Bank Of America Enterprise Privacy Compliance Operational Risk Manager 

United States, North Carolina, Charlotte 

469906910

Job Description:

Job Description:

Enterprise Privacy is a global team of subject-matter experts responsible for Compliance & Operational Risk coverage of Data Privacy across the enterprise operating in a highly technical, fast-changing and dynamic environment. This job is responsible for the execution of the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management (CORM) Program specific to Data Privacy risks. Key responsibilities include identifying, escalating, and mitigating risks in a timely manner, engaging with Front Line Units and Control Functions (FLU/CF) leaders globally, coordinating with the FLU/CF Compliance and Operational Risk Officer teams, executing the CORM Program and the Policies, identifying themes and trends, and conducting analysis for new and emerging risks.

Responsibilities:

• Assesses risks, associated controls and their effectiveness, driving compliance with applicable laws, rules, and regulations and adhering to policies

• 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

• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses, including opening new issues based on risk severity in the centralized issues tool

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

• Identify and manage risks including monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintaining 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

• Responds to regulatory inquiries, other audits, and examinations and identifies regulatory training needs supporting the development of the training curriculum

• 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:

• Advisory

• Regulatory Compliance

• Reporting

• Risk Management

• Written Communications

• Active Listening

• Analytical Thinking

• Interpret Relevant Laws, Rules, and Regulations

• Negotiation

• Policies, Procedures, and Guidelines Management

• Adaptability

• Business Process Analysis

• Issue Management

• Monitoring, Surveillance, and Testing

Required Skills:

• Bachelor’s Degree or equivalent experience

• 7 years minimum of business and functional experience

1st shift (United States of America)