Compliance and Operational Risk Specialist - CFO

Bank of America; New York (NY); Sur place; USD 71 000 - 131 000; Plein temps

Résumé du poste

Bank of America is seeking an experienced professional to perform second line of defense compliance and operational risk oversight for CFO Capital activities in US and EMEA, focusing on market risk capital and related regulations. Responsibilities include governance, data quality, and regulatory reporting within the Global Compliance and Operational Risk programs.

The role requires risk assessment, escalation of issues, and communication with regulators.

Qualifications

• 3+ years' experience in financial services.
• Bachelor's Degree required.
• Strong writing and presentation skills.
• Understanding of bank compliance and operational risk programs.
• Ability to influence across stakeholders including regulators.

Responsabilités

• Provide independent compliance and operational risk oversight of Front Line Unit performance and related third-party relationships.
• Assess risks and effectiveness of Front-Line Unit processes and controls for legal and regulatory compliance.
• Assist in identifying and escalating issues and driving root-cause actions.
• Develop independent risk management reporting for coverage areas.
• Respond to regulatory inquiries and audits/examinations.
• Monitor regulatory changes and maintain a regulatory inventory.

Connaissances

Capital risk / market risk experience

Compliance / operational risk

Team communication

Written communication

Collaboration

Bias for action

Autonomy

Critical thinking

Formation

Bachelor's degree

Description du poste

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This job is responsible for executing second line of defense compliance and operational risk oversight for CFO Capital activities in Bank of America's US and EMEA entities, with a particular focus on market risk capital and associated regulations. The role reviews and challenges these activities such as the calculation, governance, controls, data quality and regulatory reporting of market risk capital.

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

• Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
• Assesses risks and effectiveness of Front-Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
• 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
• 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 risks
• Assists in the development of independent risk management reporting for respective area(s) of coverage as inputs into management routines
• Assists in responding to regulatory inquiries and other audits or examinations
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

Required Skills

• Capital Risk and/or Market Risk Experience
• Compliance / Operational Risk Experience
• Minimum of 3 years' experience in financial services
• Bachelor's Degree
• Demonstrates bias for action in order to execute team priorities
• Intellectual curiosity - approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking
• Communication - ability to communicate effectively and with impact, including strong writing and presentation skills
• Understands the Bank of America Compliance and Operational Risk Program and how it applies to daily work activity
• Applies the context to work deliverables; demonstrates understanding of the "why"
• Collaboration - Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups
• Innovative - ability to identify simpler and better ways of doing things; embraces and adapts to change well
• Autonomy - self-starting, able to translate broad-strokes to actions. Actively seeks and executes on value-added opportunities Influence - ability to influence stakeholders and drive agenda

Skills

• Monitoring, Surveillance, and Testing
• Process Management
• Regulatory Compliance
• ReportingRisk Management
• Attention to Detail
• Critical Thinking
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Active Listening
• Advisory
• Business Process Analysis
• Written Communications

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$70,800.00 - $130,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.