Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
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.

Responsibilities:

Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentationEngages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function 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 ProceduresAssists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk lossesAssists in the development of independent risk management reporting for respective area(s) of coverage as input into management routinesAssists in responding to regulatory inquiries and other audits and examinationsMonitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

Diversity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.People Manager & Coach: Knows and develops team members through coaching and feedback.Financial Steward: Manages expenses and demonstrates an owner’s mindset.Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.

Skills:

Monitoring, Surveillance, and TestingProcess ManagementRegulatory ComplianceReportingRisk ManagementAttention to DetailCritical ThinkingInterpret Relevant Laws, Rules, and RegulationsIssue ManagementPolicies, Procedures, and Guidelines ManagementActive ListeningAdvisoryBusiness Process AnalysisWritten Communications

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. 
Responsibilities: 
• Assists in assessing risks, associated controls and their effectiveness, while driving compliance  
with applicable laws, rules, and regulations, adhering to policies, and developing reporting and  
documentation 
• Engages in activities to provide support to the Compliance and Operational Risk teams in order  
to provide independent compliance and operational risk oversight of Front-Line Unit or Control  
Function 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 
• Assists in identifying and escalating problems or issues that arise and drives actions to address  
the root causes that lead to compliance risk issues and/or operational risk losses• Assists in the  
development of independent risk management reporting for respective area(s) of coverage as  
input into management routines 
• Assists in responding to regulatory inquiries and other audits and examinations 
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of  
coverage and maintains a comprehensive regulatory inventory

5 Years 
Bachelor’s Degree or equivalent experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40