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.
Job Title: Compliance and Operational Risk Manager
Corporate Title: Up to Director
Location: Dublin
Company Overview:
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.
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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!
Location Overview:
Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.
The Team:
EMEA Technology Compliance and Operational Risk ("COR") is responsible for second line coverage of technology built, bought, and used by our business units and entities across the EMEA region. The team operates in a technically multi- faceted, fast-changing, and dynamic environment, with an excellent culture of growth, learning and development. As part of a Team of 7 you will execute the COR program to provide second line operational risk and compliance risk coverage for legal entities in the EMEA region, spanning all Technology groups delivering a complex range of activities.
Role Description:
This is a dual role with responsibility for second line operational risk and compliance risk coverage for Technology and Cyber Risk for Bank of America Europe, which is head quartered in Dublin, in addition to supporting the EMEA Technology COR team with regional coverage of the Global Information Security function. Duties include, but are not limited to:
Responsibilities:
- Reviewing impact of Global Technology developments, risks and issues with respect to local legal entities as well as the broader EMEA region;
- Effective review of regulatory developments and legislations impacting Technology, interpretation of changes, with communication and education provision to relevant staff on regulatory developments;
- Developing and leading control Testing, Targeted Risk Assessments, and Monitoring activities;
- Independent review & challenge of legal entity Risk and Control Self Assessments with respect to Technology and Cyber Risk;
- Identification of material issues arising from Testing activities, Assessments, Monitoring, and ongoing oversight;
- Periodic review of the firm's policies relating to Technology and applicability to EMEA entities and technology scenario analyses;
- Working with Global COR ("GCOR") peers and GCOR technology leadership to ensure consistency of approach across all regions.
What we are looking for:
- Extensive Technology and Cyber Risk experience in first, second or third-line risk roles.
- A flexible and solution driven perspective, and a determination and desire to find answers to multi layered issues.
- Willingness to learn beyond the task or job at hand.
- Excellent written and verbal communication skills.
- Ability to work both as part of a team and independently.
Skills that will help:
- Previous experience with Monitoring, Surveillance and Testing.
- Ability to interpret Relevant Laws, Rules and Regulations.
Benefits of working at Bank of America:
Ireland
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
- Ability to donate to charities of your choice and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland's most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.