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Bank of America Director, Senior Country Compliance and Operational Risk Manager in Jakarta, Indonesia

Director, Senior Country Compliance and Operational Risk Manager

Jakarta, Indonesia

To proceed with your application, you must be at least 18 years of age.

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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!

Job Description:

This job is responsible for ensuring the identification, escalation, and timely mitigation of compliance and operational risks in BANA Jakarta Branch in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures. Key responsibilities include proactively engaging with other Compliance and Operational Risk (COR) officers, including Enterprise Areas of Coverage, to provide comprehensive oversight of Front Line Unit (FLU) and Control Function (CF) activities, including managing regulatory exams, audits, and inquiries.

Responsibilities:

  • Review new regulations or amendments to existing regulations, ensure that Front Line Units and Control Functions are engaged where necessary and perform an impact assessment.

  • Maintain an up to date inventory of all laws, rules and regulations impacting the Branch.

  • Provide COR training as necessary.

  • Providing advice on and approving COR policies and procedures.

  • Perform Compliance and Operational Risk assessments in the country and contribute to the Risk assessments for the region.

  • Conduct and review COR Monitoring, Targeted Assessments, evaluate results of Testing and advise on remediation (if any).

  • Liaise and manage regulatory examinations, coordinate the responses to regulatory inquiries and attend regulatory meetings.

  • Follow-up on regulator identified issues and their remediation.

  • Participating in new product reviews and approve new products for BANA Jakarta Branch.

  • Partnering with business and entity management in managing regulatory reporting obligations including COR owned non-financial regulatory reports.

  • Review and provide second line challenge on operational risk events.

  • Develop relationships with the respective lines of business, entity management as well as support functions to keep abreast of current business developments and regulatory issues that may impact the COR environment of the Bank.

  • Member of Local Management Team – Provide COR updates. Jointly and severally accountable for all aspects of running the branch corporate governance implementation.

  • Act as a liaison and foster good relationship with regulators, local banking associations and peer groups to keep abreast of any changes or new/upcoming regulations.

  • Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Skills:

  • Attention to Detail

  • Interpret Relevant Laws, Rules, and Regulations

  • Regulatory Compliance

  • Risk Management

  • Written Communications

  • Active Listening

  • Critical Thinking

  • Influence

  • Issue Management

  • Policies, Procedures, and Guidelines

  • Decision Making

  • Negotiation

  • Process Management

  • Relationship Building

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.

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