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Compliance and Operational Risk Manager

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Bank of America

Sep 18, 2024

Applications are closed

  • Job
    Full-time
    Senior & Expert Level
  • Banking & Finance
  • Dublin

Requirements

  • - Extensive Technology and Cyber Risk experience in first, second or third-line risk roles.
  • - A flexible and solution driven perspective, and a determination and desire to find answers to multi layered issues.
  • - Willingness to learn beyond the task or job at hand.
  • - Excellent written and verbal communication skills.
  • - Ability to work both as part of a team and independently.

Responsibilities

  • - Reviewing impact of Global Technology developments, risks and issues with respect to local legal entities as well as the broader EMEA region
  • - Effective review of regulatory developments and legislations impacting Technology, interpretation of changes, with communication and education provision to relevant staff on regulatory developments
  • - Developing and leading control Testing, Targeted Risk Assessments, and Monitoring activities
  • - Independent review & challenge of legal entity Risk and Control Self Assessments with respect to Technology and Cyber Risk
  • - Identification of material issues arising from Testing activities, Assessments, Monitoring, and ongoing oversight
  • - Periodic review of the firm’s policies relating to Technology and applicability to EMEA entities and technology scenario analyses
  • - Working with Global COR (“GCOR”) peers and GCOR technology leadership to ensure consistency of approach across all regions

FAQs

What is the primary responsibility of the Compliance and Operational Risk Manager?

The primary responsibility is to execute second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties, ensuring adherence to the Global Compliance Enterprise Policy and the Operational Risk Management Enterprise Policy.

Where is this job located?

The job is located in Dublin, Ireland.

What kind of experience is required for this role?

Extensive Technology and Cyber Risk experience in first, second or third-line risk roles is required.

Is there a team associated with this position?

Yes, you will be part of a team of 7 that executes the Compliance and Operational Risk program.

What benefits do we offer employees in Ireland?

Benefits include private healthcare for you and your family, competitive pension plans, life assurance, backup childcare, flexible benefits, Employee Assistance Programs, and opportunities for community volunteering.

What skills would be beneficial for candidates applying to this role?

Previous experience with Monitoring, Surveillance, and Testing, as well as the ability to interpret relevant laws, rules, and regulations would be beneficial.

Is there a focus on diversity and inclusion within the workplace?

Yes, Bank of America is committed to being a diverse and inclusive workplace, hiring individuals with a broad range of backgrounds and experiences.

Are there opportunities for professional development and career growth?

Yes, working at Bank of America provides opportunities to learn, grow, and make a unique impact in your career.

How does the company view employee well-being?

The company invests heavily in employee well-being, offering competitive benefits to support physical, emotional, and financial health.

What is the culture like within the Compliance and Operational Risk team?

The Compliance and Operational Risk team operates in a technically multi-faceted, fast-changing, and dynamic environment, emphasizing a culture of growth, learning, and development.

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Bank of America

Helping to make financial lives better through the power of every connection.

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Employees

Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.