Country Compliance & Operational Risk Manager (Switzerland)

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:

You will be responsible for ensuring the identification, escalation, and timely mitigation of compliance and operational risks in the country in alignment with Bank of America internal policies and procedures.

Key responsibilities include proactively engaging with other Compliance and Operational Risk (COR) officers, including Enterprise and Independent Areas of Coverage, to provide comprehensive oversight of Front-Line Unit (FLU) and Control Function (CF) activities, including preparing materials for COR regulatory exams, audits, and inquiries and may provide consultation to business leaders in preparation for FLU and CF regulatory exams, audits, and inquiries.

Job expectations may include Money Laundering Risk Officer activities which may need to be approved or acknowledged by regulators.

Responsibilities:

• Executes the Compliance and Operational Risk Management Program covering activities executed in or through Bank of America entities in Switzerland.

• Ensures maintenance of a comprehensive regulatory inventory for the country, including overseeing identification and assessment of law, rule, and regulation changes affecting the local activity and the Swiss regulatory environment, advising business leaders of relevant changes, directing appropriate actions by impacted COR teams, and reviewing and challenging the overall implementation plan.

• Identifies, aggregates, reports, escalates, inspects and challenges remediation plans and performs thematic analysis on Front Line Unit and Control Function owned issues and control enhancements.

• Contributes to C&OR reporting to local and C&OR governance forums and escalates key issues to the appropriate level of management.

• Manages regulatory inquiries and exams in the country.

• Provides local support to Enterprise Compliance, EACs, Control Functions and other Support Functions.

What we are looking for:

• Must be fluent in German and English; knowledge of French and Italian will be an asset.

• Deep understanding of relevant Swiss Laws, Rules, and Regulations and the regulatory framework applicable to the business conducted in country. A Law degree will be an asset.

• Deep knowledge on Risk Management and on Compliance and Operational risk methodology.

• Enough knowledge and experience on the business activities conducted in Switzerland.

• A number of years of relevant experience at multinational bank 's legal & compliance department, Law firms, one of the "Big Four" or other comparable entities.

• Excellent Communication skills

• Project management skills. Capable of coordinating different stakeholders and timely delivering on projects.

• Multi-tasking person, capable of managing several complex matters at the time.

• Autonomous person able to propose courses of action and to take decisions within his/her remit.

• Superb networking skills.

• Able to navigate complex and multinational organizations.

• Problem solver, team player and independent thinker.

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.