GT Risk and Regulatory Portfolio Executive - Business Control Executive

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 a diverse and 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.

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

Job Description:
This job is responsible for leading a function dedicated to designing a strategy to drive internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include ensuring capabilities are in place to drive the day-to-day execution of the Operational Risk Management Framework, including the implementation of LOB and ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include providing oversight and establishing effective quality assurance and control processes.

LOB Specific Job Summary

The GT Risk & Regulatory Portfolio Management Executive will be focused on applying risk management, regulatory engagement and governance subject matter expertise to support a culture of risk identification, escalation and timely mitigation of compliance and operational risks. This senior position is focused on communicating and driving risk strategy and prioritization in partnership with executive leaders. The Risk & Regulatory Portfolio Executive will sit in overarching role collaborating with technology teams, control partners, domain experts and risk and control officers to proactively identify, debate and assess potential risks and issues and remediate open gaps in a timely manner. The role will interact with internal Audit Executive, Compliance and Operational Risk Executives as well as external Regulatory examiners. The role will require candidate to work across front line units to discuss emerging risks in the portfolio and mitigate strategies relevant to reduce likelihood of occurrence. Will utilize technical domain expertise to lead and contribute to strategic solutions within the risk portfolio. Must ensure and understand how sustainable solutions apply to adherence of policies. Leader will drive and report progress on execution of key mitigating strategies across the portfolio to leadership on an ongoing basis. The role will drive a strong Risk culture that encourages discussion and debate for everyone in the organization. The role must expertly balance the need to reduce Risk efficiently and effectively but in a manner that supports Operational Excellence.

Responsibilities:

• Engages with stakeholders to identify issues and control improvements for remediation and ensures issue resolution

• Acts as an ambassador of the risk culture, monitoring and reporting on the Line of Business or Enterprise Control Function's Operational Risk Profile

• Oversees the assessment of the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards

• Oversees the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts

• Ensures timely execution of QA activities including control execution, case management, and results reporting

• Oversees all operations front line unit responses for regulatory exams, internal audits, and other monitoring and inspection reviews

• Define and lead risk mitigating strategies to address key technology areas to ensure conformance with laws, rules and regulations.

• Partner with multiple technology organizations, divisional leads within GT and Line of Business, and control partners (i.e. GIS, Technology Compliance & Ops Risk, Audit, etc.)

• Identifies recommendations to leadership to maximize efficient identification, assessment, and remediation of risk.

• Utilize technical domain expertise in data management, artificial intelligence and/or information security to drive policy adherence and maintain sustainable risk-based solutions -Oversee Issue Management activities end-to-end, including development of action plans for self/audit /compliance-identified issues

Required Qualifications:

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