15 days old

Risk Data Management Executive

New York, NY 10176
Risk Data Management Executive



New York, New York;Jersey City, New Jersey; Charlotte, North Carolina; Chicago, Illinois



**Job Description:**



Develop a holistic vision on how best to structure data sourcing and control strategy for GRM to unlock business value. Partner across GRM, Control Functions and Front-Line Unit stakeholder teams to evaluate the current data ecosystem; define the vision; drive development of their data strategies and roadmaps for data capture, transport, and use. Develop and manage approach for measuring adoption of principles, policies, processes and practices.



In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we are formalizing the Data Strategy & Management (DSM) function and establishing a new team underneath **Strategic Coordination and Implementation (SCI) team.** The SCI Leads will report to the Data Strategy & Management Executive **.**



Under DSM Executives leadership, the SCI team will develop a holistic vision on how best to structure data sourcing and control strategy for GRM so it can unlock business value. This role provides SCI lead with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to influence data strategies that drive the greatest value across the lines of business.



**ROLE DESCRIPTION**



+ The role will be required to partner across GRM, Control Functions and Front-Line Unit stakeholder teams to evaluate the current data ecosystem; define the vision; drive development of their data strategies and roadmaps for data capture, transport, and use; define core KPIs for the measuring progress of data strategy, including data quality related to assessing and remediating risk.

+ Drive strong partnerships across the organization to fully understand their business goals and link to data needs.

+ Collaborate closely with enterprise and Front-line Units, with the primary focus of ensuring that the right strategy and processes are in place to meet the strategic data objectives while addressing the immediate operating priorities, business impacts, mitigation strategies and escalation protocols.

+ Determines requirements for enhancements to new enterprise-wide principles, policies, processes and practices as needed.

+ Develop and manage approach for measuring adoption of principles, policies, processes and practices.

+ Collaborate with data owners, data users and technology teams to unify data through modern data management techniques.

+ Ensure that the FLU strategies are consistent in their understanding and delivery of the full requirements of the downstream risk and regulatory processes.

+ Provide in-depth and sophisticated analysis with interpretive thinking to define problems and develop innovative solutions.

+ Produce recommendations for enterprise-wide guiding principles, policies, processes and practices.

+ Be a thought leader and synthesize existing data governance principles, policies, practices and industry standards to influence development of best practices across the enterprise

+ Develop and drive enforcement of standards for robust data governance.

+ Prepare executive/management level reporting and other regulatory updates.

+ Responsible for program scope, change, and risk management

+ Accelerate cost reductions in risk from the adoption of improved FLU processes.



**SKILLS FOR SUCCESS**



**Technical Expertise.** Demonstrates the application of innovative technical solutions to solving complex data intensive challenges



+ Comfortable with the application of digital technology and inclusion of controls as part of application design

+ Devise and recommend solutions to enhance Data Quality process automation, governance, and reporting.

+ Experience in software-based controls in a high volume, real-time business environment in a highly automated businesses

+ Strong understanding of the compliance and risk environment in financial services



**Execution Expertise.** Ability to drive program execution through disciplined oversight with right assignment of accountabilities



+ Successful delivery in a cross functional team environment in financial services - business, technology, compliance and risk.



**Leadership capability.** A successful candidate will also need to navigate effectively across different levels of the enterprise



+ Able to coordinate and prioritize data strategy as well as shape detailed solutions with quants, technologists and business teammates

+ Able to adjust communication styles to explain complex issues in appropriate terms and perspectives to a broad audience

+ Strong influencing and partnership skills, including with senior FLU and Risk leaders

+ Develop strategic solutions broadly across Risk, prioritizing and influencing for needs

+ Able to represent GRM in senior forums up to executive management level



**Required Qualifications**



+ Bachelors or Masters in computer science,system analysisor related field with minimum 15+ years of relevant experience

+ Extensive experience as a managing director or in a similar role

+ Experience leading data strategy or data or analytic teams responsible for developing, managing, or delivering data products/processes, or data/analytics warehouses, with client delivery or accountability

+ Experience interfacing with business leaders and strategic partners to develop strategic business plans and implementation roadmaps

+ Experience in establishing governance functions and designing target operating models

+ Experience interfacing with regulatory stakeholders and understanding and driving regulatory priorities across the function/organization

+ Demonstrated success in effectively leveraging cross-functional and matrix resources to deliver high-quality customer-focused solutions.

+ Strong written and verbal communication skills and ability to lead discussions with executive management

+ Strong analytical, critical thinking, and problem-solving skills

+ Excellent influencing skills at all levels and the ability to develop and maintain good relationships with senior leadership, stakeholders and colleagues

+ Self-motivated with an ability to work on ones own with a strong sense of ownership and accountability in high-pressure situations



**Desired Qualifications**



+ Experience in one of the following areas Trading, Consumer Banking, Wealth Management, Compliance Surveillance

+ Demonstrable experience of driving meaningful improvements in business value through data management and delivery of new data products



**Job Band:**



H3



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



Develop a holistic vision on how best to structure data sourcing and control strategy for GRM to unlock business value. Partner across GRM, Control Functions and Front-Line Unit stakeholder teams to evaluate the current data ecosystem; define the vision; drive development of their data strategies and roadmaps for data capture, transport, and use. Develop and manage approach for measuring adoption of principles, policies, processes and practices.



