Bank Of America EAC Compliance & Operational Risk Specialist- Control Room 

United States, North Carolina, Charlotte 

473800096

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)