GT Risk and Regulatory Portfolio Executive - Business Control Executive

Bank of America; New York (NY); On-site; USD 100,000 - 150,000; Full time

Job summary

An established industry player is seeking a seasoned Risk & Regulatory Portfolio Management Executive to enhance internal controls and operational excellence. This pivotal role involves leading risk strategies, collaborating with technology teams, and ensuring compliance with regulatory standards. The ideal candidate will have a strong background in technology and risk management, with the ability to communicate complex concepts effectively. Join a forward-thinking organization that values diversity and promotes a culture of continuous improvement and operational excellence, making a significant impact on financial lives through strategic risk management.

Qualifications

• 10+ years of relevant experience in technology and financial services.
• Ability to communicate complex topics clearly to diverse audiences.
• Strong collaboration and influencing skills.

Responsibilities

• Engage with stakeholders to identify control improvements.
• Promote a risk-aware culture and monitor operational risk.
• Define and lead risk mitigation strategies in technology.

Skills

Controls Management

Oral Communications

Risk Management

Stakeholder Management

Strategy Planning and Development

Continuous Improvement

Engagement Driving

Influence

Strategic Thinking

Talent Development

Data and Trend Analysis

Decision Making

Problem Solving

Quality Assurance

Education

Bachelor Degree or equivalent professional experience

Job description

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!

Job Overview:

This role involves leading a function dedicated to designing strategies to enhance internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include ensuring capabilities are in place for the effective execution of the Operational Risk Management Framework, including implementing LOB and ECF specific processes and tools to ensure compliance with enterprise standards. The role also involves providing oversight and establishing quality assurance and control processes.

LOB Specific Job Summary

The GT Risk & Regulatory Portfolio Management Executive will focus on applying risk management, regulatory engagement, and governance expertise to foster a culture of risk identification, escalation, and mitigation of compliance and operational risks. This senior position requires communicating and driving risk strategies and priorities in collaboration with executive leaders. The role involves working with technology teams, control partners, domain experts, and risk officers to proactively identify, assess, and address potential risks and gaps. Interaction with internal audit, compliance, operational risk executives, and external regulators is essential. The role also entails discussing emerging risks with front-line units and implementing mitigation strategies to reduce risk likelihood, utilizing technical expertise to develop strategic solutions, and ensuring sustainable policy adherence. The leader will report on progress and foster a risk-aware culture that balances risk reduction with operational excellence.

Responsibilities:

• Engage with stakeholders to identify issues and control improvements for remediation, ensuring issue resolution.
• Promote a risk-aware culture by monitoring and reporting on the operational risk profile.
• Oversee assessments of the risk and control environment to support operational services and ensure standards are met.
• Implement optimized controls and quality assurance practices to support business continuity.
• Ensure timely execution of QA activities, control execution, case management, and reporting.
• Manage operations responses for regulatory exams, audits, and reviews.
• Define and lead risk mitigation strategies, especially in technology areas, to ensure compliance.
• Partner with technology, divisional leads, and control functions to address risks.
• Identify recommendations for leadership to improve risk assessment and remediation processes.
• Utilize technical expertise in data management, AI, or information security to maintain sustainable risk solutions and oversee issue management activities.

Required Qualifications:

• 10+ years of relevant experience in technology, with some experience in financial services or risk management.
• Ability to communicate complex technical topics clearly to diverse audiences.
• Proven accountability and ownership in career progression.
• Ability to act as a change agent and drive change among stakeholders.
• Operational excellence mindset, solving complex risk issues efficiently.
• Strong collaboration and influencing skills.
• Comfortable with ambiguity, capable of simplifying and solving complex problems.
• Strategic, organized, versatile, and self-motivated with minimal supervision.
• Ability to prioritize, coordinate, and meet deadlines, demonstrating thematic analysis skills.

Desired Qualifications:

• Experience in a similar role within a global technology organization.

Skills:

• Controls Management
• Oral Communications
• Risk Management
• Stakeholder Management
• Strategy Planning and Development
• Continuous Improvement
• Engagement Driving
• Influence
• Strategic Thinking
• Talent Development
• Data and Trend Analysis
• Decision Making
• Problem Solving
• Quality Assurance

Educational Requirements: Bachelor Degree or equivalent professional experience.

Shift: 1st shift (United States)

Hours per Week: 40