Bank Of America Compliance Operational Risk Specialist 

United States, North Carolina, Charlotte 

600010917

This job is responsible for assisting the Compliance and Operational Risk officer team to execute second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. 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.

Responsibilities:

• Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation
• Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function 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
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into management routines
• Assists in responding to regulatory inquiries and other audits and examinations
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
• Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
• Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.
• Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
• People Manager & Coach: Knows and develops team members through coaching and feedback.
• Financial Steward: Manages expenses and demonstrates an owner’s mindset.
• Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
• Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.

Skills:

• Monitoring, Surveillance, and Testing
• Process Management
• Regulatory Compliance
• Reporting
• Risk Management
• Attention to Detail
• Critical Thinking
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Active Listening
• Advisory
• Business Process Analysis
• Written Communications

This job is responsible for assisting the Compliance and Operational Risk officer team to execute second
line of defense compliance and operational risk oversight for a Front-Line Unit, Control Function, and/or
Third Parties. 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.
Responsibilities:
• Assists in assessing risks, associated controls and their effectiveness, while driving compliance
with applicable laws, rules, and regulations, adhering to policies, and developing reporting and
documentation
• Engages in activities to provide support to the Compliance and Operational Risk teams in order
to provide independent compliance and operational risk oversight of Front-Line Unit or Control
Function 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• Assists in the
development of independent risk management reporting for respective area(s) of coverage as
input into management routines
• Assists in responding to regulatory inquiries and other audits and examinations
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of
coverage and maintains a comprehensive regulatory inventory

5 Years
Bachelor’s Degree or equivalent experience

1st shift (United States of America)