Trade Surveillance Analyst - Charlotte, United States - Bank of America

Description

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Trade Surveillance Analyst

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locations

Charlotte

time type

Full time

posted on

Posted 26 Days Ago

job requisition id


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

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


Job Description Summary:

The Trade Surveillance analyst is primarily accountable for conducting "Market Conduct Trade Surveillance" which begins with computerized analyses of activities that trigger "alerts" requiring additional review to determine whether the activity was a violation of a law, rule, regulation, policy or procedure requirement related to one or more Market Conduct Risk Behaviors.

The Trade Surveillance analyst is accountable for reviewing alerts in accordance with prescribed guidance, and, reporting and analysis of results.

This role may participate in development and design of the scripts used to review the alerts.

The Trade Surveillance analyst collaborates with Compliance and Operational Risk on the identification of themes and trends at the front-line unit, control function and enterprise level.

Key

Responsibilities:

The Trade Surveillance analyst is accountable for providing consistent, sufficient, and quality alert disposition in a timely manner, and/or supports operational and administrative initiative activities related to the Trade Surveillance of the Functional area he or she supports.

This role interacts extensively with internal or external contacts to identify, research, analyze and resolve complex problems.

Daily responsibilities of the Trade Surveillance analyst include reviewing alerts utilizing prescribed scripts, identifying and documenting defects and providing daily updates to leads and managers as needed.

This role works closely with Risk, Compliance, and SMEs to conduct trade Surveillance.

The Trade Surveillance analyst has intermediate knowledge of the system(s) of record required to conduct trade surveillance activities and translates business strategy into work programs and processes.

This role may contribute and/or participate in multiple special projects.

Required Qualifications and Experience:

• 2+ years work experience in Trade Surveillances or related area
• Bachelor's Degree or equivalent experience
• Adaptability to dynamic work environment with multiple priorities and strict deadlines.
• Ability to work in a team-oriented environment.
• Ability to communicate through verbal, written and interpretational communication skills to all levels of the organization.
• Good understanding of business, markets and products
• Intellectual curiosity, anticipate risk and forward thinking

Desired Experience

• Understanding of the Financial Industry, front office or back office experience or market and product knowledge (Equities, Foreign Exchange, Fixed Income and Commodities/Futures Options.
• Front office or middle office experience, or trading related experience
• Experience using surveillance tools such as Actimize and/or Smarts Surveillance platforms
• Excellent interpersonal, written and verbal communication skills

Skills and Competencies:

• General understanding of trade surveillance, and the rules, laws, and regulations that address Market Misconduct
• Knowledge of Fixed Income and Equities related products
• Effective Verbal Communication
• Business Writing and Acumen
• Acts with Courage and Conviction
• Strong Business Acumen
• Drives Operational Excellence
• Critical Thinking and Analysis
• Attention to Detail
• Strong Partnership and Influencing Skills
• Collaboration
• Time Management
• Complex Problem Solving
• Judgment and Decision Making

Shift:
1st shift (United States of America)


Hours Per Week:
40

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Bank of America is committed to help employees through the transition period when they're displaced as a result of a workforce reduction, realignment or similar measure.

Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:

• Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
• Think about why you can do the job and make a list of your skills that are relative to the job.
• Identify experiences or accomplishments that show your proficiency in the skills required for the job.
• Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume

• Do be brief. Resumes should be 1-2 pages in length.
• Do be upbeat and active in your wording.
• Do emphasize what you have done clearly and concretely.
• Do be neat and well organized.
• Do have others proofread and critique your resume. Spell check. Make it error free.
• Do use high quality, white or light colored 81⁄2 x 11 paper. Use a laser printer if possible.
• Don't be dishonest, always tell the truth about yourself in the most flattering light.
• Don't include salary history or requirements.
• Don't include references.
• Don't include accomplishments that do not support your professional goals.

Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)

Don't use italics, underlining, shadows or other fancy treatments.
Seven steps to a successful interview

• Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
• Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
• Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
• Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
• Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
• Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
• Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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