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Bank of America

Runs a US consumer bank, brokerage and investment bank

Compliance and Operational Risk Specialist

Regulatory Compliance & EthicsConfirmed live in the last 24 hours
Full-timeNo salary listed

About the Job

Requirements

  • At least 3 years of experience in specific Consumer knowledge and/or risk experience.
  • Bachelor's degree.
  • Strong grasp of operational risk concepts and frameworks.
  • Strong interpersonal and team collaboration skills.
  • Solid project management and organizational capabilities.
  • Ability to manage multiple priorities in a fast-paced environment.
  • Ability to work under pressure and meet tight deadlines.
  • Self-starter with flexibility and strong drive.
  • Monitoring, surveillance, and testing.
  • Process management.
  • Regulatory compliance.
  • Reporting.
  • Risk management.
  • Attention to detail.
  • Critical thinking.
  • Ability to interpret relevant laws, rules, and regulations.
  • Issue management.
  • Policies, procedures, and guidelines management.
  • Active listening.
  • Advisory.
  • Business process analysis.
  • Written communications.

Responsibilities

  • Assess risks and associated controls and their effectiveness; drive compliance with applicable laws, rules, and regulations; adhere to policies; and develop reporting and documentation.
  • Support Compliance and Operational Risk teams in providing independent compliance and operational risk oversight of Front Line Unit or Control Function performance and related third-party/vendor relationships, in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy, the Compliance and Operational Risk Management Program, and Standard Operating Procedures.
  • Identify and escalate problems or issues and drive actions to address root causes leading to compliance risk issues or operational risk losses.
  • Develop independent risk management reporting for areas of coverage as input into management routines.
  • Respond to regulatory inquiries, audits, and examinations.
  • Monitor the regulatory environment to identify changes applicable to areas of coverage and maintain a comprehensive regulatory inventory.

About the Company

Bank of America

Runs a US consumer bank, brokerage and investment bank

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company size
10,001+
Company stage
IPO
Headquarters
Charlotte, NC
Founded
1904

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