In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we are formalizing the Data Strategy & Management (DSM) function and establishing a new team underneath **Strategic Coordination and Implementation (SCI) team.** The SCI Leads will report to the Data Strategy & Management Executive **.**



Under DSM Executives leadership, the SCI team will develop a holistic vision on how best to structure data sourcing and control strategy for GRM so it can unlock business value. This role provides SCI lead with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to influence data strategies that drive the greatest value across the lines of business.



**ROLE DESCRIPTION**



+ The role will be required to partner across GRM, Control Functions and Front-Line Unit stakeholder teams to evaluate the current data ecosystem; define the vision; drive development of their data strategies and roadmaps for data capture, transport, and use; define core KPIs for the measuring progress of data strategy, including data quality related to assessing and remediating risk.

+ Drive strong partnerships across the organization to fully understand their business goals and link to data needs.

+ Collaborate closely with enterprise and Front-line Units, with the primary focus of ensuring that the right strategy and processes are in place to meet the strategic data objectives while addressing the immediate operating priorities, business impacts, mitigation strategies and escalation protocols.

+ Determines requirements for enhancements to new enterprise-wide principles, policies, processes and practices as needed.

+ Develop and manage approach for measuring adoption of principles, policies, processes and practices.

+ Collaborate with data owners, data users and technology teams to unify data through modern data management techniques.

+ Ensure that the FLU strategies are consistent in their understanding and delivery of the full requirements of the downstream risk and regulatory processes.

+ Provide in-depth and sophisticated analysis with interpretive thinking to define problems and develop innovative solutions.

+ Produce recommendations for enterprise-wide guiding principles, policies, processes and practices.

+ Be a thought leader and synthesize existing data governance principles, policies, practices and industry standards to influence development of best practices across the enterprise

+ Develop and drive enforcement of standards for robust data governance.

+ Prepare executive/management level reporting and other regulatory updates.

+ Responsible for program scope, change, and risk management

+ Accelerate cost reductions in risk from the adoption of improved FLU processes.



**SKILLS FOR SUCCESS**



**Technical Expertise.** Demonstrates the application of innovative technical solutions to solving complex data intensive challenges



+ Comfortable with the application of digital technology and inclusion of controls as part of application design

+ Devise and recommend solutions to enhance Data Quality process automation, governance, and reporting.

+ Experience in software-based controls in a high volume, real-time business environment in a highly automated businesses

+ Strong understanding of the compliance and risk environment in financial services



**Execution Expertise.** Ability to drive program execution through disciplined oversight with right assignment of accountabilities



+ Successful delivery in a cross functional team environment in financial services - business, technology, compliance and risk.



**Leadership capability.** A successful candidate will also need to navigate effectively across different levels of the enterprise



+ Able to coordinate and prioritize data strategy as well as shape detailed solutions with quants, technologists and business teammates

+ Able to adjust communication styles to explain complex issues in appropriate terms and perspectives to a broad audience

+ Strong influencing and partnership skills, including with senior FLU and Risk leaders

+ Develop strategic solutions broadly across Risk, prioritizing and influencing for needs

+ Able to represent GRM in senior forums up to executive management level



**Required Qualifications**



+ Bachelors or Masters in computer science,system analysisor related field with minimum 15+ years of relevant experience

+ Extensive experience as a managing director or in a similar role

+ Experience leading data strategy or data or analytic teams responsible for developing, managing, or delivering data products/processes, or data/analytics warehouses, with client delivery or accountability

+ Experience interfacing with business leaders and strategic partners to develop strategic business plans and implementation roadmaps

+ Experience in establishing governance functions and designing target operating models

+ Experience interfacing with regulatory stakeholders and understanding and driving regulatory priorities across the function/organization

+ Demonstrated success in effectively leveraging cross-functional and matrix resources to deliver high-quality customer-focused solutions.

+ Strong written and verbal communication skills and ability to lead discussions with executive management

+ Strong analytical, critical thinking, and problem-solving skills

+ Excellent influencing skills at all levels and the ability to develop and maintain good relationships with senior leadership, stakeholders and colleagues

+ Self-motivated with an ability to work on ones own with a strong sense of ownership and accountability in high-pressure situations



**Desired Qualifications**



+ Experience in one of the following areas Trading, Consumer Banking, Wealth Management, Compliance Surveillance

+ Demonstrable experience of driving meaningful improvements in business value through data management and delivery of new data products



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21071871



Band: H3



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Pamela Salvato



Referral Bonus:



0



Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.




To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .



Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.




To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance
Posted: 2021-11-11 Expires: 2021-12-21

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Risk Data Management Executive

Bank of America
New York, NY 10176

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