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Bank of America
Bank of America
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Bank of America is a global financial institution operating across banking, finance, and fintech. Its services include personal banking, small-business support, wealth management, investment services, and access to capital markets for individuals, businesses, and institutions. The company also focuses on responsible growth through sustainable finance, diversity initiatives, and community development programs.
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Compliance and Operational Risk Specialist, CFO

Oversee compliance and operational risks for CFO market risk capital activities at Bank of America. Provide second-line oversight across US and EMEA entities.

USUnited StatesFLFloridaNJNew JerseyNYNew YorkNCNorth Carolina
$70,800 – $133,100 / year
On-siteFull-timeMiddleSeniorEnglish RequiredFinancial Planning and Analysis

Description

  • Provide second-line compliance and operational risk oversight for CFO Capital activities across Bank of America’s US and EMEA entities.
  • Review and challenge market risk capital calculations, governance, controls, data quality, and regulatory reporting.
  • Provide independent oversight of Front Line Unit or Control Function performance and third-party and vendor relationships in support of Compliance and Operational Risk teams.
  • Assess risks and the effectiveness of Front-Line Unit processes and controls for compliance with applicable laws, rules, and regulations.
  • Respond to regulatory inquiries, audits, and examinations.
  • Assess risks, related controls, and control effectiveness.
  • Promote compliance with laws, rules, and regulations and adherence to policies.
  • Prepare reports and documentation.
  • Identify and escalate issues, and drive remediation of root causes.
  • Prepare independent risk management reports for covered areas.
  • Monitor regulatory developments and maintain a comprehensive regulatory inventory.

Requirements

  • Experience in capital risk and/or market risk.
  • Experience in compliance or operational risk.
  • At least 3 years of experience in financial services.
  • Bachelor’s degree.
  • Strong writing and presentation skills.
  • Understanding of Bank of America’s Compliance and Operational Risk Program.
  • Ability to apply context to work deliverables.
  • Ability to collaborate across teams and build strategic relationships.
  • Ability to influence and negotiate with regulators and internal groups.
  • Ability to identify simpler and better ways of working and adapt to change.
  • Ability to work independently and turn broad direction into action.
  • Monitoring, surveillance, and testing.
  • Process management.
  • Regulatory compliance.
  • Reporting.
  • Risk management.
  • Critical thinking.
  • Interpretation of relevant laws, rules, and regulations.
  • Issue management.
  • Management of policies, procedures, and guidelines.
  • Business process analysis.
  • Written communication.
  • Availability for first-shift work in the United States.
  • Ability to work 40 hours per week.

Benefits

  • Inclusive workplace and a culture of care.
  • Opportunities to learn, grow, and build a career.
  • Support for physical, emotional, and financial wellness.
  • Industry-leading benefits.
  • Paid time off.
  • Resources and support to make an impact.
  • Eligibility for an annual discretionary incentive plan.

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