Risk and Capital Project Lead
Bank of America
Risk and Capital Project Lead
London, United Kingdom
**Job Description:**
**Job Title: Risk and Capital Project Lead**
**Corporate Title: 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 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!
**Role Description**
The Global Market Change Management (GMCM) team is responsible for end to-end solutions to regulatory (including Risk & Capital) and business change.
Team members act as project managers and thought leaders for large strategic and regulatory change projects that impact EMEA GM. These can involve all parts of GM including Sales, Trading, as well as related teams in Legal, Compliance, Risk, Operations and Technology, both in the region and more globally. These projects are typically high profile and involve a high degree of strategic problem solving to ensure regulatory and/or commercial viability. The candidate will form part of a well-established and high-performing GMCM team in EMEA and globally.
**Responsibilities:**
As part of the GMCM team, this role will cover regulatory initiatives, with a focus on Risk and Capital, which may include:
+ Programme management, both on an end-to-end basis, and/or discrete sub-components
+ Co-ordination and oversight across various Risk and Capital projects and associated 1st and 2nd line partners
+ Driving work in co-ordination with relevant Business teams, as well as Support and Control partners, to ensure appropriate control frameworks are established
+ Running governance routines to facilitate key deliverables
+ Reviewing underlying legal/regulatory requirements with key stakeholders to determine business impact and appropriate response
+ Preparedness to challenge interpretations to ensure commercial and regulatory considerations are balanced
+ Collaborating with Business, Compliance and Legal teams to design and deliver training on key regulations / strategic projects
+ Delivering process walkthroughs, and appropriate ‘audit trail’ on project work
+ Support several high profile projects concurrently
+ Coordinate cross-border and/or cross legal entity conformance on such projects
+ Support or lead cross-LOB coordination on key regional and global Risk & Capital initiatives to ensure consistency and to identify/resolve any overlaps or conflicting guidance by business/jurisdiction
**What we are looking for:**
+ Strong comfort and familiarity with GM businesses (FICC, Equities, PB, F&O, etc.) and the Risk organisation (2nd Line of Defense).
+ Strong understanding of Risk and Capital regulations and Requirements , such as FRTB, Full Revaluation VaR, SA CVA and IMA/IMM, and CCAR (comprehensive Capital and analysis review).
+ Excellent verbal and written communication skills with ability to simplify complex information into messages targeted to various levels of leadership
+ Excellent critical thinking/problem solving skills
+ Very strong attention to detail
+ Experience of working with technical teams and translating technical concepts to business audiences
+ Must be able to work well in collaborative team environment, but also independently run initiatives
+ Excellent time management skills and ability to manage multiple competing/concurrent activities
+ Proficiency in Excel, Word and Power Point
+ Highly proficient in data aggregation, integration, and analysis
+ Extensive experience of Programme Management and knowledge of how programs run
**Benefits of working at Bank of America –** **UK**
+ 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
+ 20 days of back-up childcare including virtual tutoring 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 etc
+ Use of a flex fund to use towards benefits
+ Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
+ 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 programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
+ Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area
**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.
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 "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .
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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