Compliance and Operational Risk Manager- Data Analytics
Company: Disability Solutions
Location: Charlotte
Posted on: October 6, 2024
Job Description:
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!Job Description:This job is responsible for
executing second line of defense compliance and operational risk
oversight for a Front Line Unit, Control Function, and/or Third
Parties. 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:
- Assesses risks and effectiveness of Front Line Unit (FLU)
processes and controls to ensure compliance with applicable laws,
rules, and regulations, while responding to regulatory inquiries,
other audits, and examinations
- Engages in activities to provide independent compliance and
operational risk oversight of FLU or Control Function (CF)
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
- Identifies and escalates problems or issues that arise and
drives actions to address the root causes that lead to compliance
risk issues and/or operational risk losses
- Manages inventory of processes, risks, controls, and associated
metrics for risk appetite and limits, reporting violations of
compliance or regulatory activities
- Assists in the development of independent risk management
reporting for respective area(s) of coverage as input into
country/regional governance and management routines
- Analyzes and interprets applicable laws, rules, and regulations
to provide clear and practical advice to stakeholders, and identify
and manage risks
- Reviews and challenges FLU/CF process, risk, Single Process
Inventory, and FLU/CF Risk and Control Self-Assessment related to
themes or trends, while monitoring the regulatory environment to
identify regulatory changes applicable to area(s) of
coverageSkills:
- Advisory
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Reporting
- Risk Management
- Critical Thinking
- Influence
- Interpret Relevant Laws, Rules, and Regulations
- Issue Management
- Policies, Procedures, and Guidelines Management
- Business Process Analysis
- Decision Making
- Negotiation
- Process Management
- Written CommunicationsJob Description and Role Responsibilities
Global, Compliance and Operational Risk (GCOR) Cybersecurity Risk
Governance seeks to deliver effective independent risk management
of Global Information Security processes and controls. The team
provides Second Line oversight of the Global Information Security
program. Key goals of the team are 1) promote a strong risk
culture, 2) understand the enterprise risk profile and risk
appetite, 3) establish sound risk management processes to
effectively identify, measure, and monitor risk, and 4) create
operational efficiencies when leveraging data to support risk-based
identification, management, and overall Second Line oversight. This
role will be a leader reporting to the Cybersecurity GCOR Executive
responsible for managing diverse administrative functions for a
large, complex department. The individual must retain horizontal
view across the team and throughout the organization where
applicable. Executive presence required, as the individual will
interact with senior leaders across the Enterprise. Functions
managed may include: Personnel processes, audit/compliance,
premises, coordination of certain projects, associate training,
service quality, process improvement, communication, Risk Forums,
and document retention process. May consult with senior management
to define and manage projects that encompass and impact many
associates. Requires a thorough knowledge of the department or
business unit's functional area or products. Working knowledge of
general bank policies, programs and procedures. Role
Responsibilities to include, but not limited to: Ability to
understand data architectures, identify mechanisms to streamline
data ingestion from the various systems/technologies, and the
capability to contextualize that data for various needs Ability to
understand data in terms of cyber risk concentration and thematic
analysisAdvanced Project Management and Reporting Experience
Advanced soft Skills and ability to work horizontally Foundational
(high level) cyber knowledge Demonstrated ability to communicate
hard problems in digestible ways based on audience Diverse PM/Risk
Management Experience across public and private sector or various
industries Proficiency in Data Analytics, Risk dashboards, and
Visualizations Ability to Lead business management function
including management routines, event management, employee
engagement, workforce planning and monitoring of organizational
health Act as a trusted advisor to the Executive and Leadership
team Facilitate communication routines with key stakeholders -
FLUs, GCOR partners, GIS including maintenance of Stakeholder
Matrix, material creation and approval Resource staffing processes
including open role reporting/tracking and onboarding Become an
expert of team systems of records to effectively integrate key data
elements Ability to pull 2nd line Cyber Coverage activities for
various audiences including Audit and RegulatorsRequired
Qualifications --- 7+ years of project/program management,
operations management or business support experience with strong
leadership presence. --- Must be a proactive, self-starter with a
strong attention to detail and accuracy --- Self-motivation,
self-direction, organizational skills and the ability to manage
priorities without sacrificing quality or timelines is critical ---
Ability to manage in a fast-paced, matrixed environment --- Ability
to influence, negotiate, and drive to results --- Excellent verbal
and written communication skills with ability to communicate
effectively both vertically and horizontally to obtain agreement
between partners. --- A creative, strategic thinker with a very
strong practical viewpoint - must be willing to roll up sleeves and
operate in a lean team environment --- Adapts to changing
circumstances --- Ability to think strategically and execute
tactically --- Independent thinker who is proactive and takes
initiative to solve problems --- Proven relationship management
skills to influence decisions and resolve conflicts across teams
Risk Mindset- Strong risk awareness and mindset Desired
Qualifications --- Vision- Takes a long-term view and builds a
shared vision with others; acts as a catalyst for organization
change. Influences others to translate vision into action ---
Communication- Can articulately paint credible pictures & visions
of possibilities and likelihoods --- Resilience- Deals effectively
with pressure; remains optimistic and persistent, even under
adversity. Recovers quickly from setbacks. On occasion required to
take an unpopular stand --- Collaboration- Develops networks and
builds alliances; collaborates across boundaries to build
relationships and achieve common goals. --- Interpersonal Skills-
Treats others with courtesy, sensitivity, and respect. Considers
and responds appropriately to the needs and feelings of different
people in different situations --- Leveraging Diversity- Fosters an
inclusive workplace where diversity and individual differences are
valued and leveraged to achieve the vision and mission of the
organization. Exposure and involvement with Employee Engagement
initiatives including supporting Diversity & Inclusion efforts
Shift:1st shift (United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Rock Hill , Compliance and Operational Risk Manager- Data Analytics, Executive , Charlotte, South Carolina
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