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Lead compliance and operational risk for US GCIB business at Bank of America
Manager-level role based in New York, focusing on risk oversight, regulatory change and team leadership.
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in‑office culture that supports collaboration, engagement, and career development. Our approach includes clear in‑office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This is a key coverage and leadership role, required to manage appropriate second line coverage of the US GCIB business, and to establish strong working relationships with the GCIB Senior Leadership based in New York. This job requires significant navigation across the enterprise and frequent interaction with the US regulators . Key responsibilities include leading a compliance and operational risk team and 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 the team is identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
Oversees the assessment of risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations and adhering to policies
Oversees engagement in activities which 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
Oversees identification and escalation of problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
Oversees and manages inventory of risks and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
Manages the development of independent risk management reporting for respective area(s) of coverage for inputs into management routines which could include country/regional governance
Oversees monitoring of the regulatory environment to identify regulatory changes applicable to area(s) of coverage
Manage and execute on the coverage plan activities for the US GCIB business.
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Skills:
Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
Manager of Process & Data: Challenges end‑to‑end process efficiency and effectiveness, champion data driven decision‑making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:
10+ years prior industry experience within a Compliance/Risk, Corporate and Investment Banking, and/or Regulatory Relations field
Bachelor’s Degree
Preferred Technical Skills:
Investment & Corporate banking expertise
Credible Challenge
Issues Management & Resolution
Process Management & Inventory
Regulatory Knowledge
Regulatory Relations
Risk Identification & Assessment
Compliance Risk Principles
Compliance & Operational Risk Program Management
Operational Risk Principles
Technology Risk Principles
Preferred Leadership Behaviors:
Communicates and influences impactfully
Creates and drives strategy
Demonstrates intellectual capacity and learning agility
Demonstrates sound decision making
Drives customer-focused results
Leads with an enterprise mindset and values
Leads with process discipline and operational excellence
Manages and scales capacity
Manages risk
Optimizes talent potential
Skills:
Advisory
Decision Making
Interpret Relevant Laws, Rules, and Regulations
Regulatory Compliance
Risk Management
Executive Presence
Issue Management
Policies, Procedures, and Guidelines Management
Prioritization
Written Communications
Business Acumen
Business Process Analysis
Critical Thinking
Negotiation
Resource Management
Shift:
1st shift (United States of America)
Hours Per Week:
40