Job Description:Job Title: Compliance and Operational Risk SpecialistCorporate Title: Up to Vice PresidentLocation: ParisCompany 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 assisting the Compliance and Operational Risk officer team and especially BofASE Chief Compliance and Operational Risk to execute second line of defence compliance and operational risk oversight for BofA Securities Europe. The primary coverage area will be Data Risk, with a particular focus on Risk Data Aggregation and Risk Reporting (RDARR) compliance and operational risks. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:- Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation
- Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
- Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
- Assists and/or coordinates risk management reporting to Legal entity governance (such as Risk and Controls committees)
- Assists and/or coordinates responses to regulatory inquiries, other audits and examinations, Regulatory reporting's (such as Annual Report on Internal Control and RCSI Report)
- Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory
Skills:- Knowledge of RDARR regulations, including BCBS239 and ECB guidelines
- Monitoring, Surveillance, and Testing
- Process Management
- Regulatory Compliance
- Reporting
- Risk Management
- Attention to Detail
- Critical Thinking
- Interpret Relevant Laws, Rules, and Regulations
- Issue Management
- Policies, Procedures, and Guidelines Management
- Active Listening
- Advisory
- Business Process Analysis
- Written Communications
Skills that will help:- Global Risk Management experience
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
- 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 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.
