Global Operations Compliance and Operational Risk Manager

Bank of America • Pennington, AL

3d • $97,200 - $195,000 • 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 implementation of the Global Compliance Enterprise Policy, Operational Risk Management Enterprise Policy, Compliance and Operational Risk Management Program, and related Standard Operating Procedures. The role identifies, challenges, escalates, and mitigates risks in a timely manner, and provides independent oversight and practical regulatory guidance to stakeholders.

The position is based at Bank of America’s Pennington, New Jersey location. It is a first-shift role with a 40-hour workweek. The annualized pay range is $97,200 to $195,000, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and employee 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.

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 accordance with applicable policies, programs, and procedures.
• Identify and escalate problems or issues and drive actions that address root causes of compliance risk issues and operational risk losses.
• Manage inventories of processes, risks, controls, and associated risk appetite and limit metrics, and 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 advice to stakeholders 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 applicable changes.

Benefits

• Benefits eligibility.
• Paid time off.
• Annual discretionary incentive plan eligibility, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
• Resources and support for employee well-being and impact.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed