Full-Time

Director – Enterprise Volcker

Posted on 11/19/2024

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Compensation Overview

$175k - $250kAnnually

+ Discretionary Incentive

Senior, Expert

New York, NY, USA

Located at ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100).

Category
Risk Management
Sales & Trading
Finance & Banking
Requirements
  • Bachelor's degree or equivalent work experience
  • Preferable experience with US regulations and/or Global Markets products via roles in the front office, operations, technology, compliance or finance
  • A global markets, finance, technology or market risk background
  • Excellent verbal and written and oral communication with poise to communicate with senior members of the Global Markets organization
  • Strategic thinker and execution minded with the ability manage deliverables independently and to handle pressure
  • Ability to help identify governance and control gaps, process inefficiencies and demonstrates a focused desire to understand requirements and drive/implement improvements
  • Ability to positively influence others, regardless of seniority, in order to achieve results
  • Able to adapt to changing business/regulatory environments
  • Excellent time management, organization skills and ability to prioritize and manage competing priorities with excellent attention to detail
  • Must be able to work well in collaborative team environment, but also independently
Responsibilities
  • Coordinate materials for the Volcker Committee and Volcker Control Forums across Global Markets and Capital Markets.
  • Responsible for maintaining the Volcker Committee and Control Forum Charters and membership, ensuring adherence to Management Committee Guidelines.
  • Maintain LOB Mission and Strategy Documents, Volcker Committee and Volcker Control Forum materials/approvals in accordance with the Volcker Rule and the Bank’s Record Retention Policy.
  • Support the Enterprise Volcker governance routines including the monthly sign-off process by Line of Business Head, Desk Head, Trade Control, Finance and Market Risk.
  • Support the production and validation of Volcker metrics reporting with compliance to the Volcker Rule and related internal governance/controls
  • Circulate metric alerts and track required commentary from Desk Heads.
  • Work on strategic initiatives and special projects related to data resolution, technology enhancements, reporting, and regulatory requests

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives while managing their investments and risks effectively.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at Bank of America offers exposure to a diverse range of financial products and services, enhancing career development opportunities.
  • The bank's leadership in wealth management and investment banking provides employees with the chance to work on high-impact projects and deals.
  • Bank of America's global presence and strong market position offer stability and growth potential for employees.

What critics are saying

  • The highly competitive nature of the financial services industry requires Bank of America to continuously innovate to maintain its market position.
  • Regulatory changes and economic fluctuations can impact the bank's operations and profitability, posing challenges for employees.

What makes Bank of America unique

  • Bank of America stands out as a global leader in corporate and investment banking, offering a comprehensive suite of financial services that cater to a wide range of clients from individuals to large corporations.
  • The bank's extensive network and relationships with approximately 56 million U.S. consumer and small business clients provide a significant competitive edge in the financial services industry.
  • Bank of America's involvement in high-profile credit facilities, such as Uber's $5B revolving credit, showcases its capability to handle large-scale financial transactions.

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