1 day old

Head of Volcker Supervision and Oversight

Bank of America
New York, NY
  • Job Code
Company Bank of America

Job Title Head of Volcker Supervision and Oversight

Jobid bankofamerica-18000378NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

**Business Overview:**

Global Wealth & Investment Management (GWIM) provides comprehensive wealth management, retirement and investment solutions to affluent and high-net-worth clients. The team provides retirement and benefit plan services, philanthropic solutions and asset management to individuals and institutions.

**Business Summary:**

Within GWIM, the main business units covered by this position include the Investment Solutions Group (“ISG”), Alternative Investments (“AI”) U.S. Trust, Bank of America Private Wealth Management (“U.S. Trust”), and GWIM Technology & Operations (“GWIM Tech & Ops”). This position will be part of GWIM’s ISG team, and will cover Volcker activities in coordination with each line of business.

GWIM does not engage in (i) proprietary trading in financial instruments, (ii) acquiring or retaining any equity, partnership or other ownership in, or sponsoring a hedge funds or private equity funds, unless an exclusion or exemption applies.

**Position Description** **:**

Associate will be responsible for the ongoing development, implementation and maintenance of GWIM's Volcker Program, in a manner consistent with the Rule, the Company's Enterprise Volcker Compliance Program and any Volcker Policy, Procedure or Standards established by the Company. Specific responsibilities include but are not limited to:

+ Working across GWIM entities to ensure compliance with the Volcker Rule

+ Effectively managing Volcker Risks

+ Ensuring Volcker Trading Desks do not purchase securities for firm accounts and do not hold inventory in anticipation of client purchases or sales

+ Addressing potential market risk positions

+ Ensuring business lines and support partners comply with firm processes for book opening/monitoring, limit monitoring, reviewing for High-Risk Assets/High-Risk Trading Strategies, Volcker reporting, etc

+ Maintaining that front-line units conduct activities in accordance with their Mission and Strategy/Trading Mandates, Policies, Procedures and Standards

+ Confirming Volcker documentation is accurate and up-to-date

+ Running GWIM Volcker Control Forums covering Trade Facilitation and Covered Fund activities and representing GWIM at Volcker Committee meetings

+ Creating, maintaining and presenting Volcker metrics, dashboards, etc.

+ Identifying and addressing any potential Volcker gaps, deficiencies and/or weaknesses


5-10 years of relevant industry experience in a governance, compliance or risk position. Series 7 and 24 preferred.

**Posting Date** : 01/04/2018

**Location** :


- United States

**Travel** : Yes, 5% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Head of Volcker Supervision and Oversight

Bank of America
New York, NY

Share this job

Head of Volcker Supervision and Oversight

Bank of America
New York, NY

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast