Compliance & Operational Risk Specialist - CFO presso Ghr

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
 

The Chief Financial Officer and Data Compliance and Operational Risk (CFOD COR) team seeks to deliver effective independent compliance and operational risk oversight of the CFO Group, which is responsible for the overall financial management of our company, including managing the company’s capital, liquidity and earnings risks and publishing its financial statements, as well as providing financial planning, analysis and support to all of the company’s Front Line Units (FLUs) and Control Functions (CFs). 

This job is responsible for assisting the Compliance and Operational Risk officer team to execute 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.

This role will support CFOD COR’s approach to oversight of Global Financial Controls (GFC) , including review activities for SEC  and legal entity reporting, Regulation W and corporate controllers   as well as ongoing assessment of control design and operating effectiveness across various critical GFC  processes and their associated data quality controls. The candidate will be responsible for developing and executing Risk oversight activities (i.e. monitoring, testing and targeted assessments), interfacing with FLU/CF stakeholders and Enterprise Independent Testing (EIT) on coverage development and execution, supporting planning and execution of tactical and strategic enhancements to the approach/framework for oversight of GFC, directly challenging reporting defects and sharing those challenges with report owners.

Responsibilities:

• Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation
• Engages in activities to provide support to the Compliance and Operational Risk teams in order to 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
• Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into management routines
• Assists in responding to regulatory inquiries and other audits and examinations
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory
   

Required Qualifications:

• Bachelor’s Degree or equivalent experience in related discipline
• 3+ years of experience with finance processes, including financial planning and analysis, financial and regulatory reporting, and/or accounting
• Strong analytical and organizational skills with a focus on attention to detail and accuracy
• Ability to communicate in written and oral form with business stakeholders at all levels
• Ability to manage multiple priorities in a time sensitive environment
• Ability to collaborate effectively across multiple teams
• Intellectual curiosity and learning agility

Skills:

• Critical Thinking
• Autonomy
• Influencing
• Data Analysis
• Business Process Analysis
• Risk Management
• Active Listening
• Process Management
• Project Management
• Regulatory Compliance
   

Shift:

Hours Per Week: