5 days old
2018-08-102018-09-09

Operational Risk Manager

Charlotte, NC 28230
**Job Description:**



The **Corporate Compliance & Operational Risk Manager** demonstrates and applies subject matter expertise to promote a culture of compliance and the identification, escalation and timely mitigation of compliance and operational risks. The Corporate Compliance & Operational Risk Manager contributes to the consistent implementation of the requirements in the Global Compliance & Operational Risk Enterprise Policies (the Policies), including, but not limited to, the following activities:



+ Supporting the Corporate Compliance & Operational Risk Executive in defining, maintaining and executing the Compliance Risk Management Program (CRMP) and Operational Risk Management Program (ORMP) that describes the key practices necessary to ensure sound Compliance & Operational risk management for one or more of the following:

+ Regulatory Inventory/Regulatory Change Management

+ Policy Management

+ Risk Assessments

+ Quality Assurance minimum standard

+ Monitoring

+ Integrated Metrics & Analytics

+ Data Management, Governance & Integration

+ Executive Reporting

+ Ops Risk Capital & Losses

+ Technology & Tools

+ Setting and maintaining standards for the implementation of both the CRMP and ORMP by LOB/ECF through appropriate policies, standards, procedures and training materials.

+ Assisting with interactions with audit and regulators for inquiries regarding the CRMP and ORMP requirements.

+ Maintaining documentation of oversight and management of the Global Compliance & Operational Risk Enterprise Policies and related Standard Operating Procedures.

+ Supporting the Corporate Compliance & Operational Risk Executive in driving consistent implementation of the Global Compliance and Operational Risk Enterprise Policies and related policies and standards.

+ Conducting analytics to support the consolidation and reporting of compliance data to enterprise governance committees, leadership routines and senior management.

+ Supporting roadmap for continuous enhancement of the CRMP and ORMP.



**Required Skills**



+ 7+ years experience

+ Bachelors degree

+ Strong communication and written skills

+ Compliance and/or Operational Risk experience



**General Job Description**



Responsible for assisting in the evaluation of the effectiveness of the Operational Risk Program within a large or complex sub-LOB. Responsible for execution of one or more of the following: Complete Op Risk Assessments. Challenge and advise on LOB/ECF/Region Op Risk KRI's. Challenge LOB/ECF/Region Risk and Controls Self-Assessments. Review Operational Losses for issues. Participate in Scenario Analysis and monitor gap closure. Assess effectiveness of LOB/ECF/Region Governance. Monitor levers affecting op risk capital. Identification and escalation of emerging operational risks. Participate & challenge within LOB/ECF/Region Risk/Control committees. Monitor Business/ECF adherence to Enterprise Data Management Policy and Standards for Operational Risk Key Business Elements operational risk policies and standards. Execute or leverage the Validated Reliance Model. Act as the ambassador of the risk culture to LOB/ECF/Region. Develop and direct staff. May direct staff. Incumbents typically have over 5+ years of risk management and LOB/ECF/Region experience



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



**Location** :

New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK,

Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,

- United States



**Travel** : Yes, 5% of the time



**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.

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Welcome to Careers at Bank of America.


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Operational Risk Manager

Bank of America
Charlotte, NC 28230

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