Compliance and Operational Risk Specialist

Bank of America•Charlotte, NC

15h•Onsite

About The Position

At Bank of America, the Compliance and Operational Risk Specialist is a Global Compliance & Operational Risk (GCOR) Analyst responsible for second-line risk coverage of Consumer and Small Business Product Risk assessments. The role provides independent oversight and effective challenge to the Front Line Unit (FLU), including review of the Single Process Inventory (SPI) and alignment of risks, controls, and metrics. The specialist oversees risk assessments, monitoring, testing, and issue validation; helps ensure effective control performance and remediation; and guides the business on regulatory requirements. The role supports compliance and operational risk oversight in alignment with applicable enterprise policies, programs, and procedures, and contributes to risk reporting, regulatory responses, and maintenance of regulatory inventories. Bank of America describes an in-office culture intended to support collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs. The position is listed as first shift and 40 hours per week.

Requirements

3+ years of experience in specific Consumer knowledge and/or Risk experience.
Bachelor's degree.
Strong grasp of operational risk concepts and frameworks.
Strong interpersonal and team collaboration skills.
Solid project management and organizational capabilities.
Ability to manage multiple priorities in a fast-paced environment.
Proven ability to work under pressure and meet tight deadlines.
Self-starter with flexibility and strong drive.
Skills in monitoring, surveillance, and testing; process management; regulatory compliance reporting; risk management; attention to detail; critical thinking; interpreting relevant laws, rules, and regulations; issue management; policies, procedures, and guidelines management; active listening; advisory; business process analysis; and written communications.

Responsibilities

Assist in assessing risks, associated controls, and control effectiveness; support compliance with applicable laws, rules, and regulations; adhere to policies; and develop reporting and documentation.
Support Compliance and Operational Risk teams in providing independent oversight of Front Line Unit or Control Function performance and related third-party or vendor relationships, in alignment with enterprise policies, the Compliance and Operational Risk Management Program, and standard operating procedures.
Help identify and escalate problems or issues and drive actions to address root causes of compliance risk issues and operational risk losses.
Assist in developing independent risk management reporting for areas of coverage as input to management routines.
Assist in responding to regulatory inquiries, audits, and examinations.
Monitor the regulatory environment to identify changes applicable to areas of coverage and maintain a comprehensive regulatory inventory.
Provide second-line oversight and effective challenge for Consumer and Small Business Product Risk assessments, including review of the Single Process Inventory and alignment of risks, controls, and metrics.
Oversee risk assessments, monitoring, testing, and issue validation; support effective control performance and remediation; and guide the business on regulatory requirements.