Bank Of America Compliance Operational Risk Specialist 

France, Ile-de-France, Paris 

383843103

Job Description:

Job Title:Compliance and Operational Risk Specialist

Vice President

Responsibilities:

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.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.