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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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 providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establishing risk management procedures and standards.
Responsibilities:
- Work with the Regulatory Issue Strategy & Integration Executive to support the management of the Regulatory Issues process in accordance with bank policies
- Support the execution of strategic enhancements to the Reg Issue Management process. Including process documentations and training materials as needed
- Escalate risks and concerns to Reg Issue Strategy & Integration Executive and have an in depth understanding of the regulatory issue process
- Understand the roles and responsibilities within Regulatory Relations, Issue Owners, Regulatory Issues Steering Council, as appropriate, to ensure the ability to navigate current processes
- Maintain required documentation for regulator issues in the appropriate system of record and ensure information is accurate and entered timely
- Executing and support other activities to enhance and/or streamline the regulatory management process, and other tasks that may result thereof
- Ensures adherence to the policies and procedures established by the company
- Participates in establishing risk management procedures and standards
Required Qualifications:
- 5+ years of experience in issue management or governance/strategic reporting roles
- Advanced understanding of issue management policies, standards, reporting and processes
- Proficiency with Excel Pivot table/Chart and PowerPoint
- Experience with reporting and data analysis, and problem-solving skills
- Attention to detail and ability to work with minimal supervision.
- Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility.
- Self-starter with excellent anticipation skills; problem solving; follow up.
- Proven process design and project management skills
- Ability to independently develop logic to extract, analyze, and merge data from disparate systems.
- Knowledgeable of Bank of America's business lines, operations, organizational structure, senior executives, etc.
Skills:
- Analytical Thinking
- Critical Thinking
- Collaboration
- Oral Communications
- Portfolio Analysis
- Presentation Skills
- Written Communications
- Issue Management
- Regulatory Compliance
- Attention to Detail
- Technical Documentation
Shift:
1st shift (United States of America)
Hours Per Week:
40