Director, Senior Compliance and Operational Risk Manager

Job Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. This role is responsible for ensuring the identification, escalation, and timely mitigation of compliance and operational risks in BANA Jakarta Branch in alignment with the Global Compliance – Enterprise Policy, the Operational Risk Management – Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures.

• Proactively engaging with other Compliance and Operational Risk (COR) officers, including Enterprise Areas of Coverage, to provide comprehensive oversight of Front Line Unit (FLU) and Control Function (CF) activities, including managing regulatory exams, audits, and inquiries.
• Review new regulations or amendments to existing regulations, ensuring that Front Line Units and Control Functions are engaged where necessary and performing an impact assessment.
• Maintain an up-to-date inventory of all laws, rules and regulations impacting the Branch.
• Provide COR training as necessary.
• Provide advice on and approve COR policies and procedures.
• Perform Compliance and Operational Risk assessments in the country and contribute to the Risk assessments for the region.
• Conduct and review COR Monitoring, Targeted Assessments, evaluate results of Testing and advise on remediation (if any).
• Liaise and manage regulatory examinations, coordinate the responses to regulatory inquiries and attend regulatory meetings.
• Follow-up on regulator identified issues and their remediation.
• Participate in new product reviews and approve new products for BANA Jakarta Branch.
• Partner with business and entity management in managing regulatory reporting obligations including COR owned non‑financial regulatory reports.
• Review and provide second line challenge on operational risk events.
• Develop relationships with the respective lines of business, entity management as well as support functions to keep abreast of current business developments and regulatory issues that may impact the COR environment of the Bank.
• Serve as a member of the Local Management Team – provide COR updates.
• Act as a liaison and foster good relationships with regulators, local banking associations and peer groups to stay abreast of any changes or new/upcoming regulations.
• Be a driver of business outcomes by effectively prioritizing, inspecting and appropriately delegating team work.

• Attention to Detail
• Interpret Relevant Laws, Rules, and Regulations
• Regulatory Compliance
• Risk Management
• Written Communications
• Active Listening
• Critical Thinking
• Influence
• Issue Management
• Policies, Procedures, and Guidelines
• Decision Making
• Negotiation
• Process Management
• Relationship Building