Technical Lead/ Manager

Compliance and Operational Risk Manager

  • The CFO COR team is responsible for independent compliance and operational risk oversight of the CFO Group, Enterprise Stress Testing, Global Resolution and Recovery Planning and Regulation W related activities across the firm. The CFO COR Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of key CFO functions responsible for managing the firm’s capital, liquidity and earnings risks. The CFO COR Manager will manage the international teams in EU and APAC, directing and coordinating activities across the globe
  • The C&OR Manager proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries
  • The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

  • Produces and/or oversees the development of independent risk management reporting for respective area(s) of coverage as input to governance and management routines
  • Provides subject matter expertise to assist the FLU/CF in establishing an annual learning plan, may be accountable for developing and delivering training content
  • Develops and maintains C&OR-owned policies and standards and/or provides oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
  • Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory
  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements
  • Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely
  • Contributes to or leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments, communicates results
  • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
  • Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate
  • Participates in Scenario Analysis activities for coverage areas and challenges as appropriate 2 Bank of America Proprietary
  • Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation
  • ntellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking
  • Communication - ability to communicate effectively and with impact, including confident writing and presentation skills.
  • Collaboration - Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups
  • Innovative - ability to identify simpler and better ways of doing things; embraces and adapts to change well.
  • Autonomy – self-starting, able to translate broad-strokes to actions. Actively seeks and executes on value-added opportunities.
  • Influence - ability to influence stakeholders and drive agenda. Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts
  • Developing Others- Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods
  • Bachelor’s Degree or equivalent experience in related discipline
  • 7+ years of Business & Functional Experience in finance, capital markets, capital management liquidity management or related disciplines
  • Leadership experience in challenging and influencing SME teams
  • Ability to collaborate with business and peer partners globally