Job Description:This is a key coverage and leadership role, required to manage appropriate second line coverage of the US GCIB business, and to establish strong working relationships with the GCIB Senior Leadership based in New York. This job requires significant navigation across the enterprise and frequent interaction with the US regulators. Key responsibilities include leading a compliance and operational risk team and 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 the team is identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:- Oversees the assessment of risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations and adhering to policies
- Oversees engagement in activities which 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
- Oversees identification and escalation of problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
- Oversees and manages inventory of risks and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
- Manages the development of independent risk management reporting for respective area(s) of coverage for inputs into management routines which could include country/regional governance
- Oversees monitoring of the regulatory environment to identify regulatory changes applicable to area(s) of coverage
- Manage and execute on the coverage plan activities for the US GCIB business.
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.
Skills:- Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
- Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
- Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
- Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:- 10+ years prior industry experience within a Compliance/Risk, Corporate and Investment Banking, and/or Regulatory Relations field
- Bachelor's Degree
Preferred Technical Skills:- Investment & Corporate banking expertise
- Credible Challenge
- Issues Management & Resolution
- Process Management & Inventory
- Regulatory Knowledge
- Regulatory Relations
- Risk Identification & Assessment
- Compliance Risk Principles
- Compliance & Operational Risk Program Management
- Operational Risk Principles
- Technology Risk Principles
Preferred Leadership Behaviors:- Communicates and influences impactfully
- Creates and drives strategy
- Demonstrates intellectual capacity and learning agility
- Demonstrates sound decision making
- Drives customer-focused results
- Leads with an enterprise mindset and values
- Leads with process discipline and operational excellence
- Manages and scales capacity
- Manages risk
- Optimizes talent potential
Skills:- Advisory
- Decision Making
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Risk Management
- Executive Presence
- Issue Management
- Policies, Procedures, and Guidelines Management
- Prioritization
- Written Communications
- Business Acumen
- Business Process Analysis
- Critical Thinking
- Negotiation
- Resource Management
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$158,600.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
