Electronic Trading Governance & Controls Manager

Job Description:

Job Title: Electronic Trading Governance and Controls Manager – EMEA EQ

Corporate Title: Up to Director

Location: London

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.
 
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
 
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
 
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

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 driver 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

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.

• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

• Access to an Employee Assistance Program for confidential support and help for everyday matters.

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities 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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.