6 days old

EAC Compliance Manager

Charlotte, NC 28230
**Job Description:**

The Enterprise Area of Coverage ("EAC") Compliance Manager is a subject matter expert responsible for contributing to the independent compliance oversight of Front Line Unit ("FLU") and Control Function ("CF") performance and any related third party/vendor relationships by engaging with the compliance officer teams for the FLUs/CFs to independently advise those leaders on effectively managing compliance risk in the area of coverage. This role is responsible for providing enterprise wide oversight of specific laws, rules, regulations, and regulatory guidance, such as those related to SCRA (Service Members Civil Relief Act) or Registration and Licensing through the identification, escalation and timely mitigation of compliance risks in alignment with the CRM Program and the Global Compliance Enterprise Policy ("GC Policy").

The EAC Compliance Manager is accountable for the requirements in the GC Policy, working with compliance officers for the FLU and CF to complete those requirements including but not limited to the following activities:

Monitor regulatory environment in enterprise area of coverage and participate in industry forums to identify areas of focus and conduct benchmarking.

Create and maintain a regulatory inventory, communicate regulatory changes to and engage the FLU/CF in assessing impacts of regulatory changes for enterprise area of coverage.

Develop and maintain relevant policies or review relevant FLU / CF policies to ensure they reflect regulatory requirements.

Advise and direct business leaders through the compliance officers to ensure that regulatory requirements are addressed in their respective procedures and controls so that their day to day activities operate in a compliant manner in enterprise area of coverage.

Contribute to compliance risk assessments for the laws, rules and regulations related to the enterprise area of coverage.

Create monitoring and testing coverage plans and related metrics for the enterprise area of coverage.

Monitor and test the effectiveness of the FLU and CF compliance risk controls for the enterprise area of coverage.

Identify aggregate, report and escalate compliance risks, issues and control enhancements for the EAC and ensure the compliance officers for the FLU/CF are aware of issues.

Execute governance and management routines.

Identify compliance training needs, provide subject matter expertise to support development of training curriculum, and inspect FLU/CF and third party participation for enterprise area of coverage.

Advise compliance peers and business leaders in preparations for and participate in regulatory exams and audits for enterprise area of coverage.

Inspect that gap closure plans and commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions related to area of coverage are completed.

Escalate regulatory relations concerns to EAC Compliance Executive.

Ensure Compliance "owned" issues (i.e., Internal Audit, Regulator and Self Identified issues) are addressed appropriately and timely.

The EAC Compliance Manager 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 small team, or may act as an individual contributor.

Additional responsibilities include:In light of the recent combination of Compliance and Operational Risk, this role will also include responsibilities for Operational Risk, including risk assessments and scenario analysis.Monitor and assess Third Party program and controls for enterprise adherence, including: - Third party program governance- Third Party Category/ Subcategory management- Third party policy and standards- KRIs, RCSA, Ops Losses and significant events- Test high risk processes of third party program

**Required Skills:** This role will cover multiple lines of business and control functions and will requires an ability to understand and operate in a complex organizational matrix.

**Desired Skills:** Prior experience with Bank of America's Third Party program is desired, but not required.

**Posting Date** : 08/08/2018

**Location** :


- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.

Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

Featured Jobs[ View All ]

Featured Employers

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

EAC Compliance Manager

Bank of America
Charlotte, NC 28230

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast