Global Operations Compliance and Operational Risk Manager

Bank of America•Charlotte, NC

2d•Onsite

About The Position

This role executes second-line-of-defense compliance and operational risk oversight for a Front-Line Unit, Control Function, and/or third parties. It ensures that applicable enterprise policies, the Compliance and Operational Risk Management Program, and standard operating procedures are implemented. The role identifies, challenges, escalates, and helps mitigate risks in a timely manner. The position provides independent oversight of business-unit and control-function performance, assesses processes and controls, and offers practical advice on applicable laws, rules, and regulations. It also supports regulatory inquiries, audits, examinations, risk reporting, and governance routines. The role is based at Bank of America’s Pennington, New Jersey location. The stated shift is first shift, with 40 hours per week. The annual pay range is $97,200 to $195,000, with offers determined by experience, education, and skill set. The position is eligible for an annual discretionary incentive plan and benefits, including paid time off.

Requirements

At least seven years of relevant experience.
May require regulatory examination, registration, or certification, depending on jurisdiction and role.
Skills in monitoring, surveillance, and testing; regulatory compliance reporting; advisory; risk management; issue management; policies, procedures, and guidelines management; interpreting relevant laws, rules, and regulations; critical thinking; influencing; business process analysis; process management; decision making; negotiation; and written communications.

Nice To Haves

Bachelor’s degree in a related field.
Experience in financial services and/or a similarly regulated sector.

Responsibilities

Assess risks and the effectiveness of Front-Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations, and respond to regulatory inquiries, audits, and examinations.
Provide independent compliance and operational risk oversight of Front-Line Unit or Control Function performance and related third-party or vendor relationships in alignment with enterprise policies and program procedures.
Identify and escalate problems or issues and drive actions addressing root causes of compliance risk issues and operational risk losses.
Manage inventories of processes, risks, controls, and related risk-appetite and limit metrics; report violations of compliance or regulatory activities.
Assist in developing independent risk management reporting for covered areas as input to country or regional governance and management routines.
Analyze and interpret applicable laws, rules, and regulations to provide clear, practical stakeholder advice and identify and manage risks.
Review and challenge Front-Line Unit or Control Function processes, risks, Single Process Inventory, and Risk and Control Self-Assessment for themes or trends, while monitoring the regulatory environment for relevant changes.