Compliance and Operational Risk Specialist

77-7777250 Default Company for France; Paris; On-site; EUR 90,000 - 120,000; Full time

Benefits offered by this job

Competitive retirement plan

Top-up medical plan

Life and disability insurance

Nursery scheme

Employee assistance program

Job summary

Bank of America Corporation, based in Paris, is seeking a Compliance and Operational Risk Specialist to support independent secondary reviews of GCOR programme elements for EU entities. The role involves ensuring policy compliance, identifying and escalating risks, and contributing to risk reporting and regulatory responses.

The successful candidate will work with the Global Risk Management team in a complex European environment, ensuring adherence to policies and controls while supporting

Qualifications

• Analytical thinking to assess risks and controls in GCOR programmes.
• Attention to detail in following global policies and procedures.
• Experience with risk management reporting and governance processes.

Responsibilities

• Assist in assessing risks and controls and ensure policy compliance.
• Conduct independent secondary reviews of GCOR programmes for EU entities.
• Support monitoring, testing, breaches, and regulatory liaison activities.
• Help develop risk management reporting for area coverage.
• Respond to regulatory inquiries and audits as needed.

Skills

Analytical Thinking

Attention to Detail

Policies, Procedures, Guidelines

Management Presentation Skills

Reporting and Data Management

Monitoring, Surveillance, and Testing

Stakeholder Management

Job description

Job Description

Job Title: Compliance and Operational Risk Specialist

Corporate Title: Up to Assistant 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. 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!

Location Overview

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

Role Description

This job is responsible for assisting the Compliance and Operational Risk officer team to execute independent Secondary Reviews of Global Compliance and Operational Risk (GCOR) programme elements applicable to Bank of America's EU Legal Entities and branches. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), 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

Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation Conduct independent secondary reviews of designated GCOR programmes covering either Compliance Risk or Operational Risk across EU legal entities, including: Monitoring Testing Trade Surveillance Targeted Assessments Issues and Control Enhancements Operational Losses Risk Appetite Statement (RAS) Breaches Operational Risk Laws, Rules, Regulatory Guidance (LRRG) Oversight. Assists in identifying and escalating problems or issues that arise 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 management routines Assists in responding to regulatory inquiries and other audits and examinations Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

Skills

Analytical Thinking Attention to Detail Policies, Procedures, and Guidelines Management Presentation Skills Reporting Data Collection and Entry Data Management Issue Management Monitoring, Surveillance, and Testing Quality Assurance Automation Change Management Policies, Procedures, and Guidelines Stakeholder Management Skills that will help: Global Risk Management experience

Benefits of working at Bank of America (France)

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris
• Bank of America: Good conduct and sound judgment is crucial to our long-term success.

Conduct and Code of Conduct

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.

Equal opportunities employer statement

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status 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.

Additional Company Culture Information

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!

Partnering Locally, Global Impact, Opportunity, Inclusion and Values

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.