Director; Compliance and Operational Risk Manager

Bank of America

3.2

(114)

Charlotte, NC

Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
  • #JR-25001371

    Position summary

    ivities.

    • Establish, monitor, and report on enterprise risk tolerance metric(s) that are translated and connected to relevant business metrics (Key Risk Indicators).

    • Monitor global regulatory environment and participate in industry forums to identify areas of focus and conduct benchmarking.

    • Create and maintain a global regulatory inventory, communicate regulatory changes to and engage the FLU/CF in assessing impacts of regulatory changes for enterprise area of coverage.

    • Develop and maintain relevant policies or review relevant FLU / CF policies to ensure they reflect regulatory and operational risk requirements.

    • Develop risk coverage strategies for financial institutions using deep subject matter expertise related to the regulatory environment, understand external events, and business processes that present increased compliance or operational risk.

    • Execute assessments centered on processes and regulations to evaluate the control environment sufficiency and sustainability.

    • Communicate with senior stakeholders to influence decisions and strategy regarding process health, control adequacy and performance, governance and escalation, and driving a culture of improvement.

    • Build and implement risk-based coverage, including Monitoring, Testing and Targeted Assessments to assess process control adequacy and performance.

    • Remote work may be permitted within a commutable distance from the worksite.

    Required Skills & Experience :

    • Bachelor's degree or equivalent in Economics, Mathematics, Statistics or related: and

    • 5 years of progressively responsible experience in the job offered or a related Quantitative occupation.

    • Must include 5 years of experience in each of the following:

    • Developing risk coverage strategies for financial institutions using deep subject matter expertise related to the regulatory environment, understanding external events, and business processes that present increased compliance or operational risk;

    • Executing assessments centered on processes and regulations to evaluate the control environment sufficiency and sustainability;

    • Communicating with senior stakeholders to influence decisions and strategy regarding process health, control adequacy and performance, governance and escalation, and driving a culture of improvement; and,

    • Building and implementing risk-based coverage, including Monitoring, Testing and Targeted Assessments to assess process control adequacy and performance.

    If interested apply online at https://www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number.

    Employer: Bank of America N.A.

    Shift:
    1st shift (United States of America)

    Hours Per Week:
    40

    Learn more about this role

    Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.