsets mentioned above in continuing to ensure prudent and effective risk management :

  • Complex market conduct and trade surveillance related matters involving challenging regulatory jurisdictions Hong Kong, Korea, Japan and Australia
  • Providing meaningful participation in ASIFMA and other electronic trading related industry forums
  • Engaging with industry consultation across complex regulatory initiatives such as data standards and market structure changes
  • Managing complex thematic regulatory inspections engaging with high technical internal and external stakeholders
  • APAC F&O Algorithmic trading related enforcement matter
  • APAC / Hong Kong Best Execution regulatory change process
  • Technology incidents impacting the trading platform and clients that require materiality assessments and potential regulatory notification
  • Key Requirements

  • Minimum 8 years of experience in Compliance or Regulatory Role or equivalent experience in Electronic Trading
  • Expertise with the regulatory and market structure framework of APAC and global Electronic Trading systems and Alternative Trading Systems
  • Ability to make recommendations and provide guidance to effectively advance projects across a globally integrated enterprise
  • Knowledge of equities products and trade flows with a focus on automated electronic trading systems
  • Knowledge of compliance change and operational risk
  • Excellent verbal and written communication skills with knowledge of and proficiency in the use of systems, technology and case management terminology, and the ability to translate technical terms into plain English
  • Strong interpersonal and leadership skills, with the ability to influence senior management and other stakeholders to successfully implement and deliver change
  • Leadership and management experience with strong technical and analytical skills
  • Strong business analysis and problem solving skills
  • Self-motivated, operates with a sense of urgency and strong attention to detail
  • Ability to multi-task and prioritize work in a deadline-intensive environment
  • Strong MS Word, Excel and PowerPoint skills and able to easily to manipulate and analyze broad range of data
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