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Vice President, Country Compliance and Operational Risk Manager

Frankfurt, , Germany

Job Description:

LOB: Global Risk

Corporate Title: Vice President

Location: Frankfurt

Role Description:

The Country Compliance and Operational Risk (C&OR) Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance and operational risks in the country in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs). The Country C&OR Manager is also responsible for:

  • Conduct compliance and operational risk assessments in the country and contribute to the risk assessment for the region, incorporating review of external loss events to assess control effectiveness.
  • Country Compliance and operational risk reporting, identifying and aggregating compliance and operational risks/issues for the country.
  • Identify, collect, validate and record internal loss events and “near misses”. Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls.
  • Identify, review and document relevant external loss events.
  • Contribute to Scenario Analyses to provide a forward-looking estimate of hypothetical operational losses.
  • Creation of compliance and operational risk training coverage plans to address local needs.
  • Compliance and operational risk monitoring occurring in the country.
  • Evaluation of internal audit results, regulator identified issues, monitoring & testing (“M&T”) results and advising on remediation required in country.
  • Ensuring Compliance and Operational Risk “owned” issues (i.e., Internal Audit, Regulator and Self-Identified issues) are addressed appropriately and timely.
  • Contribution to the development of compliance and operational monitoring & testing plans.
  • Execute governance and management routines.
  • Oversight of changes in local and regional regulation, including advising on those changes and directing the appropriate areas to implement or amend policies and procedures/processes to address change in regulations.

The Country C&OR Manager ensures that any inquiries and exams by regulators in the country are appropriately managed by the relevant Compliance & Operational Risk Officers. The Country Compliance and Operational Risk Manager escalates any key issues to the appropriate level of management.

Responsibilities for this role also include ensuring consistent quality of activities, processes and outputs by establishing effective review practices across teams.

The Country Compliance and Operational Risk Manager may be responsible for providing leadership direction, attracting, assessing, developing, motivating and retaining a successful team or serve as an individual contributor. This role may have Money Laundering Reporting Officer responsibilities.

Core Skills

  • Minimum Years Business & Functional Experience: 5 Years
  • Degree Required: Bachelor’s Degree or equivalent experience

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set 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 favourable treatment on the grounds of gender, gender identity, marital status, race, colour, 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.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-20051662

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
NEUE MAINZER STRASSE 52, Frankfurt, 60311