Job Information
Bank of America Director; Compliance and Operational Risk Manager in Charlotte, North Carolina
Director; Compliance and Operational Risk Manager
Charlotte, North Carolina
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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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Responsibilities
Create and manage a global coverage plan which defines the scope and focus of the second line’s risk management activities for the oversight of international financial crimes compliance and operational risk program across multiple jurisdictions.
Monitor global regulatory environment and participate in industry forums to identify areas of focus and conduct benchmarking to update international financial crimes Compliance and Operational Risk program elements, including the coverage activities, accordingly.
Communicate with International Financial Crimes Risk senior stakeholders to influence decisions and strategy regarding process health, control adequacy and performance, governance, metric performance, regulatory training needs and ensure necessary escalation to align with U.S.
and international risk management standards/ requirements by leveraging governance meetings and tools such as Monthly Process Performance Monitoring.
Develop and implement monitoring, testing, and targeted assessments, contributing to quarterly risk reviews, risk identification (Risk ID) and risk self-assessment (RCSA) as applicable and engaging as a Risk Officer for Project Change Management related to international Financial Crimes Risk across multiple regions to ensure compliance with US and International Financial Crimes Laws, Rules and Regulations (LRRs), and Enforcement Actions.
Ensure Compliance and Operational Risk “owned” issues (Internal Audit, Self-Identified issues, and Regulator identified issues) are addressed appropriately and timely.
Reviewing the issues, action steps and remediation efforts owned by International Global Financial Crimes Risk and providing feedback to the GCOR executive approvers.
Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience
Bachelor's degree or equivalent in Economics, Statistics, Finance, Law, or related: and
10 years of progressively responsible experience in the job offered or a related Quantitative occupation.
Must include 10 years of experience in each of the following:
Leveraging in-depth knowledge of Financial Crimes Frameworks, Laws, Rules, and Regulations (LRRs) to implement both U.S. and international regulations in international jurisdictions, differentiating between international and U.S. financial crimes compliance and operational risk landscapes, recognizing region-specific challenges, understanding the impact of external events, and addressing business processes that heighten compliance and operational risk through applying deep subject matter expertise in regulatory environments;
Interacting with international and U.S. financial regulators and handling regulatory examinations and remediation requirements across diverse jurisdictions;
Reconciling conflicting regulatory requirements, including US versus local laws in international regions, and develop and implement compliance and operational risk programs that align with both US and international regulatory expectations;
Reviewing and challenging the remediation plans/ actions for the Matters Requiring Attention (MRA), Matters Requiring Immediate Attention (MRIA) and Consent Order remediation efforts across both international regions and the U.S., ensuring compliance with regulatory requirements and addressing any identified gaps;
Working with centralized platforms for compliance and operational risk program elements, including monitoring, testing, targeted assessments, quarterly risk reviews, Risk and Control Self-Assessment (RCSA), Risk Identification (Risk ID), process management and issue management; and,
Executing Global Financial Crimes Compliance and Operational Risk oversight program for international jurisdictions within multinational financial institutions operating in complex regulatory environments.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
Bank of America N.A.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.