Director; Compliance and Operational Risk Manager
Bank of America
Director; Compliance and Operational Risk Manager
Charlotte, North Carolina
**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. 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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Responsibilities** **:**
+ Create global coverage plan which defines the scope and focus of the second line's risk management activities.
+ Establish, monitor, and report on enterprise risk tolerance metric(s) that are translated and connected to relevant business metrics (Key Risk Indicators).
+ Monitor global regulatory environment and participate in industry forums to identify areas of focus and conduct benchmarking.
+ Create and maintain a global regulatory inventory, communicate regulatory changes to and engage the FLU/CF in assessing impacts of regulatory changes for enterprise area of coverage.
+ Develop and maintain relevant policies or review relevant FLU / CF policies to ensure they reflect regulatory and operational risk requirements.
+ Develop risk coverage strategies for financial institutions using deep subject matter expertise related to the regulatory environment, understand external events, and business processes that present increased compliance or operational risk.
+ Execute assessments centered on processes and regulations to evaluate the control environment sufficiency and sustainability.
+ Communicate with senior stakeholders to influence decisions and strategy regarding process health, control adequacy and performance, governance and escalation, and driving a culture of improvement.
+ Build and implement risk-based coverage, including Monitoring, Testing and Targeted Assessments to assess process control adequacy and performance.
+ Remote work may be permitted within a commutable distance from the worksite.
**Required Skills & Experience** **:**
+ Bachelor's degree or equivalent in Economics, Mathematics, Statistics or related: and
+ 5 years of progressively responsible experience in the job offered or a related Quantitative occupation.
+ Must include 5 years of experience in each of the following:
+ Developing risk coverage strategies for financial institutions using deep subject matter expertise related to the regulatory environment, understanding external events, and business processes that present increased compliance or operational risk;
+ Executing assessments centered on processes and regulations to evaluate the control environment sufficiency and sustainability;
+ Communicating with senior stakeholders to influence decisions and strategy regarding process health, control adequacy and performance, governance and escalation, and driving a culture of improvement; and,
+ Building and implementing risk-based coverage, including Monitoring, Testing and Targeted Assessments to assess process control adequacy and performance.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
**Employer** :Bank of America N.A.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, 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 and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
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View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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