Assistant Vice President - Compliance and Operational Risk Specialist

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This role is responsible for testing execution of tests and surveillances aligned to the Global Banking and Markets (GBAM) division. Daily interaction occurs with senior compliance and supervisory management. The Testing Specialist, under supervision, conducts independent transactional and process testing on a team in support of needs identified by Compliance and Operational Risk Officers. Compliance testing may include activities such as automated surveillance and transaction level testing. The Testing Specialist is accountable for quality testing execution, reporting and analysis of results. This role may participate in test script development and test design. The Testing Specialist contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Test Execution function.

Responsibilities:

• Conducts independent transactional and process testing on a team in support of identified needs. A test is defined in the Independent Testing Enterprise Policy as “an independent point-in-time examination of one or more processes, controls, policies and procedures or data sources utilized for managing risk to assess the effectiveness of the control environment. A test is focused on answering a specific objective and has a pre-defined pass/fail criteria.” Testing may include activities such as automated surveillance and transaction level testing and may be performed onsite.
• Quality testing execution, reporting and analysis of results.
• Participate in test script development and test design.
• Contributes to the identification of themes and trends at the front line unit, control function and enterprise level. This role is an individual contributor in the Test Execution function.

Required Skills:

• 5 years Minimum Business & Functional Experience
• Bachelor’s Degree or Equivalent
• Excellent understanding of business, markets and products
• Ability to handle multiple projects in a dynamic environment
• Knowledge of specific regulatory environments and trading markets associated with APAC
• Fluent in both verbal and written English and Japanese to be able to communicate with internal and external stakeholders

• Ability to work independently while exercising sound judgment and appropriate escalation.

Desired Skills:

• Familiar with trade surveillance related external laws, rules, regulation, internal policies, standards and procedures (such as Market Conduct Risk Framework [38]) and industry guidance (such as best practices from the FICC Markets Standards Board).
• Experience using surveillance tools such as SMARTS and Actimize Surveillance
• Excellent interpersonal, written and verbal communication skills

• Intellectual curiosity, anticipate risk and forward thinking with a mindset to continuously drive to become better