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Compliance Specialist Job Details

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Employer:  Bank of America
Job Ref No:  17068396
Job Title:  Compliance Specialist
Risk Type:  Regulatory/Compliance
Expertise:  Regulatory/Compliance
Job Description:

The Equity Aggregation AMRS team is part of the Global Compliance organization. The team is responsible for monitoring against regulatory ownership limits and regulatory reporting related to large shareholder positions. Failure to identify and appropriately manage regulatory reporting obligations can lead to financial penalties, civil or criminal liability, restriction of business activities and adverse action by regulatory authorities. Additionally, late or incorrect disclosures can cause significant reputational damage.

This role is responsible for reviewing Bank of America's positions for the purpose of regulatory shareholder reporting in all AMRS jurisdictions, including but not limited to Large Shareholder Reporting and responses to issuer requests where applicable. In addition, the team is responsible for monitoring firm holdings against regulatory hard limits, e.g., in sensitive industries, for each jurisdiction. Failure to properly report or breaches of regulatory limits can lead to regulatory fines, sanctions, and loss of business opportunity. The candidate will interact regularly with individuals in all relevant lines of business, as well as work with counsel and compliance.

Key Responsibilities:
  • Perform daily reviewing and disclosure of positions held by the firm
  • Take an active part in the sourcing and validation of data and functionality for the firm's new large shareholder and short selling databases.
  • Close liaison with the Line of Business and Compliance officers to confirm positions and any other issues arising from the holding of stock in a timely manner.
  • Liaise with compliance technology group on all matters of system enhancements.
  • Continued maintenance of the team's disaster recovery plans.
  • Engage in the analysis of new rules and regulations pertaining to the monitoring and reporting of holdings in equity as needed.
  • Continued maintenance of the team's desk procedures and regular production of management statistics and risk metrics.
  • Perform quality control of shareholder reporting processes.

Required Skills
  • Knowledge of Financial Markets, Banking Industry and products.
  • Demonstrate strong verbal and written communication skills.
  • Previous experience of large shareholder reporting or significant exposure to equities products within a similar environment.
  • The ability to work under pressure and within tight deadlines to a consistently high level of accuracy
  • Show initiative and react quickly to changes in priorities with the ability to quickly learn new procedures.
  • Strong technical skills ( i.e. Excel, MS Access and other similar applications) with experience in analyzing, manipulating and reporting from large sets of structured data (e.g. books and records data)
  • A clear and logical thought process with a propensity to question facts and data.

Desired Skills
  • 5+ years of compliance and/or equities experience
  • Knowledgeable about operations of equities and securities

Posting Date: 10/11/2017

- United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  North Carolina
City:  Charlotte

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