Compliance & Operational Risk Specialist - CPO

Bank of America•Charlotte, NC

2d•Onsite

About The Position

This job is responsible for executing second line of defense compliance and operational risk oversight for Data Risk oversight in Bank of America’s EMEA entities. The role reviews and challenges these activities such as the calculation, governance, controls, data quality and regulatory reporting of Prudential Valuation adjustments. This job is responsible for assisting the Compliance and Operational Risk officer team to execute second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include 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 identifying, challenging, escalating, and mitigating risks in a timely manner.

Requirements

Bachelor’s Degree or equivalent experience in related discipline
3+ years of experience with finance processes, including financial planning and analysis, financial and regulatory reporting, and/or accounting
Strong analytical and organizational skills with a focus on attention to detail and accuracy
Ability to communicate in written and oral form with business stakeholders at all levels
Ability to manage multiple priorities in a time sensitive environment
Ability to collaborate effectively across multiple teams
Intellectual curiosity and learning agility

Nice To Haves

Monitoring
Surveillance, and Testing
Process Management
Regulatory Compliance
Reporting
Risk Management
Attention to Detail
Critical Thinking
Interpret Relevant Laws, Rules, and Regulations
Issue Management
Policies, Procedures, and Guidelines Management
Active Listening
Advisory
Business Process Analysis
Written Communications

Responsibilities

Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation
Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Data Risk 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
Assists in the development of independent risk management reporting for Data Risk as input into management routines
Assists in responding to regulatory inquiries and other audits and examinations for Data Risk
Monitors the data risk regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory