Global Operations Compliance & Risk Leader

Bank of America; Pennington (AL); On-site; USD 97,000 - 195,000; Full time

Benefits offered by this job

Annual discretionary plan

Industry-leading benefits

Job summary

Bank of America is seeking a senior professional to execute second line of defense compliance and operational risk oversight for FLU, CF, and third parties in the United States. You will ensure adherence to Global Compliance and Operational Risk Management policies, escalate issues, and drive remediation with strong analytical and advisory capabilities.

The role requires seven years of experience, may need regulatory registrations, and a Bachelor's in a related field.

Qualifications

• Minimum of seven years of relevant experience.
• Regulatory examination/registration or certification may be required depending on jurisdiction and role.
• Bachelor's Degree in a related field.
• Experience in financial services or similarly regulated sector.

Responsibilities

• 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.
• Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management Program.
• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses.
• Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines.
• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks.
• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage.

Skills

Monitoring & Testing

Regulatory Compliance

Reporting

Advisory

Risk Management

Issue Management

Policies & Guidelines

Legal Interpretation

Critical Thinking

Influence

Business Analysis

Process Management

Decision Making

Negotiation

Written Communications

Education

Bachelor's degree

Job description

Bank of America is seeking a senior professional to execute second line of defense compliance and operational risk oversight for FLU, CF, and third parties in the United States. You will ensure adherence to Global Compliance and Operational Risk Management policies, escalate issues, and drive remediation with strong analytical and advisory capabilities.

The role requires seven years of experience, may need regulatory registrations, and a Bachelor's in a related field.