EAC Compliance and Operational Risk Specialist

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.

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 supporting the execution of the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management Program.

Key responsibilities include assisting with identifying, escalating, and mitigating risks in a timely manner, supporting engagement and Control Functions (FLU / CF) leaders globally, coordinating with the FLU / CF Compliance and Operational Risk Officer teams, identifying themes and trends, conducting analysis for new and emerging risks.

Responsibilities :

• Assists in assessing risks, associated controls and their effectiveness, driving compliance with applicable laws, rules and regulations and adhering to policies, and developing reporting and documentation
• Engages in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function (FLU / 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
• Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and / or operational risk losses, and may assist with opening new issues in the centralized issues tool
• Maintains an inventory of processes, risks, and controls and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
• Assists in responding to regulatory inquiries and other audits and examinations including monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintain a comprehensive regulatory inventory, while supporting communication of regulatory changes to the FLU / CF and ensuring that policies, standards, procedures and / or processes are appropriately implemented or amended to address regulatory requirements
• 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

Required Skills :

• Analytical Thinking
• Previous experience within Risk and / or Compliance Management
• Experience and confidence with written and verbal communications with Executive Leadership
• Active Listening utilizing the lens of a Risk Partner
• Adaptability / Flexibility to understand the audience in any given situation
• Issues Management and Engagement (i.e. change theme identification, proper gap remediation, action plan reviews)
• Monitoring, Testing and Risk Assessments (including initial write-up and completion)
• Enterprise Policies, Standards, and Procedures
• Business Process Performance Management and Analysis

Desired Skills

• Tableau Reporting and Data Analysis
• Regulatory Compliance and ability to interpret Relevant Laws, Rules, and Regulations
• Minimum of two year's experience in Risk Management

Minimum Education Requirement : Bachelors Degree or Equivalent Experience

Shift :

1st shift (United States of America)

Hours Per Week :