Compliance and Operational Risk Manager - Regulatory Reporting

Job Description:

Job Title:

Compliance and Operational Risk Manager - Regulatory Reporting 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!

Location Overview:

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.

Role

Description:

This role is responsible for executing independent second-line Compliance and Operational Risk oversight of Enterprise Position Monitoring & Disclosures (EPMD) across EMEA. EPMD is a high-risk area covering share ownership monitoring and disclosure obligations across multiple jurisdictions and represents a key area of regulatory risk for the firm. The role will provide oversight of EPMD processes, controls, regulatory change and remediation activities, working closely with stakeholders across the organisation.

The successful candidate will provide credible review and challenge to stakeholders across various Lines of Business, Operations, Technology, Legal and Risk functions, helping to ensure regulatory requirements are appropriately interpreted, implemented and embedded within the firm's processes and control framework. The role will support key EPMD initiatives, regulatory change implementation, issue remediation and governance activities, while contributing to the ongoing development of the bank’s second-line oversight activities.

Responsibilities:

Conduct real-time independent review and challenge of the firm's EPMD alert activity on a risk-based approach, to ensure the most technically complex alerts are subject to robust SME analysis.

Provide compliance and operational risk oversight of EPMD regulatory changes, control enhancements and remediation initiatives.

Perform monitoring, targeted assessments and other risk-based coverage activities to assess compliance with applicable laws, rules and regulations and the effectiveness of associated controls.

Support the development of second-line data testing to independently review the accuracy of EPMD disclosures.

Support the development of EPMD training and perform periodic review of policies relating to EPMD.Review and challenge FLU processes, risks, controls, Single Process Inventory and Risk and Control Self-Assessments relating to EPMD activities.

Partner with regional and global stakeholders to promote effective implementation of regulatory requirements and consistent oversight practices.

Support the development of less experienced team members through coaching, knowledge sharing and day-to-day guidance on EPMD-related regulatory and risk matters.

Required Skills:

The successful applicant should have strong compliance, operational risk or regulatory…