Compliance and Operational Risk Manager

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Compliance and Operational Risk Manager

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locations

Charlotte

Pennington

time type

Full time

posted on

Posted 2 Days Ago

job requisition id

24011084

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit (FLU). Key responsibilities include oversight of FLU adherence to applicable Compliance and Operational Risk and the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented, and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while assisting in responding to regulatory inquiries, examinations and internal
Engages in activities to provide independent compliance and operational risk oversight of FLU in alignment with the Global compliance and operational risk policy, and the Compliance and Operational Risk Management Program and Standard Operating Procedures
Identifies and escalates problems or issues that arise in the FLU and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
Reviews and challenges FLU Single Process Inventory, and FLU Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
Develop an effective working relationship with FLU business controls team and other internal departments, such as Legal, Operations, Financial Crimes Compliance, and broker-dealer Supervision
Work closely with other Compliance and Operational Risk teams to ensure consistency in approach and best practices
Required qualifications:
7+ Years Business & Functional Experience
Degree Required: Bachelor’s Degree or equivalent experience
Skills:
Monitoring, Surveillance, and Testing
Regulatory Compliance
Reporting
Risk Management
Critical Thinking
Influence
Interpret Relevant Laws, Rules, and Regulations
Issue Management
Policies, Procedures, and Guidelines Management
Business Process Analysis
Decision Making
Negotiation
Process Management
Written Communications
Intellectually curious and dispassionately objective
Shift:
1st shift (United States of America)

Hours Per Week:
40

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Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:
1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
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4. Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume
• Do be brief. Resumes should be 1-2 pages in length.
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Seven steps to a successful interview
1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
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