Compliance and Operational Risk Manager

Job Description:

Job Title:

Compliance and Operational Risk Manager Corporate

Title:

Up to Director

Location:

London Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organisation.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern work spaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London.

Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

An opportunity has arisen in our London office for a Compliance and Operational Risk Manager to join the EMEA Global Corporate & Investment Banking (GCIB) Compliance and Operational Risk team, specialising in Investment Banking.

This role is responsible for executing second line of defence compliance and operational risk oversight for the Front Line Unit. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented appropriately, and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Provide ongoing Compliance coverage for EMEA GCIB with a particular focus on GCIB’s Investment Banking sector coverage teams including Corporate Broking and Mergers and Acquisitions. Provide additional support to other EMEA GCIB coverage areas including Capital Markets as required.

• Assist in assessing risks, associated controls and metrics, and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation.

• Engage in activities to provide support to the Compliance and Operational Risk function to provide independent compliance and operational risk oversight of Front Line Unit performance in alignment with the Compliance and Operational Risk Management Program and Standard Operating Procedures including undertaking quarterly risk assessments for specific areas of coverage.

• Assist in identifying and escalating problems or issues that arise and drive actions to address the root causes that lead to compliance risk issues and/or operational risk losses.

• Assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines.

• Conduct monitoring/testing routines and provide independent review and challenge to the Front Line Unit.

• Assist in responding to regulatory inquiries as well as other audits and examinations.

• Monitor the regulatory environment to identify regulatory changes applicable to area(s) of coverage, and execute Targeted Assessments aligned to relevant themes or trends.

• Review and challenge relevant processes and risks, including those defined in Single…