Electronic Trading Governance & Controls Manager
Location: London, United Kingdom
Job Title: Electronic Trading Governance and Controls Manager – EMEA EQ
Corporate Title: Up to Director
Company Overview: 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.
Roles Description
The Platform and Electronic Trading Governance and Controls Team (ETGC) is a global team that reports to the Global Head of Electronic Trading. This team sits within the business and works alongside Electronic Trading Product Development and serves as the subject matter expert (SME) for all matters related to governance and controls. They are key drivers of business while maintaining a strong controls framework.
Key Responsibilities
- Act as EMEA EQ lead and own EMEA Equities governance across algorithms, Direct Electronic Access (DEA), platforms, and trading venues.
- Lead approval and change governance processes (new, significant change, re-approval). Ensure end-to-end governance coverage for all new launches, changes, and decommissions (algos, venue connectivity, platform changes).
- Apply and enforce the Electronic Trading Risk Framework, ensuring 1LOD accountability for effective risk management. Define and maintain controls, policies, and standards across the ET lifecycle (design, testing, deployment, monitoring).
- Oversee limit frameworks (inventory, calibration, periodic review) for algos, DEA, and platforms. Ensure real‑time monitoring, supervision, and issue escalation mechanisms are in place per ET risk taxonomy.
- Govern internal trading platforms, external vendor platforms, trading venue connectivity for EMEA EQ. Oversee access paths including onboarding, reviews, and periodic attestations.
- Act as primary SME for EQ MiFID II electronic trading obligations and related regional regulation (PRA/FCA). Lead responses to regulators, internal audit, 2LOD risk & compliance (ET compliance, market risk).
- Drive regulatory remediation programs (e.g., MRAs, thematic reviews) across EMEA EQ in alignment with global ETGC mandate.
- Partner across trading, technology, and control functions (1LOD–3LOD).
- Identify opportunities to centralize governance processes globally, improve efficiency and automation, enhance control effectiveness without impeding revenue generation.
- Contribute to strategic initiatives such as governance tooling, workflow digitization, data standardization.
Required Qualifications
- Demonstrated experience at Senior VP/entry level director level.
- Prior experience in electronic trading, either in trading, product development or 2nd line risk/control function at a tier 1 bank.
- EMEA EQ experience needed; technology experience preferred.
- Understanding of regulatory aspects: MiFID2, PRA, FCA.
- Excellent communication skills.
- Ability to navigate a diverse array of stakeholders across 1st, 2nd and 3rd LOD.
- Strong team player.
Benefits of Working at Bank of America (UK)
- Private healthcare for you and your family plus an annual health screen.
- Competitive pension plan, life assurance and group income protection cover.
- 26‑weeks paid maternity leave, 16‑weeks paid paternity leave and inclusive family leave arrangements.
- Flexible benefits: wellbeing account, travel insurance, critical illness, cycle‑to‑work, etc.
- Access to the Employee Assistance Program for confidential support.
- Opportunity to donate to charities through payroll with matching contributions.
- Corporate membership for arts & culture with discounted entry to UK cultural institutions.
- Volunteer opportunities to give back to the community.
Equal Opportunity Employer
We are an equal‑opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, colour, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws.
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