Technology Compliance & Operational Risk Specialist, AI

Bank of America•Charlotte, NC

1d•Onsite

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! 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. In this role, you will provide independent assurance over AI governance activities, maintains audit ready documentation and evidence, performs quality reviews of risk assessments and approvals, and helps establish consistent governance standards, monitoring practices, and reporting across the AI portfolio.

Requirements

3+ years of experience in Audit, assurance, or risk oversight experience
Quality assurance and governance review expertise
Regulatory and audit evidence management
Policy, standards, and framework assessment experience
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
Strong analytical and documentation capabilities
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.

Nice To Haves

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

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 issue management activities, including remediation of regulatory issues