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Compliance and Operational Risk Manager
manager · Risk & Compliance
Job Description:
Job Title: Compliance and Operational Risk Manager
Corporate Title: Up to Vice President
Location: Paris
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’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:
Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.
Role Description:
This job is responsible for providing second line of defence surveillance oversight across Global Markets activities through the review, investigation, and escalation of potential market abuse and conduct-related risks identified by surveillance monitoring processes. The role serves as a key escalation point for offshore surveillance teams and partners closely with Global Markets Compliance and Operational Risk (COR) to ensure the timely identification, assessment, and disposition of surveillance alerts in accordance with regulatory requirements and internal policies.
Responsibilities:
Review and assess escalated trade surveillance alerts from offshore surveillance teams to determine the presence of potential market abuse, conduct, regulatory, or reputational risks.
Conduct detailed investigations of trading activity, communications, market events, and other relevant information to identify potential indicators of insider trading, market manipulation, information barrier breaches, or other misconduct.
Prepare clear and comprehensive written assessments and investigation summaries for escalation to Global Markets Compliance and Operational Risk (COR).
Provide independent challenge to alert dispositions, ensuring surveillance reviews are conducted consistently and in accordance with established policies, procedures, and regulatory expectations.
Escalate significant surveillance concerns, unusual trading activity, and emerging risk themes to senior surveillance management and Global Markets COR in a timely manner.
Partner with offshore surveillance teams to provide guidance, feedback, and training on surveillance processes, market abuse typologies, alert quality, and investigative best practices.
Monitor surveillance alert trends and identify potential gaps, inefficiencies, or emerging risks requiring enhancements to surveillance coverage, thresholds, or methodologies.
Support thematic reviews and deep-dive investigations relating to specific products, trading desks, clients, traders, or market abuse risk areas.
Maintain accurate and auditable records of investigations, decisions, and escalation outcomes in accordance with regulatory recordkeeping requirements.
Engage with Front Line Unit (FLU), Compliance, Legal, and Risk stakeholders to obtain information relevant to surveillance investigations and support effective risk assessment.
Assist in responding to internal audit reviews, regulatory inquiries, examinations, and requests relating to trade surveillance activities and investigations.
Remain informed of applicable regulatory developments, enforcement actions, and market abuse trends to ensure surveillance investigations reflect evolving regulatory expectations and industry best practices.
Contribute to ongoing enhancements of surveillance processes, procedures, analytics, and controls to improve the effectiveness and efficiency of the surveillance program.
What we are looking for:
Several years experience in as similar role
French language proficiency is mandatory for this role.
Skills that will help:
Global Risk Management experience
Benefits of working at Bank of America (France):
At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.
Competitive retirement plan in addition to State plans, life and disability assurance.
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.
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.
We offer paid maternity leave, and paternity leave of up to 26 weeks (16 paid weeks and 10 unpaid), and inclusive family leave arrangements.
Nursery scheme for children under age 3.
Works council (‘CSE’) 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, religious or similar philosophical belief, political opinion, 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.