Bank of America
International CFO and Data Compliance and Operational Risk Specialist
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Job Description
Job Title: International CFO and Data Compliance and Operational Risk Specialist
Corporate Title: Vice President
Location: London
Company 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
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind.
Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical center.
Role Overview
This job is responsible for executing second line of defense compliance and operational risk oversight for Legal Entity Controllership Reporting in Bank of America’s EMEA entities. The role reviews and challenges the associated processes and controls designed to ensure accuracy of books and records necessary financial and regulatory reporting.
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.
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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 Data Risk 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 Data Risk as input into management routines.
- Assists in responding to regulatory inquiries and other audits and examinations for Data Risk.
- Monitors the data risk regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory.
What we’re looking for
- Bachelor’s Degree or equivalent experience in related discipline.
- Extensive experience with finance processes, including financial planning and analysis, financial and regulatory reporting, and/or accounting.
- Experience in Global Risk Management.
- Proven analytical and organizational skills with a focus on attention to detail and accuracy.
- Ability to communicate in written and oral form with business stakeholders at all levels.
- Ability to manage multiple priorities in a time-sensitive environment.
- Ability to collaborate effectively across multiple teams.
- Intellectual curiosity and learning agility.
Benefits
UK
At Bank of America, we strive to prioritize employees’ health and wellbeing – it’s what makes us a Great Place to Work.
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
- Competitive pension plan, life assurance, and group income protection cover if you become unable to work as a result of a disability or health reasons.
- We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave, and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work, etc.
- Use of a flex fund to use towards benefits.
- Access to an emotional wellbeing helpline, and virtual GP services.
- Access to the Peppy App which provides 1:1 support, consultations, and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood.
- Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm.
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
- Opportunity to give back to your community, develop new skills, and work with new groups of people by volunteering in your local area.
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Bank of America
Good conduct and sound judgment is crucial to our long-term success. It’s important that all employees in the organization understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset 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 favorable treatment on the grounds of gender, gender identity, marital status, race, color, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.
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