Compliance and Operational Risk Manager- Enterprise Architecture
Company: Disability Solutions
Location: Charlotte
Posted on: May 9, 2024
Job Description:
Job Description: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 organization.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!Job Description:This job is responsible for
executing second line of defense compliance and operational risk
oversight for a Front Line Unit, Control Function, and/or Third
Parties. Key responsibilities include ensuring requirements of the
Global Compliance Enterprise Policy, the Operational Risk
Management Enterprise Policy (collectively "the Policies"), the
Compliance and Operational Risk Management Program and Standard
Operating Procedures are implemented and identifying, challenging,
escalating, and mitigating risks in a timely
manner.Responsibilities:
- Assesses risks and effectiveness of Front Line Unit (FLU)
processes and controls to ensure compliance with applicable laws,
rules, and regulations, while responding to regulatory inquiries,
other audits, and examinations
- Engages in activities to provide independent compliance and
operational risk oversight of FLU or Control Function (CF)
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
- Identifies and escalates problems or issues that arise and
drives actions to address the root causes that lead to compliance
risk issues and/or operational risk losses
- Manages inventory of processes, risks, controls, and associated
metrics for risk appetite and limits, reporting violations of
compliance or regulatory activities
- Assists in the development of independent risk management
reporting for respective area(s) of coverage as input into
country/regional governance and management routines
- Analyzes and interprets applicable laws, rules, and regulations
to provide clear and practical advice to stakeholders, and identify
and manage risks
- Reviews and challenges FLU/CF process, risk, Single Process
Inventory, and FLU/CF Risk and Control Self-Assessment related to
themes or trends, while monitoring the regulatory environment to
identify regulatory changes applicable to area(s) of
coverageManagerial Responsibilities:This position may also have
responsibilities for managing associates. At Bank of America, all
managers at this level demonstrate the following responsibilities,
in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Models an inclusive environment
for employees and clients, aligned to company D&I goals.
- Manager of Process & Data: Demonstrates deep process knowledge,
operational excellence and innovation through a focus on
simplicity, data based decision making and continuous
improvement.
- Enterprise Advocate & Communicator: Communicates enterprise
decisions, purpose, and results, and connects to team strategy,
priorities and contributions.
- Risk Manager: Ensures proper risk discipline, controls and
culture are in place to identify, escalate and debate issues.
- People Manager & Coach: Provides inspection, coaching and
feedback to motivate, differentiate and improve performance.
- Financial Steward: Actively manages expenses and budgets in
alignment with objectives, making sound financial decisions.
- Enterprise Talent Leader: Assesses talent and builds bench
strength for roles across the organization.
- Driver of Business Outcomes: Delivers results by effectively
prioritizing, inspecting and appropriately delegating team
work.Skills:
- Advisory
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Reporting
- Risk Management
- Critical Thinking
- Influence
- Interpret Relevant Laws, Rules, and Regulations
- Issue Management
- Policies, Procedures, and Guidelines Management
- Business Process Analysis
- Decision Making
- Negotiation
- Process Management
- Written CommunicationsRisk manager will be responsible for
assessing risks and control effectiveness for enterprise
architecture and technology management practices and procedures
within Global Technology.This job is responsible for executing
second line of defense compliance and operational risk oversight
for a Front-Line Unit, Control Function, and/or Third Parties. Key
responsibilities include ensuring requirements of the Global
Compliance Enterprise Policy, the Operational Risk Management
Enterprise Policy (collectively "the Policies"), the Compliance and
Operational Risk Management Program and Standard Operating
Procedures are implemented and identifying, challenging,
escalating, and mitigating risks in a timely
manner.Responsibilities:--- Assesses risks and effectiveness of
Front-Line Unit (FLU) processes and controls to ensure compliance
with applicable laws, rules, and regulations, while responding to
regulatory inquiries, other audits, and examinations--- Engages in
activities to provide independent compliance and operational risk
oversight of FLU or Control Function (CF) 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--- Identifies and escalates problems or issues
that arise and drives actions to address the root causes that lead
to compliance risk issues and/or operational risk losses--- Manages
inventory of processes, risks, controls, and associated metrics for
risk appetite and limits, reporting violations of compliance or
regulatory activities--- Assists in the development of independent
risk management reporting for respective area(s) of coverage as
input into country/regional governance and management routines---
Analyzes and interprets applicable laws, rules, and regulations to
provide clear and practical advice to stakeholders, and identify
and manage risks--- Reviews and challenges FLU/CF process, risk,
Single Process Inventory, and FLU/CF Risk and Control
Self-Assessment related to themes or trends, while monitoring the
regulatory environment to identify regulatory changes applicable to
area(s) of coverageRole Specific Skills /Managerial Skills:--- This
position may also have responsibilities for managing associates. At
Bank of America, all managers at this level demonstrate the
following responsibilities, in addition to those specific to the
role, listed above.--- Models an inclusive environment for
employees and clients, aligned to company D&I goals---
Demonstrates deep process knowledge, operational excellence and
innovation through a focus on simplicity, data-based decision
making and continuous improvement--- Communicates enterprise
decisions, purpose, and results, and connects to team strategy,
priorities and contributions--- Ensures proper risk discipline,
controls and culture are in place to identify, escalate and debate
