Analyst/Associate Business Controls Officer BCO Paris

JOB DESCRIPTION: Bank of America Merrill Lynch offers a broad range of products and services across corporate banking, corporate finance and advisory, capital markets, debt and equity sales and trading. Supporting our Global Markets Sales & Trading teams in Europe, this position will be based in Paris and will sit within the Business Controls Function –a key partner for the line of business heads and the front office Our sales and trading professionals within Global Markets are at the centre of the world's financial markets, providing liquidity, industry-leading insights and analytics, competitive pricing and added value across the spectrum of debt and equity markets. The Supervisory and Control Function is an in-business group providing a range of advisory and execution services for the Global Markets businesses, including analysis and performance of key supervision and control tasks. There is an opportunity within the FICC Business Controls team for a French speaker to be based within our new Paris office. They will be primarily responsible for supporting supervisors in the EU FICC businesses as well as the wider EMEA Business Controls organization, including driving strategic and tactical change projects to improve the supervisory environment. The ideal candidate should be a self-starter, who is comfortable taking the initiative with often limited information. The FICC Business Control team is split across London and Paris. RESPONSIBILITIES: The role will be responsible for undertaking and supporting business controls activity in the FICC business in Europe, based in Paris. Responsibilities will include: * Supporting the management of the FICC business in the strategic understanding and practical mitigation of their control risks and the evolution of the business’ risk culture * Support for FICC products and local regulatory and governance projects * Supporting BAU responsibilities within Business Controls * Undertaking programme-wide initiatives to enhance the control framework, such as identification and resolution of Audit Issues, including the managing and implementation of Action Items * Understanding and implementing the front office supervision and control arrangements using the firm’s tools (including who is supervising whom, at what activities, how and how well) * Performing and documenting any relevant follow up assessments in consultation with the supervisors * Ensuring the supervisors are constantly aware of any issues – and are aware of their ongoing responsibilities to supervise * Working with Enterprise Control Functions (Operations, Legal and Compliance, Finance, Risk, IT, HR, Audit) to ensure end-to-end processes for all client and trade activity are controlled * Working with Enterprise Control functions to improve the quality of the supervisory reports * Performing deep-dives into producer activities and the economics and risks of products to identify control weaknesses or gaps in processes and activities and remediating weaknesses * Working across the region with the Business Control and COO teams in each country where there is FICC activity to ensure that the supervisory control framework for the business is common and effective in each location and responding to local issues Essential skills/experience: * Fluent in French and English (professional level) * Very high attention to detail, able to present information to senior audiences confident in the accuracy of their underlying data. * Creative thinking: the ability to generate new ideas and possibilities, and to see business opportunities – and risks – with a constructive perspective * Have exceptional communication/relationship skills * Have the ability to run complex tasks ; collaborative and analytical approach * Have a strong academic background or equivalent experience * Have good IT skills and the ability to develop ad hoc solutions * Control mindset: a commitment to ensuring that the business does the right thing * Consulting skills: an ability to provide added value, including innovative approaches and new or improved solutions * Flexibility: the capacity to adapt approach in light of shifting priorities or changing conditions * Personal Effectiveness: strong communication, decisiveness, energy, drive, courage and character. A thinker – and a doer DESIRABLE SKILLS/EXPERIENCE: * FICC product knowledge * Data handling capabilities; Excel / VBA / ZinGo JOB BAND: H6 SHIFT: HOURS PER WEEK: 35 WEEKLY SCHEDULE: REFERRAL BONUS AMOUNT: 0