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!
This job is responsible for the execution of the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management (CORM) Program. Key responsibilities include identifying, escalating, and mitigating risks in a timely manner, engaging with Front Line Units and Control Functions (FLU/CF) leaders globally, coordinating with the FLU/CF Compliance and Operational Risk Officer teams, executing the CORM Program and the Policies, identifying themes and trends, and conducting analysis for new and emerging risks.
Role Overview: The EDR EAC Manager is responsible for engaging stakeholders from Enterprise Data, Strategy, Governance and Operations (EDSGO), Global Risk Management, Global Compliance and Operational Risk (GCOR), as well as other areas, to provide comprehensive oversight of firm's adherence to data risks. This includes preparing materials for regulatory exams, audits, and other inquiries, and may assist with preparation for internal management and governance routines.
The candidate will be responsible for developing and executing Risk oversight activities (e.g., monitoring, testing and targeted assessments), interfacing with the stakeholders highlighted above on coverage development and execution, leading other GCOR risk officers, and supporting planning and execution of tactical and strategic enhancements to the approach/framework for risk oversight of Risk Data Aggregation and Risk Reporting and Data Management.
Responsibilities: The EDR EAC Manager is accountable for the proactive identification, escalation and timely mitigation of compliance and operational risks, specifically as it relates to Data Risks, through the execution of the following activities:
•Leads development of risk coverage plans, executes and / or oversees execution of monitoring, testing and risk assessments, and communicates results
•Produces and/or oversees the development of independent risk management reporting as input into governance and management routines
• Monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers (trade associations, PACs, lobbyists, consumer groups, and media) in the EAC subject area to identify and mitigate emerging risks
•Reviews relevant FLU/CF-owned policies and standards to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
•Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory
•Identifies, aggregates, reports, escalates, inspects, and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements
•Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA) related to EAC themes or trends
• Ensures metrics are designed to measure key risks and control performance, monitors, and reports on metric performance and breach remediation
Desired Skills: • Knowledge and experience with Data Management – Enterprise Policy and related standards and all other policies aligned to Data Risks, including concepts of risk data aggregation and risk / regulatory reporting
•Knowledge and experience with either Financial Reg Reporting, Non-Financial Reg Reporting, Crisis Reporting (Recovery and/or Resolution), BCBS 239, risk data aggregation and risk reporting, Capital, Liquidity and/or Credit reporting
• Knowledge and experience with data related concepts (data domain governance, metadata, data dictionaries, taxonomy, etc.)
•Knowledge and experience with compliance and operational risk principles and concepts, including controls testing, independent monitoring and Targeted Assessments
•Experience working with regulator or regulator-related bodies on data issues
• Autonomy - self-starting, able to translate broad-strokes to actions
•Communicates complex ideas in a way that is clear, direct, concise, simple and contextual
•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
•Demonstrates a deep understanding of owned processes and continually seeks opportunities to simplify and improve
•Holds self and others accountable for consistent quality execution of procedures, controls, and risk escalation
• Identifies and influences business improvements and solutions
•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 skill
Required Qualifications • Bachelor's Degree or equivalent experience in related discipline
• 5+ years of experience in data and technology
Shift:
1st shift (United States of America) Hours Per Week:
40
