Technology Compliance and Operational Risk Manager

Bank of America • Chicago, IL

1d • $97,200 - $195,000 • Onsite

About The Position

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. 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. We’re looking for a seasoned risk leader to join the second line of defense, providing oversight and challenge for Global Operations Technology and Client Data Platforms (GOTSSCDP) and Enterprise Risk and Finance Technology (ERFT), two forward-looking CIO organizations within Global Technology. This is a high-impact opportunity to influence how we manage risk across platforms that directly affect some of the most critical services across the Global Technology organization.

Requirements

• Minimum of seven years of relevant experience
• May require regulatory examination/registration or certification, depending on jurisdiction and role
• AI and Generative AI risk expertise
• AI platform operations and monitoring experience
• Technology controls and operational risk management
• Observability, monitoring, and alert management understanding and tool experience
• Change management and lifecycle governance expertise
• Data analysis and risk reporting capabilities
• Experience with cloud and AI platforms
• Compliance, Operational Risk, or Technology Risk Experience
• Proven background in risk-related disciplines; strong experience with the Global Compliance & Operational Risk program from a 1st or 2nd line perspective.
• Strategic Thinking: Ability to translate complex risk concepts into clear, actionable guidance.
• Exceptional Communication & Influence: Communicates with clarity and impact; comfortable engaging at the executive level and shaping outcomes.
• AI Fluency & Analytical Skills: Leverages AI tools and data to inform risk assessments and drive decision-making.
• Business Acumen: Familiarity with GCOR programs, Global Technology policies, processes and risks.
• Risk & Issue Management: Skilled in identifying, assessing, and remediating operational risks and issues.
• Reporting & Insights: Proficient in generating actionable insights through data analysis and reporting tools.
• Stakeholder Engagement: Builds trust, challenges constructively, and partners effectively across the enterprise.

Nice To Haves

• Bachelor’s Degree in a related field
• Experience in financial services and/or a similarly regulated sector
• Second or third line of defense experience or experience in a business risk and controls role
• Strong familiarity with the Global Compliance & Operational Risk (GCOR) program and related tools / applications
• Familiarity with technology controls, cybersecurity, and IT Governance
• Familiarity with Global Technology policies and standards
• Familiarity with technology support functions, including relevant regulations and business risks
• Familiarity with the Issues Management program and tools
• Demonstrated success leading targeted assessments, audits, or regulatory exam engagements, including authoring responses, report outs and observations
• Proficient in analysis, reporting and related applications
• Communicates and Influences with Impact: Communicates complex ideas clearly, direct, concise, simple and contextual; avoids jargon
• Shapes the opinions and actions of others, gaining trust & commitment for desired outcomes
• Adjusts style and personalizes message to best connect with others; inspires others to follow his/her lead
• Constructively challenges; supports opinion and recommendations with facts and data
• Shares opinion with confidence; is persistent and tenacious for what is right
• Demonstrates productive edge, appropriately voicing and challenging opinions
• Demonstrates productive partnering with various stakeholders across the enterprise at all levels
• Role models effective communication and influence; develops others on this skill

Responsibilities

• Assesses risks and effectiveness of Front-Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
• Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships 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
• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• Conduct monitoring and provide independent review of the Front-Line Unit.
• Monitors inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
• Monitor and assess adherence to Global Technology policies and standards
• Perform inline review of ITGPST issue management activities, including remediation of regulatory issues

Benefits

• Access to paid time off
• Resources and support to our employees
• Discretionary incentive eligible
• Eligible for annual discretionary award based on individual performance, line of business performance, and overall company success.
• This role is currently benefits eligible.
• Industry-leading benefits
• Support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree