Bank Of America Program Governance Manager- Financial & 

United States, North Carolina, Charlotte 

94328026

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!

Responsible for providing risk oversight and advice and counsel to the LOB. Establish risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. Ability to recognize all risk categories including credit, market, operational and compliance and bringing appropriate risk expertise as needed. Accountable for conducting execution of risk framework activities including, but not limited to, independent monitoring and testing of controls and risk management processes for the LOB. Establish and oversee the risk management governance structure for the LOB.

Line of Business Job Description:

The Program Governance Manager is responsible for assisting with governance and oversight of enterprise-wide internal control programs over Financial Reporting (SOX), Regulatory Reporting (FR Y-14 CFO Attestation), and Compliance Reporting (17a-5 Broker-Dealer) to mitigate the risk of material weaknesses in internal controls and/or materials omissions/errors in data.

This includes assisting with:

• Research and maintenance of enterprise-wide program requirements for Financial, Regulatory and Compliance Reporting (Policies, Standards and Guidelines) including: the assessment of materiality; scoping and application of materiality to determine in-scope areas; requirements for the internal control inventories and risk assessments; and the process for evaluating internal control findings for proper escalation and reporting
• Working directly with the lines of business to complete tollgates and ensuring documentation is accurate and robust
• Training and support for business partners on requirements
• Monitoring adherence to requirements
• Assessing and documenting internal control weaknesses
• Preparing executive and board level materials on program status and findings
• Partnering with external and internal auditors to drive the soundness and successfully execution of internal control programs
• Staying current on new technical literature applicable to all programs (e.g., PCAOB guidance, SEC, FRB requirements related to FR Y-14 reporting, etc.)

The position reports directly to the Financial & Regulatory ReportingExecutive in the CFO Operational Risk and Controls Oversight (CFO ORCO) organization.

• Developing and maintaining enterprise-wide policies, procedures, standards and training for SOX Compliance, Broker-Dealer 17a-5 Compliance, Internal Control requirements for US Federal Reserve Bank filing for Capital & Stress Testing (FR Y-14 A/Q/M reports) in support of CFO Attestation, andESG reporting.
• Deploying consistent guidelines for assessment of materiality; applying materiality to reports to determine in-scope areas; performing risk assessments and gap analysis with partners and prioritizing gap closure; consulting and advising senior management on execution of reporting within the internal control framework; evaluation of internal control findings and data errors/omissions for proper escalation and reporting, etc.
• Driving compliance to requirements and continuous process improvement by influencing and partnering with enterprise wide partners and executives including Global Financial Control (including Centralized Regulatory Reporting), Enterprise Stress Testing, Enterprise Data Management, Treasury, Corporate Audit, Finance, Compliance, Operational Risk and others.
• Supporting other teams within CFO ORCO by providing subject matter expertise on internal controls
• Developing and presenting materials on the status and results of the program to senior executives across the company including councils and committees charged with oversight responsibilities.

Required Qualifications:
• Bachelor's degree orwork experience
• 8+ years of relevant audit, risk or compliance control experience, specifically in areas of accounting, finance, regulatory reporting or SOX internal controls
• Experience with SOX compliance and knowledge of legal, regulatory and industry requirements
• Strong relationship management skills
• Proven ability to manage multiple and often competing priorities
• Strong executor that is able to drive progress on priorities and issues
• Ability to communicate in a clear and concise manner

Desired Qualifications:
• Graduate degree

• Bachelor's degree in Accounting and/or Finance

• CPA designation
• Strong MS PowerPoint skills

Skills:

• Analytical Thinking
• Coaching
• Critical Thinking
• Liquidity Management
• Collaboration
• Oral Communications
• Portfolio Analysis
• Presentation Skills
• Written Communications
• Credit and Risk Assessment
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Technical Documentation

1st shift (United States of America)