Director; Compliance and Operational Risk Manager

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:

Hours Per Week: