Reg/External Risk Lead

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

This role is within the Global Markets Ops Risk & Control (OR&C) support team for Regulatory/External Engagement for the Exchange Traded Derivative, Collateral and Relationship Management Operations (ECRMO)  and Global Market Shared Ops and Corporate Treasury Ops  (GMSO and CTO) Lines of Business (LOB).  Working in a global team, and in close partnership with the global LOB leads, the successful candidate will be responsible for helping to support centralized coordination for all regulatory and external requests for LOBs supported.  In doing so, the candidate will need to be able to understand and articulate complex global business processes to help ensure responses to external queries are a complete and accurate representation the supporting LOBs.   The candidate will need to be a highly effective partner with the LOBs to ensure that external queries are addressed within often tight deadlines.   They will be able to confidently discuss and debate with senior leaders on topics such as scope and approach for responses both within the LOB teams supported  and the wider enterprise including Global Regulatory Relations.                                  

Responsibilities:  

Oversee the engagement and management of regulatory exams and external ad hoc queries from regulators, Self Regulated Organizations (SROs) and other external parties.                                                        

This includes managing tight deadlines and coordination with the LOB and sometimes other stakeholders outside of LOBs supported, such as, Global Regulatory Relations, Regulatory Intake Group and Global Ops Regulatory Center of Excellence. 

• Ensure all requests have been reviewed with and approved by LOB Ops Senior Leadership Team.

• Ensure QA review by Enterprise Data Management for any external queries involving data. 

• Maintain the inventory of previously used regulatory responses as reference to ensure consistency for responses.                                                                

Requirements:    

• Global Markets Operations Experience: 5+ years.

• A risk approach with an understanding of thematic regulatory interest. 

• Individual contributor with a strong control mindset with the ability to support and independently challenge the status quo.

• Excellent organization skills with ability to multi-task and reprioritize with ease.

• Impactful communication skills (written and verbal) to engage with all levels of management and stakeholders.

• Solid collaboration skills to partner with peers in the Global ORC team, and the assigned  LOBs support as well as enterprise partners.

• PowerPoint/ Excel and executive level reporting skills.                                            

enterprise position overview:
This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range