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Bank of America

Compliance & Operational Risk Manager (Operations Coverage)

London, United Kingdom

Job Description:

Job Title: Compliance & Operational Risk Manager (Operations Coverage)

Corporate Title: Vice President

Location: London/Dublin/Paris/Chester/Bromley

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.

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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:

Dublin: Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.

Paris: 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.

Chester: Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Bromley: Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

London: Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

The team is responsible for Compliance & Operational Risk coverage for Global Operations in EMEA. The team operates in a highly technical, fast-changing and dynamic environment with an excellent culture of growth, learning and development. By joining this team, you will gain exposure to colleagues and senior managers in Global Markets (in particular FICC and Equities), Operations, Technology, Risk, Legal and Audit, both within the region and globally.

Role Description:

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role provides leadership direction to attract, assess, develop, motivate teammates. Working as part of the Global Compliance & Operational Risk (COR) team responsible for independent oversight of Global Operations in EMEA you will be responsible for execution of the Compliance & Operational Risk Management Program with respect to Global Operations (GO).

Responsibilities:

  • Providing independent review & challenge of compliance with legislative obligations, primarily focused on BofAEurope for the EU, related to the Global Markets Operations activities, supporting the regional legal entities.
  • Promoting discussion with LOB, Operations and Change Management, with respect to BAU and change related Operational activities.
  • Ongoing identification of compliance and regulatory risks resulting from business discussions.
  • Leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments.
  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements.
  • Representing Compliance on selected LOB Operations change, providing advice against regulations.
  • Contributing to scheduled and periodic reporting.

What we are looking for:

  • Demonstrable experience in global markets Operations.
  • Experience in 2nd line operational risk and Compliance.
  • Good working knowledge of Financial Market products such as: equities, commodities, fixed income, currencies and derivatives.
  • Logical thinker with excellent technical skills.
  • A flexible and solution-oriented perspective, with determination and desire to find answers to issues.
  • Excellent written and verbal communication.
  • Keen attention to detail.
  • Ability to work as part of a team.

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 gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status 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.

Client-provided location(s): London, UK; Dublin, Ireland; Paris, France; Bromley, UK; Wrexham Rd., Chester CH4 9PX, UK
Job ID: BankOfAmerica-JR-24003536
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program