Compliance and Operational Risk Manager

Bank of America; Paris; Sur place; EUR 70 000 - 90 000; Plein temps

Avantages offerts par ce poste

Competitive retirement plan

Mandatory Medical Plan

24/7 health advice

Life and disability insurance

Time Savings Account

50% reimbursement of commuter pass

Nursery scheme

Employee Assistance Programme

Volunteer opportunities

Free entry to arts exhibitions

Résumé du poste

Bank of America is seeking a Compliance and Operational Risk Manager (Vice President) in Paris to ensure compliance and operational risk oversight for CFO valuation activities. This role entails assessing processes against regulations and managing risks. Candidates need several years' experience in financial services, a Bachelor’s Degree, and a strong understanding of EU regulations. The position offers a competitive retirement plan, mandatory medical coverage, and various benefits aimed at promoting well-being.

Qualifications

• Several years’ experience in financial services.
• Advisory, Monitoring, Surveillance, and Testing experience.
• Regulatory Compliance, Reporting, Risk Management.
• Strong technical understanding of EU prudential requirements.

Responsabilités

• Execute compliance and risk oversight for CFO valuation activities.
• Review processes for compliance with laws, rules, and regulations.
• Manage inventory of processes, risks, controls, and metrics.
• Provide independent compliance oversight for Bank of America's operations.

Connaissances

Critical Thinking

Influence

Issue Management

Business Process Analysis

Decision Making

Negotation

Written Communications

Formation

Bachelor’s Degree

Description du poste

Job Description

Job Title: Compliance and Operational Risk Manager

Corporate Title: Vice President

Location: Paris

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

Role Description

This position is responsible for executing second line of defense compliance and operational risk oversight for CFO valuation activities in Bank of America’s EMEA entities. The role reviews and challenges these activities such as the calculation, governance, controls, data quality and regulatory reporting of Prudential Valuation adjustments. The role ensures requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifies, challenges, escalates, and mitigates risks in a timely manner.

Key Responsibilities

• Assess risks and effectiveness of Front-Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations.
• Engage in activities to provide independent compliance and operational risk oversight of CFO valuations activities in Bank of America’s EMEA entities in alignment with the Global Compliance – Enterprise Policy, the Operational Risk Management – Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures.
• Identify and elevate problems or issues that arise and drive actions to address root causes that lead to compliance risk issues and/or operational risk losses.
• Manage inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
• Assist in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines.
• Analyze and interpret applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks.
• Review and challenge FLU/CF processes, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends while monitoring the regulatory environment for changes.

Managerial Responsibilities

• Manage associates and demonstrate inclusive environment aligned to company D&I goals.
• Show deep process knowledge, operational excellence, and innovation through a focus on simplicity, data-based decision-making, and continuous improvement.
• Communicate enterprise decisions, purpose, and results, and connect to team strategy, priorities, and contributions.
• Ensure proper risk discipline, controls, and culture to identify, elevate and debate issues.
• Provide inspection, coaching, and feedback to motivate, differentiate, and improve performance.
• Actively manage expenses and budgets in alignment with objectives, making sound financial decisions.
• Assess talent and build bench strength for roles across the organization.
• Deliver results by effectively prioritizing, inspecting, and appropriately delegating teamwork.

Qualifications

• Several years’ experience in financial services.
• Bachelor’s Degree.
• Advisory, Monitoring, Surveillance, and Testing experience.
• Regulatory Compliance, Reporting, Risk Management.
• Critical Thinking, Influence, Issue Management, Policies, Procedures, and Guidelines Management.
• Business Process Analysis, Decision Making, Negotiation, Process Management, and Written Communications.
• Strong technical understanding of EU prudential requirements, valuation methodologies, and the end‑to‑end capital reporting and governance framework.
• Ability to assess data quality, controls, and model risk.
• Proficiency in independent challenge, regulatory engagement, issue management, and translating complex valuation and regulatory concepts into clear risk assessments for senior management and supervisors.

Benefits

• Competitive retirement plan in addition to State plans.
• Mandatory Medical Plan provided by the bank as a top‑up to Social Security health benefits.
• Free health advice 24/7 through English and French speaking medical providers.
• Life and disability insurance.
• Time Savings Account (‘CET’).
• Reimbursement of 50% of commuter pass.
• Nursery scheme for children under age 3.
• Works council benefits.
• Employee Assistance Programme for confidential support.
• Volunteer opportunities with local charities.
• Free entry to arts exhibitions sponsored by BofA in Paris.

Equal Employment Opportunity

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.