Senior Compliance & Operational Risk Oversight Leader

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

Job summary

Bank of America is seeking a senior professional to execute second line of defense compliance and risk oversight for Front Line Units and Controls. You will challenge processes, escalate issues, and ensure adherence to global compliance policies and risk programs.

The role focuses on identifying and mitigating regulatory risks, managing risk inventories, and producing independent risk reports for governance bodies. Strong regulatory acumen and a track record in financial services are essential.

Qualifications

• Minimum of seven years of relevant experience in a compliance or risk 2nd line function
• Experience with Alternative Investments, CIO, or treasury products
• May require regulatory examination/registration or certification, depending on jurisdiction and role
• Bachelor's Degree in a related field

Responsibilities

• Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations
• 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
• Identifies and escalates problems or issues that arise and drives actions to address 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
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance routines
• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice
• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment

Skills

Advisory

Regulatory Compliance

Risk Management

Written Communications

Decision Making

Influence

Issue Management

Process Management

Regulatory Knowledge

Compliance Risk Principles

Education

Bachelor's Degree in a related field

Job description

Bank of America is seeking a senior professional to execute second line of defense compliance and risk oversight for Front Line Units and Controls. You will challenge processes, escalate issues, and ensure adherence to global compliance policies and risk programs.

The role focuses on identifying and mitigating regulatory risks, managing risk inventories, and producing independent risk reports for governance bodies. Strong regulatory acumen and a track record in financial services are essential.