Bank Of America Global Compliance Operational Risk Manager 

United States, North Carolina, Charlotte 

593649510

Job Description:

Job Description:

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

Produces and/or oversees the development of independent risk management reporting for respective area(s) of coverage as input governance and management routines

• Provides subject matter expertise to assist the FLU/CF in establishing an annual learning plan, may be accountable for developing and delivering training content

• Develops and maintains C&OR-owned policies and standards and/or provides oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable

• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory

• Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements

• Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely

• Contributes to or leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments, communicates results

• Reviews and challenges the FLU/CF process, risk, control (SPI) inventory through monthly monitoring activity on SPIs for the coverage areas and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assesses 2nd line coverage adequacy , Design, develop and execute GCOR coverage activities for aligned coverage areas, engage during FLU audits, EACs targeted assessments and regulatory exams.

• Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate

• Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

1st shift (United States of America)