This job is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB. Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance.
Responsibilities:
- Work with the Regulatory Issue Strategy & Integration Executive to support the management of the Regulatory Issues process in accordance with bank policies
- Support the execution of strategic enhancements to the Reg Issue Management process. Including process documentations and training materials as needed
- Escalate risks and concerns to Reg Issue Strategy & Integration Executive and have an in depth understanding of the regulatory issue process
- Understand the roles and responsibilities within Regulatory Relations, Issue Owners, Regulatory Issues Steering Council, as appropriate, to ensure the ability to navigate current processes
- Maintain required documentation for regulator issues in the appropriate system of record and ensure information is accurate and entered timely
- Executing and support other activities to enhance and/or streamline the regulatory management process, and other tasks that may result thereof
- Ensures adherence to the policies and procedures established by the company
- Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
Required Skills:
- 5+ years of experience in business operations or support, risk management, issues management, regulatory support (or related experience), or a combination of each
- High attention to detail and strong organizational skills
- Self-starter with excellent problem solving and follow-up skills.
- Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline-driven environment.
- Pro-actively understanding responsibilities and manage tasks independently.
Desired Skills:
- Proven ability to build and cultivate relationships both externally and internally across the organization.
- Comfortable working with people at all organizational levels
- Knowledgeable of Bank of America’s business lines, operations, organizational structure, senior executives, etc
- Analytical Thinking
- Credit and Risk Assessment
- Critical Thinking
- Portfolio Analysis
- Decision Making
- Oral Communications
- Presentation Skills
- Technical Documentation
- Written Communications
- Active Listening
- Issue Management
- Liquidity Management
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
1st shift (United States of America)