Compliance and Operational Risk Manager

at  Bank of America

JOB DESCRIPTION:

This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. 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.
Job Title: Compliance and Operational Risk Manager
Corporate Title: Up to Director
Location: Dublin

SKILLS THAT WILL HELP:

• Previous experience with Monitoring, Surveillance and Testing.
• Ability to interpret Relevant Laws, Rules and Regulations.

ROLE DESCRIPTION:

This is a dual role with responsibility for second line operational risk and compliance risk coverage for Technology and Cyber Risk for Bank of America Europe, which is head quartered in Dublin, in addition to supporting the EMEA Technology COR team with regional coverage of the Global Information Security function. Duties include, but are not limited to:

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.