issues--- Provides inspection, coaching and feedback to motivate,
differentiate and improve performance--- Actively manages expenses
and budgets in alignment with objectives, making sound financial---
decisions--- Assesses talent and builds bench strength for roles
across the organization--- 7+ years of technology experience with a
focus on software architecture, software engineering, technology
management, or other relevant discipline--- In depth understanding
of the software development lifecycle, change management process,
and commonly used CI/CD tools--- Experience with software
development or design, including security, resiliency, and
maintainability of applications--- Understanding of functional and
non-functional requirements, business objectives for software, and
technology strategy and planning--- Prior hands-on experience
developing, deploying, and operating software applications is
preferred--- Knowledge of best practices related to data management
and data architecture--- Knowledge of architecture frameworks such
as TOGAF is also preferableDegree Required: Bachelor's Degree; May
require regulatory examination/registration or certification
depending on jurisdiction and roleDesired Skills:--- Additional
Technical/Functional Experience (e.g. Industry type): Financial
Services or similarly regulated sectorCommunicates and Influences
with Impact:--- Communicates complex ideas in a way that is clear,
direct, concise, simple and contextual; avoids jargon--- Shapes the
opinions and actions of others, gaining trust & commitment for
desired outcomes--- Adjusts style and personalizes message to best
connect with others; inspires others to follow his/her lead---
Constructively challenges; supports opinion and recommendations
with facts and data--- Shares opinion with confidence; is
persistent and tenacious for what is right--- Demonstrates
productive edge, appropriately voicing and challenging opinions---
Demonstrates productive partnering with various stakeholders across
the enterprise at all levels--- Role models effective communication
and influence; develops others on this skillDemonstrated Business
Acumen:--- Deep understanding of the organization's overall
strategies and how the business operates--- Deep understanding of
what drives success through subject matter expertise of the
products, customer and channels leveraged within the FLU---
Identifies and influences business improvements and solutions -
Proactively engages team/peers to transfer knowledge of the
business--- Makes tough business and people decisions---
Demonstrated behaviors may include but are not limited to:---
Demonstrates the ability to remain flexible and adaptable in order
to learn/apply new concepts and stay current on emerging trends
(i.e. new technology)--- Asks questions in an effort to understand,
drawing connections and similarities in order to frame new
challenges/opportunities; leverages information to take calculated
risks--- Proactively brainstorms and researches a wide range of
options to find the best solutions to address opportunities---
Proactively engages others for feedback as an opportunity to drive
improvement (for self and the business)Delivers Results Through
Management & Operational Excellence:--- Demonstrates a deep
understanding of owned processes and continually seeks
opportunities to simplify and improve--- Leads the execution of
strategies through establishing clear accountability for self and
the team--- Raises performance expectations through planning and
establishing routines to ensure goals are achieved--- Proactively
identifies and removes barriers--- Leads change and gets team and
key stakeholders on boardCultivate Talent & Organization:---
Creates and leads an environment that values diversity, where
people can speak up, share bad news and get better outcomes through
dialogue and debate--- Actively builds a pipeline of strong,
diverse talent--- Actively manages the growth and development of
talent; takes genuine interest in and provides support for their
development--- Broadly shares accountability and responsibility
with others--- Contributes to building motivated, high performing
teams; inspires them to achieve more--- Recruits, develops and
aligns talent needed to meet business goalsDelivers Second-Line
Risk Management:--- Commanding knowledge of the Compliance & Ops
Risk Program and its application to daily work activity and team
priorities; educates others--- Commanding knowledge of how laws,
rules and regulations apply to businesses, functions, products,
jurisdictions and/or the enterprise and stays current on changes;
educates others--- Understands and educates others on the business
processes (design through execution), the role of effective
controls and the potential impact to operational losses--- Directly
or via a team, assesses for and identifies compliance and
operational risks in the activities of a FLU/ECF or the Company
(EAC) through monitoring, assessment and testing activities---
Directly or via a team, documents, analyzes, reports and escalates
as needed risk issues (e.g., control weaknesses, violations, metric
breaches); synthesizes the data for emerging trends or systemic
issues--- Directly or via a team, drives the mitigation of
compliance and operational risk through means such as policy
reviews and updates, issue remediation/action plans, and training
needs; determines approach and possible solutions--- Communicates
risks and issues concisely, clearly and timely; drives transparency
and accountability with appropriate parties--- Executes risk
governance and management routines--- Ensures compliance and
operational risks are considered in business activities, including
product development and business process changes; uses risk lens
when advising the business--- Escalates risks not being mitigated
in a timely manner to appropriate leaders and senior management,
regulators and Board of Directors as warrantedDemonstrates
Analytical Capabilities--- Leads analysis integrating facts, data,
and information to draw accurate conclusions in order to identify
root cause--- Leverages internal/external perspectives and
benchmarking to identify potential solutions--- Develops useful and
realistic alternative solutions to problems; selects the best
course of action based on pros, cons, timing, and available
resourceShift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, Kannapolis , Compliance and Operational Risk Manager- Enterprise Architecture, Executive , Charlotte, North Carolina
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