Cannabis jobs at Bank of America

Job Description:

GLOBAL EQUITIES - GOVERNANCE & REGULATORY RELATIONS DIRECTOR

Governance

• Assist in enhancing and maintaining governance structure for Global Equities (“GE”) to ensure that GE’s supervisory, regulatory, operational and reputational risks are properly identified, monitored and mitigated to allow for responsible business growth.
• Responsible for driving GE’s response to Audits and Self/Risk identified audit issues. Ensure governance around the timely identification, completion and validation of SIAI and RIAI action steps.
• Ensure consistency and coordination with broader Global Markets (“GM”) governance structures – for example working with Electronic Trading.
• Recommend and execute enhancements to existing governance structures and/or create new governance routines to meet new and evolving risks. Ensure that GE’s governance routines (and those in which GE participates e.g. BANA Governance Forum) are not duplicative; fulfill regulatory and supervisory requirements, and serve to escalate issues appropriately.
• Assist with preparing Agendas and materials for GE Committees and Forums.
• Participate in governance routines/working groups established to meet emerging risks (e.g., the new Crypto Currency policy or trading Cannabis-related companies).
• Participate in strategically important enterprise initiatives impacting GE to ensure that they adequately consider the nature of the business, including Operational Excellence programs.
• Assist with prioritizing and advocating for GE’s technology funding requests and partnering with Technology on delivery.

Regulatory & Legal

• Responsible for ensuring that all NFRR Reports owned by GE are compliant with the respective laws, rules and regulations on which they are based, and appropriately maintained in the Process Owner Portal. Compile the data dictionary (laying out the laws, rules and regulations of the report) and assist the NFRR report owner with validation of the report requirements and data points in the NFRR inventory. Responsible for reporting NFRR metrics. Engage with the NFRR Operations team and other business and control partners regarding tactical and strategic operational and technology changes required for accurate and timely NFRR regulatory reporting.

• Assist in preparing GE business for regulatory meetings, exams and inquiries.
• Assist GE business in working with GCOR and GFCC to comply with significant regulatory requirements impacting the enterprise (such as Sanctions and AML,) whilst also leveraging any business opportunities created/carved out in amendments/loop holes.

• Partner with the RIG Group and Regulatory Relations team to track and timely respond to routine regulatory inquiries.
• Assist with projects and initiatives to lower expenses in GE, including outside counsel fees

Requirements:

• Bachelor’s Degree
• 12 + years of experience in large Financial Services Firm
• Self starter w/ strong executive presence
• Conversant in Global Markets and Regulatory Implementation
• PMO Experience Required

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

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Job Description:

Job Role

• Business Executive: Equity Trading Risk Oversight
• Responsible for ongoing review, maintenance, and implementation of policy, governance, monitoring, and communications around high risk trading activities for Wealth Management clients

Job Overview

Trading volumes have increased dramatically and the breadth of potential categories of risk has increased with activity in securities linked to crypto, cannabis, OFAC sanctions, or with high short interest driving increased volatility. This role will focus on expanding our ability to monitor risk, activity, and exposure in high-risk securities, and to be proactive in initiating sound policy and routines to protect clients and the Firm. The role will necessitate close partnership with control partners and Operations, key channel partners in Merrill Lynch Wealth Management and Consumer Investments, and other impacted LOBs such as Margin Lending.

Responsibilities

• Responsible for ongoing review, maintenance, and implementation of policy, governance, monitoring, and communications around high risk trading activities for Wealth Management clients
• Partner with LOBs such as Margin Lending to coordinate approach to high-risk securities
• Coordinate with channel partners in Merrill Lynch Wealth Management and Consumer Investment to ensure alignment and agreement in approach to high-risk trading activity
• Deep participation in development of technological controls that will allow trading rules to be configurable across channels and client segments
• Maintain close coordination with GBAM around trading infrastructure and shared systems / controls
• Implement proactive monitoring routines through strategic technology builds to establish foundation for visibility and transparency of high-risk trading activity
• Key contributor to PMIC (Product approval and governance process) for any matters that implicate trading risk
• Drive communication to advisors and clients for any material changes in approach around Trading Risk which impact these stakeholders

Qualifications

• Series 7 license and expansive knowledge of securities, trading, markets, and WM
• Program Management Experience
• Resourcefulness and strong command of data, analytics, and technology
• Ability to execute and drive both short-term and long term projects with broad range of stakeholders
• Strong product knowledge
• 10 Years of Industry Experience

Coverage

• LOB, Operations, Technology, Compliance, Legal, Communications, Global Economic Sanctions
• Comprehensive Product Focus (Equities, Fixed Income, New Issue, Market Linked Investments), Consumer Investments, Retirement

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Apply for this job with Bank of America

Apply now →

By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company. Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply. Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.