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Bank of America

Runs a US consumer bank, brokerage and investment bank

Compliance and Operational Risk Specialist - CFO

Regulatory Compliance & EthicsConfirmed live in the last 24 hours
Full-timeIn-person

About the Job

Requirements

  • Experience in capital risk and/or market risk.
  • Experience in compliance and/or operational risk.
  • At least 3 years of experience in financial services.
  • A bachelor's degree.
  • Ability to understand and apply Bank of America's Compliance and Operational Risk Program to daily work.
  • Ability to communicate effectively, including strong writing and presentation skills.
  • Ability to apply critical thinking and inquiry to uncover facts and circumstances.
  • Ability to collaborate across boundaries and influence internal groups and external stakeholders, including regulators.
  • Ability to work autonomously, translate broad direction into actions, and identify value-added opportunities.

Responsibilities

  • Provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and related third-party/vendor relationships in alignment with applicable enterprise policies, the Compliance and Operational Risk Management Program, and Standard Operating Procedures.
  • 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.
  • Assess risks and associated controls, drive compliance with applicable laws, rules, and regulations, adhere to policies, and develop reporting and documentation.
  • Identify and escalate issues, and drive actions to address root causes of compliance and operational risks.
  • Develop independent risk management reporting for covered areas as inputs into management routines.
  • Monitor the regulatory environment for changes applicable to covered areas and maintain a comprehensive regulatory inventory.
  • Execute second-line compliance and operational risk oversight of CFO Capital activities in the bank's US and EMEA entities, focusing on market risk capital and associated regulations.
  • Review and challenge calculation, governance, controls, data quality, and regulatory reporting of market risk capital.
  • Ensure applicable policies, the Compliance and Operational Risk Management Program, and Standard Operating Procedures are implemented; identify, challenge, escalate, and mitigate risks in a timely manner.

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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