Global Markets Shared Operations: Assistant Vice President, Quantitative Middle Office, Global Banking and Market Operations
Bank Of America / Merrill Lynch
March 9, 2018
About Bank of America Merrill Lynch:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.
Bank of America Merrill Lynch is an equal opportunities employer.
The Data Steward team works on the data validation of feeds and monitoring of feed times so VaR figures are ready for senior management, risk managers and the desks in a timely fashion.Responsible for ensuring that Market Risk Data Management processes, infrastructure, and governance effectively support the business.
The Analyst Data Support role is a tactical role that will help lead the identification, assessment, documentation, and remediation of quality issues as part of production processes. This may involve interacting with business users or risk managers to resolve data quality problems using techniques such as root cause analysis. Data stewards looks at exceptional daily movements in Risk and verifies them by doing independent investigation. In case of system related issues, Data Stewards work with other stakeholders to remediate such issues.
Daily monitoring of feeds / data. Perform data quality diagnostics, investigate possible data errors and remediate poor data for accurate daily VAR calculation
Research new data requirements and closely work with Risk Managers and technology to identify feeds issues.
Be able to work with technology on strategic sourcing projects and participate in User Acceptance Testing and impact analyses.
Identify opportunities and suggest solutions to improve data quality and business processes.
Remediation of Asia specific data quality issue.
Perform reconciliation between Market risk system and Finance systems
Degree or Professional Qualification in a numerate a subject (i.e. finance, mathematics)
Prior experience in either Global Markets operations, Market Risk, Risk reporting or Data validation
Broad knowledge in financial products
Derivatives product knowledge is a plus
Understanding of Risk management concepts is a plus
Programing background Python/VBA is a plus
FRM preferred but not required
Ability to communicate effectively with the team and various teams within the bank to get results A team player who is ambitious and focused
Self-motivated, takes ownership of responsibilities assigned to him/her
Must have Advanced Excel/VBA skills and preferably SQL skills to build and maintain tools that will help in carrying out the responsibilities in this role
Proven ability to deliver high quality work in a relatively unsupervised environment, while working under pressure
Willing to question existing processes in a tactful manner
Posting Date: 08/03/2018 Location: Hong Kong, , KOWLOON COMMERCE CENTER TOWER 2, 51 KWAI CHEONG ROAD, - Hong Kong