Compliance and Operational Risk Specialist- Fiduciary
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 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 inventory.
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 Communications
Shift: 1st shift (United States of America)
Hours Per Week: 40
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