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Senior Compliance & Operational Risk Specialist – Oversee GCOR programme elements across BofA’s European entities.
Join Bank of America in Paris or Dublin and drive risk management, regulatory compliance, and governance initiatives in a dynamic 2nd‑line environment.
Job Title
Job Title: Compliance and Operational Risk Specialist
Corporate Title: Vice President
Location: Paris or 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.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. 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!
Role Description
This role sits within the EU Compliance & Operational Risk (COR) Risk Quantification & Measurement (RQM) Team, responsible for the delivery of legal‑entity level GCOR programme elements across European legal entities: BofA Europe DAC and BofASE SA. The EU COR RQM Team operates within the second line of defence (2LOD), in a fast‑paced, dynamic environment and executes a suite of inter‑connected processes which deliver internal and external regulatory deliverables, through collaboration with 1LOD and 2LOD partners, and with direct accountability to Legal Entity Risk Leadership and C‑Suite Stakeholders.
The role operates within the second line of defence (2LOD) and is responsible for executing, reviewing, and challenging operational risk frameworks and outputs across key regulatory programmes in alignment with internal policies and EU supervisory expectations.
This job involves the identification, escalation, and timely mitigation of compliance and operational risks in the European Legal Entities BofASE SA and BofA Europe DAC covered, in alignment with the Global Compliance Risk Management Enterprise Policy, the Operational Risk Management Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures, amongst others.
Responsibilities
Deliver on key GCOR programme elements in a timely manner, at a legal entity level through independent data analysis, operational risk management execution, and completion of all associated administrative requirements, ensuring execution in adherence with internal policies, procedures, regulatory expectations, and supervisory standards.
Key examples of Operational Risk programme elements may include, but are not limited to, execution of:
- Risk Identification Inventory (Risk ID) Analysis
- Single Process Inventory (SPI) Analysis
- Risk & Control Self‑Assessment (RCSA)
- Operational Risk Scenario Analysis
- Capital Adequacy Assessment (ICAAP)
- Stress Testing Assessment (ICAAP & Regulatory Ad Hoc)
- Recovery and Resolution Planning (RRP)
- Risk Appetite Statement & GCOR Metric Execution
- LE Governance (Reporting/Presentation of programme outcomes)
Develop and maintain a clear understanding of key applicable EU laws, rules, and regulations applicable to various Operational Risk programme elements
Maintain and evolve associated Operational Risk programme standard operating/desktop procedures, ensuring adherence to internal policies, regulatory expectations, and supervisory standards
Manage administration of associated Operational Risk programme SPI Records, ensuring accurate and timely reflecting of all process activities, risks, metrics, and controls in accordance with internal policies and procedures
Execute controls designed to maintain oversight on Operational Risk process execution
Evaluate information gathered from multiple sources, reconcile variances and present complex data in a coherent manner and tailored to various audiences. Perform analysis and challenge of data and evidence, interrogating data for consistency, accurate, and completeness in execution of 2LOD GCOR Review & Challenge responsibilities
Contribute to the preparation and delivery of key legal entity Governance materials for various operational risk programme deliverables including submissions to Risk, Management, and Board level committees as well as to European regulators
Escalate any observed instances of non‑compliance to internal policies/procedures, and/or instances of unmitigated operational risk in a clear and timely manner
Collaborate effectively with 1LOD/2LOD partners and stakeholders across the region and Enterprise in order to execute the EU COR RQM programme of work
While prior experience of operational risk topics is desirable, all necessary technical training will be provided within the team. Accordingly, a candidate without prior operational risk experience, but who demonstrates initiative, accuracy, attention to detail, strong communication skills, and an aptitude for strategic thinking will be well suited to the role and the team.
What we are looking for (Required)
Experience commensurate with VP-level responsibilities
2LOD / Operational Risk functional experience
Bachelor's Degree or equivalent experience
Global risk management experience
Skills that will help ( Preferred)
Confident, professional presence with strong stakeholder engagement and negotiation skills
Communication skills with the ability to present effectively to senior audiences and influence across all levels of the organisation
Advanced Excel and data analysis skills, with the ability to consume and analyse high volumes of information and translate into meaningful, actionable outcomes
Advanced PowerPoint and presentation skills, with the ability to create high‑impact materials for senior leadership, governance committees, or regulatory submissions
Proven ability to translate complex information into clear, structured, and meaningful conclusions to facilitate risk management decisions
High degree of attention to detail, with a mindset of data‑based analysis and decision making, supported by audit‑traceability/evidencing
Proven ability to work under pressure in a collaborative team environment
Continuous improvement mindset with a focus on efficiency and effectiveness
Critical thinking with the ability to anticipate and pivot to evolving priorities
Ability to operate with a high degree of autonomy and accountability
Benefits of working at Bank of America (France)
Competitive retirement plan in addition to State plans
Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
Life and disability insurance
Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
Reimbursement of 50% of your commuter pass
Nursery scheme for children under age 3
Works council benefits
Access to an Employee Assistance Programme for confidential support and help for everyday matters
Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris
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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants 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.