Compliance and Operational Risk Manager
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
- Review indicative data (regulatory exam and issues, management raised issues, GFC outcomes from coverage activities, metric performance) related to GO AML/Sanctions processes and controls and develop and report a separate independent point of view on GO effectiveness of those processes / controls.
- Engagement in governance and applicable FLU routines related to AML and Sanctions.
- Coordinate across risk and participate in material Global Operations Material Projects involving AML and Sanctions.
- Stay current on GO Processes related to Financial Crimes Law Rules and Regulations.
Skills:
- Advisory
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Reporting
- Risk Management
- Critical Thinking
- Influence
- Interpret Relevant Laws, Rules, and Regulations
- Issue Management
- Policies, Procedures, and Guidelines Management
- Business Process Analysis
- Decision Making
- Negotiation
- Process Management
- Written Communications
Required Skills:
- 15 Years+ experience in banking operations, audit, or compliance or operational risk experience at a large financial firm.
- Knowledge of end-to-end processes of the Operational FLUs that perform daily AML, Sanctions and Commercial Fraud processes.
- Excellent written and oral communications skills to challenge, advise, and provide an independent Point of View to Sr. Management.
Shift: 1st shift (United States of America)
Hours Per Week: 40
Pay Transparency details:
Pay range $96,000.00 - $172,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan.
Benefits:
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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