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About the Role
This is a key coverage and leadership role, required to manage appropriate second line coverage of the US GCIB business, and to establish strong working relationships with the GCIB Senior Leadership based in New York. This job requires significant navigation across the enterprise and frequent interaction with the US regulators.
Responsibilities
- Oversees the assessment of risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations and adhering to policies
- Oversees engagement in activities which provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
- Oversees identification and escalation of problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
- Oversees and manages inventory of risks and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
- Manages the development of independent risk management reporting for respective area(s) of coverage for inputs into management routines which could include country/regional governance
- Oversees monitoring of the regulatory environment to identify regulatory changes applicable to area(s) of coverage
- Manage and execute on the coverage plan activities for the US GCIB business.
- This position may also have responsibilities for managing associates.
Requirements
- 10+ years prior industry experience within a Compliance/Risk, Corporate and Investment Banking, and/or Regulatory Relations field
- Bachelor’s Degree
Skills
- Opportunity & Inclusion Champion
- Manager of Process & Data
- Enterprise Advocate & Communicator
- Risk Manager
- People Manager & Coach
- Financial Steward
- Enterprise Talent Leader
- Driver of Business Outcomes
- Investment & Corporate banking expertise
- Credible Challenge
- Issues Management & Resolution
- Process Management & Inventory
- Regulatory Knowledge
- Regulatory Relations
- Risk Identification & Assessment
- Compliance Risk Principles
- Compliance & Operational Risk Program Management
- Operational Risk Principles
- Technology Risk Principles
- Advisory
- Decision Making
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Risk Management
- Executive Presence
- Issue Management
- Policies, Procedures, and Guidelines Management
- Prioritization
- Written Communications
- Business Acumen
- Business Process Analysis
- Critical Thinking
- Negotiation
- Resource Management
Location
- US - NY - New York
Work Type
- Full-time
- Onsite
Experience Level
- 10+ years
Education Level
- Bachelor’s Degree
Salary/Compensations
- $158,600.00 - $300,000.00
Benefits
- Discretionary incentive eligible
- This role is eligible to participate in the annual discretionary plan.
- Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
- This role is currently benefits eligible.
- We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
About the Company
- 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.
- Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth.
- We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.
- This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
- We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.
- These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
- Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
- Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
- At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.
- Join us!