Compliance and Operational Risk Executive, GCIB US

Bank of America•New York, NY

2d•$158,600 - $300,000•Onsite

About The Position

This is a key coverage and leadership role, required to manage appropriate second line coverage of the US GCIB business, and to establish strong working relationships with the GCIB Senior Leadership based in New York. This job requires significant navigation across the enterprise and frequent interaction with the US regulators. Key responsibilities include leading a compliance and operational risk team and 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 the team is identifying, challenging, escalating, and mitigating risks in a timely manner.

Requirements

10+ years prior industry experience within a Compliance/Risk, Corporate and Investment Banking, and/or Regulatory Relations field
Bachelor’s Degree
Investment & Corporate banking expertise
Credible Challenge
Issues Management & Resolution
Process Management & Inventory
Regulatory Knowledge
Regulatory Relations
Risk Identification & Assessment
Compliance Risk Principles
Compliance & Operational Risk Program Management
Operational Risk Principles
Technology Risk Principles
Communicates and influences impactfully
Creates and drives strategy
Demonstrates intellectual capacity and learning agility
Demonstrates sound decision making
Drives customer-focused results
Leads with an enterprise mindset and values
Leads with process discipline and operational excellence
Manages and scales capacity
Manages risk
Optimizes talent potential
Advisory
Decision Making
Interpret Relevant Laws, Rules, and Regulations
Regulatory Compliance
Risk Management
Executive Presence
Issue Management
Policies, Procedures, and Guidelines Management
Prioritization
Written Communications
Business Acumen
Business Process Analysis
Critical Thinking
Negotiation
Resource Management

Responsibilities

Oversees the assessment of risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations and adhering to policies
Oversees engagement in activities which provide independent compliance and operational risk oversight of Front Line Unit or Control Function 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
Oversees identification and escalation of problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
Oversees and manages inventory of risks and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
Manages the development of independent risk management reporting for respective area(s) of coverage for inputs into management routines which could include country/regional governance
Oversees monitoring of the regulatory environment to identify regulatory changes applicable to area(s) of coverage
Manage and execute on the coverage plan activities for the US GCIB business.
This position may also have responsibilities for managing associates.
Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.