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Job Information
Bank of America Compliance and Operational Risk Specialist in Charlotte, North Carolina
Compliance and Operational Risk Specialist
Charlotte, North Carolina
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.
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!
The Compliance & Operational Risk (C&OR) Specialist is responsible for maintaining enterprise-wide oversight of policies, processes, controls, laws, rules, and regulations that have enterprise-wide applicability, affecting every Front-Line Unit and Control Function at the firm. This role is an individual contributor role in Enterprise Compliance & Operational Risk (ECOR), and is responsible for identifying, escalating, and mitigating risks in a timely manner in alignment with the Compliance and Operational Risk Management (CORM) Program, the Global Compliance Enterprise Policy (GC Policy) and the Operational Risk Management – Enterprise Policy (ORM Policy). This role will have responsibility for the ongoing review of electronic communications sent to, or received by, regulated associates to identify violations of the Electronic Communications Retention -Enterprise policy requirements. In addition, the C&OR specialist will be responsible for identifying and mitigating conflicts of interest, as well as providing advice and guidance to employees/contractors and supervisors as to the requirements of the Associate Investment Policies as they relate to employee outside business activities.
Job Responsibilities include (but are not limited to) the following:
• Perform regulatory mandated supervision of electronic communications, outside business
activities, and other ad hoc reviews
Meet all documented service level agreements relevant business metrics (Key Risk Indicators)
Engages in activities to provide independent compliance and operational risk oversight of activities related to electronic communications and outside business activities
Determine appropriate disciplinary action as appropriate for late disclosures.
Escalate concerns/conflicts to C&OR Manager or Executive
Maintain a high level of intellectual curiosity; asking pertinent questions to gather relevant facts surrounding a problem, issue, or objective; weighing the relative importance, ad3equacy, and validity of information to form fact-based opinions, solve problems, and make sound decisions.
Communicating effectively (both written and oral) with internal staff, leadership, and business partners using clear, concise, and understandable language
Producing regular commentary on items of concern, ongoing issues, and recurring patterns. Proactively anticipating and identifying concerns/issues as part of one’s daily responsibilities.
Demonstrating sound and consistent judgment based on thorough and systematic review of available information
Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing volumes, processes, policies, and regulations
Required and Desired Candidate Qualifications:
Minimum Years of Business & Functional Experience: 2 years
Degree Required: bachelor’s degree or Equivalent experience
Knowledge of Compliance laws, rules, and regulations
Participate and develop new lexicon-based surveillances to address risks originating from various lines of business
Good conflicts of interest understanding
Strong verbal and written communication skills
The ability to work under pressure and within tight deadlines to a consistently elevated level of accuracy
Takes initiative and demonstrates focused desire to drive improvements versus relying on “status quo”
Demonstrated ability to be effective in an execution-oriented environment
Excellent interpersonal skills with all levels of employees
Discrete when handling confidential information
Flexible and adaptable to change
Able to demonstrate a high level of integrity with a mature approach to work
Intellectually curious
Hands on experience with Proof Point, including the ability to build and run data reports
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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