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Bank Of America EAC Compliance & Operational Risk Specialist- Control Room 
United States, North Carolina, Charlotte 
427052585

29.08.2024


This job is responsible for supporting the execution of the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management Program. Key responsibilities include assisting with identifying, escalating, and mitigating risks in a timely manner, supporting engagement and Control Functions (FLU/CF) leaders globally, coordinating with the FLU/CF Compliance and Operational Risk Officer teams, identifying themes and trends, conducting analysis for new and emerging risks.

Responsibilities:

  • Assists in assessing risks, associated controls and their effectiveness, driving compliance with applicable laws, rules and regulations and adhering to policies, and developing reporting and documentation

  • Engages in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function (FLU/CF) 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, and may assist with opening new issues in the centralized issues tool

  • Maintains an inventory of processes, risks, and controls and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities

  • Assists in responding to regulatory inquiries and other audits and examinations including monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintain a comprehensive regulatory inventory, while supporting communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements

  • Reviews and challenges FLU/CF process, risk, Single Process Inventory and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage

Skills:

  • Analytical Thinking

  • Regulatory Compliance

  • Reporting

  • Risk Management

  • Written Communications

  • Active Listening

  • Adaptability

  • Issue Management

  • Monitoring, Surveillance, and Testing

  • Policies, Procedures, and Guidelines Management

  • Advisory

  • Business Process Analysis

  • Interpret Relevant Laws, Rules, and Regulations

  • Process Management


This position is part of the Americas Control Room covering US, Canada, and Latin America.
Responsibilities of the role include but are not limited to:

  • Review Investment Banking (“IB”) transactions for potential addition(s) to the Watch List and/or Restricted List. Follow up with IB to receive deal updates.

  • Review of Global Research reports prior to public dissemination against the Watch or Restricted List in accordance with Laws, Rules, and Regulations.

  • Provide Global Markets principal/firm trade preclearance on restricted list issuers.

  • Provide information wall subject matter expertise to support all lines of business and support partners.

  • Manage Wall crossings

  • Respond to Americas regulatory Inquiries, facilitate meetings with Research Legal and Investment Banking Legal.

  • Manage day to day Control Room processes.

  • Provide training and awareness to the lines of business and their support partners on information wall topics.

  • Contribute to global technology initiatives via idea generation, User Acceptance Testing or working alongside Global Tech and Operations support partners.

Required Qualifications:

  • Ability to produce accurate work output and reports under tight deadlines

  • 3-5 years professional experience

  • Bachelor’s degree or equivalent experience

  • Demonstrates intellectual curiosity and drives operational excellence

  • Ability to think critically to quickly analyze and resolve issues

  • Influences and delivers results through collaborative relationship with key partners and stakeholders

  • Works independently to prioritize work and deliver against regulatory deadlines in a dynamic environment

  • Ability to demonstrate a high level of integrity with a mature approach to work

  • Discrete when handling confidential information

Desired Qualifications:

  • Control Room workflow experience or related knowledge; transferable skills

  • Diligent work ethic

  • Effective Communicator; Strong writing and presentation skills

  • Team player

  • Task oriented and willing to train junior team members

1st shift (United States of America)