Compliance and Operational Risk Specialist (Control Room)

at  Bank of America

ROLE DESCRIPTION:

Responsible for assisting the Compliance and Operational Risk officer team to
execute 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.

RESPONSIBILITIES:

• Execution of the Global Compliance Policy and the Compliance Risk Standards as applicable for the Enterprise Information Wall Compliance Program
• Review private side transactions and perform analysis to understand potential impacts on the Watch List and/or Restricted List
• Review equity and fixed income Investment Research reports
• Review non-deal roadshows organised and/or hosted by BofA
• Pre-clear trade requests in restricted stocks, pre-clear large trade requests and perform firm holding checks
• Manage the firm’s wall crossing processes, providing challenge where necessary
• Contribute to global technology projects and other targeted assessments to improve processes and mitigate risk
• Perform conflicts checks against the Watch List ahead of the business accepting certain new mandates
• Point of Contact for Enterprise Information Wall (Policy and Standard) for all Vertical Lines of Business in region
• Evidencing up to date List of Associates subject to the Watch List, Quarterly
• Creation and Maintenance of Single Process Inventory Controls, Metrics, and Thresholds
• Weekly Pipeline Review; Global Banking & Global Markets Regulatory Change Management
• Quarterly Highly Restricted Confidential Information (“HRCI”) assessment for 2nd Line applications
• Documented training for all employees, including new hires, annually (Includes Laws Rules and Regulations, Case Studies, Resources and Escalation process, including links to policies)