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.
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Job Description:
Risk 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 coverage
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 Communications
Required Technical Qualifications:
- 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 preferable
- Degree Required: Bachelor's Degree;
Desired Qualifications:
- Additional Technical/Functional Experience (e.g. Industry type): Financial Services or similarly regulated sector
- Communicates 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 skill
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay and benefits information
Pay range
$96,000.00 - $172,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.