Compliance and Operational Risk Specialist - Credit Risk
Company: Disability Solutions
Location: Charlotte
Posted on: October 26, 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
assisting the Compliance and Operational Risk officer team to
execute second line of defense compliance and operational risk
oversight for Credit Risk. 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 Credit Risk 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 in the development of independent risk management
reporting for respective area(s) of coverage as input into
management routines
- Assists in responding to regulatory inquiries and other audits
and examinations
- Monitors the regulatory environment to identify regulatory
changes applicable to area(s) of coverage and maintains a
comprehensive regulatory inventory
- Ensures proper risk discipline, controls and culture are in
place to identify, escalate and debate issues.Skills:
- 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 CommunicationsThis job is responsible for assisting the
Compliance and Operational Risk officer team to execute 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:
- 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 in the development of independent risk management
reporting for respective area(s) of coverage as input into
management routines
- Assists in responding to regulatory inquiries and other audits
and examinations
- Monitors the regulatory environment to identify regulatory
changes applicable to area(s) of coverage and maintains a
comprehensive regulatory inventoryRequired Skills:
- 5 Years of applicable industry experience
- Bachelor's Degree or equivalent experience
- Credit ExperienceDesired Skills:
- Knowledge of governance and reporting practices including
escalation best practices and guidelines
- Knowledge of issue management requirements
- Ability to effectively review and challenge work done by the
FLU/CFShift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, Rock Hill , Compliance and Operational Risk Specialist - Credit Risk, Other , Charlotte, South Carolina
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