Strategic Compliance & Operational Risk Lead

NBMBAA; New Jersey; Sur place; USD 97 000 - 195 000; Plein temps

Avantages offerts par ce poste

Benefits eligible

Discretionary incentive plan

Résumé du poste

Bank of America is seeking a seasoned compliance and risk professional to execute second line of defense oversight for Front Line Units, Control Functions, and third parties. You will ensure adherence to Global Compliance and Operational Risk policies, and you will identify, escalate, and mitigate risks in a timely manner.

You will assess risks, review processes and controls, and provide clear guidance to stakeholders.

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.
• Experience in financial services and/or a similarly regulated sector.

Responsabilités

• 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 (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
• 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

Connaissances

Advisory

Monitoring, Surveillance, and Testing

Regulatory Compliance

Reporting

Risk Management

Critical Thinking

Influence

Interpret Relevant Laws, Rules, andReg

Issue Management

Policies, Procedures, and Guidelines

Business Process Analysis

Decision Making

Negotiation

Process Management

Written Communications

Formation

Bachelor’s Degree in a related field

Description du poste

Bank of America is seeking a seasoned compliance and risk professional to execute second line of defense oversight for Front Line Units, Control Functions, and third parties. You will ensure adherence to Global Compliance and Operational Risk policies, and you will identify, escalate, and mitigate risks in a timely manner.

You will assess risks, review processes and controls, and provide clear guidance to stakeholders.