Compliance & Operational Risk Manager - Global Control Room

Bank of America • New York, NY

107d • $97,200 - $192,200

About The Position

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! The Global Control Room (GCR) has a business-critical role to mitigate legal, compliance and reputational risk within the firm and is responsible for managing the flow of Material Non-Public Information between different areas within Global Banking, Global Markets & International business lines. GCR also plays a key role in assisting lines of business in implementing, monitoring, testing, and enforcing the Enterprise Information Wall Policy. This position is part of the Americas Control Room covering US, Canada, and Latin America. This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties.

Requirements

• 7+ years’ experience.
• Bachelor’s Degree or Equivalent experience.
• In depth knowledge of or certification in law, rule, regulation, or area of coverage.
• Demonstrates intellectual curiosity and drives operational excellence.
• Ability to think critically to quickly analyze and resolve issues.
• Influences and delivers results through collaborative relationship with key partners and stakeholders.
• Works independently to prioritize work and deliver against regulatory deadlines in a dynamic environment.
• Ability to demonstrate a high level of integrity with a mature approach to work.
• Discrete when handling confidential information.

Nice To Haves

• Control Room workflow experience or related knowledge; transferable skills.
• Diligent work ethic.
• Effective Communicator; Strong writing and presentation skills.
• Team player.
• Task oriented and willing to train junior team members.

Responsibilities

• Review Investment Banking (IB) transactions for potential addition(s) to the Watch List and/or Restricted List.
• Follow up with IB to receive deal updates.
• Review of Global Research reports prior to public dissemination against the Watch or Restricted List in accordance with Laws, Rules, and Regulations.
• Provide Global Markets principal/firm trade preclearance on restricted list issuers.
• Provide information wall subject matter expertise/consultation to support all lines of business and support partners.
• Assist with the training of new hires and junior team members.
• Respond to AMRS regulatory Inquiries, lead/facilitate meetings with Research Legal and Investment Banking Legal.
• Manage day to day Control Room processes.
• Assist AMRS manager in Quality Assurance reviews for the AMRS team.
• Provide training and awareness to the lines of business and their support partners on information wall topics.
• Contribute to global technology initiatives via idea generation, UAT testing or working alongside Global Tech and Operations support partners.
• Assess risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations.
• Engage in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships.
• Identify and escalate problems or issues that arise and drive actions to address the root causes that lead to compliance risk issues and/or operational risk losses.
• Manage inventory of processes, risks, controls, and associated metrics for risk appetite and limits.
• Assist in the development of independent risk management reporting for respective area(s) of coverage.
• Analyze and interpret applicable laws, rules, and regulations to provide clear and practical advice to stakeholders.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support to employees.
• Commitment to help employees through transition periods.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree