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Liquidity Risk Oversight -Compliance and Operational Risk Manager

Dublin, , Ireland

Job Description:

Job Title: Liquidity Risk Oversight - Compliance and Operational Risk Manager

LOB: Global Risk / Chief Financial Officer Compliance and Operational Risk (CFO COR)

Corporate Title: Liquidity Risk Oversight -Compliance and Operational Risk Manager

Location: Dublin

C&OR Manager proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries.

Responsibilities:

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor.

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

  • Produces and/or oversees the development of independent risk management reporting for respective area(s) of coverage as input to governance and management routines

  • Provides subject matter expertise to assist the FLU/CF in establishing an annual learning plan, may be accountable for developing and delivering training content

  • Develops and maintains C&OR-owned policies and standards and/or provides oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable

  • Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory

  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements

  • Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely

  • Contributes to or leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments, communicates results

  • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)

  • Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate

  • Participates in Scenario Analysis activities for coverage areas and challenges as appropriate

  • Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

The Team:

Chief Financial Officer Compliance and Operational Risk (CFO COR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s capital, liquidity and earnings risks. The team helps Bank of America grow responsibly through developing our teammates, promoting a diverse and inclusive culture and approaching our work with intellectual curiosity and dispassionate objectivity. CFO COR delivers its mission through a steadfast commitment to its values: managing risk well; cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; developing talent, advancing careers and creating leaders within Global Risk Management and across the company.

The CFO COR team is responsible for independent compliance and operational risk oversight of the CFO Group, Enterprise Stress Testing, Global Resolution and Recovery Planning and Regulation W related activities across the firm. The CFO COR Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of key CFO functions responsible for managing the firm’s capital, liquidity and earnings risks.

Core Skills:

  • Bachelor’s Degree or equivalent experience in related discipline

  • 7+ years of experience in one or more of the following disciplines

  • Liquidity expertise related to the laws, rules and regulations in the UK and EU

  • Resolution and Recovery Planning for European legal entities

  • Capital markets or funding related activities

  • Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking

  • Communication - ability to communicate effectively and with impact, including excellent writing and presentation skills

  • Collaboration - Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups. Comfortable and proficient in navigating an organizational matrix.

  • Innovative - ability to identify simpler and better ways of doing things; embraces and adapts to change well

  • Autonomy – self-starting, able to translate broad-strokes to actions. Actively seeks and executes on value-added opportunities.

  • Influence - ability to influence stakeholders and drive agenda. Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

  • Developing Others- Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods

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.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

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.

Job Band:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Liquidity Risk Oversight - Compliance and Operational Risk Manager

LOB: Global Risk / Chief Financial Officer Compliance and Operational Risk (CFO COR)

Corporate Title: Liquidity Risk Oversight -Compliance and Operational Risk Manager

Location: Dublin

C&OR Manager proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries.

Responsibilities:

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor.

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

  • Produces and/or oversees the development of independent risk management reporting for respective area(s) of coverage as input to governance and management routines

  • Provides subject matter expertise to assist the FLU/CF in establishing an annual learning plan, may be accountable for developing and delivering training content

  • Develops and maintains C&OR-owned policies and standards and/or provides oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable

  • Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory

  • Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements

  • Ensures C&OR “owned” issues and control enhancements are identified and addressed appropriately and timely

  • Contributes to or leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments, communicates results

  • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)

  • Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate

  • Participates in Scenario Analysis activities for coverage areas and challenges as appropriate

  • Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

The Team:

Chief Financial Officer Compliance and Operational Risk (CFO COR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s capital, liquidity and earnings risks. The team helps Bank of America grow responsibly through developing our teammates, promoting a diverse and inclusive culture and approaching our work with intellectual curiosity and dispassionate objectivity. CFO COR delivers its mission through a steadfast commitment to its values: managing risk well; cultivating diversity of thought and valuing different perspectives and experiences; driving an inclusive culture that promotes learning, fosters relationships and creativity; developing talent, advancing careers and creating leaders within Global Risk Management and across the company.

The CFO COR team is responsible for independent compliance and operational risk oversight of the CFO Group, Enterprise Stress Testing, Global Resolution and Recovery Planning and Regulation W related activities across the firm. The CFO COR Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of key CFO functions responsible for managing the firm’s capital, liquidity and earnings risks.

Core Skills:

  • Bachelor’s Degree or equivalent experience in related discipline

  • 7+ years of experience in one or more of the following disciplines

  • Liquidity expertise related to the laws, rules and regulations in the UK and EU

  • Resolution and Recovery Planning for European legal entities

  • Capital markets or funding related activities

  • Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking

  • Communication - ability to communicate effectively and with impact, including excellent writing and presentation skills

  • Collaboration - Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups. Comfortable and proficient in navigating an organizational matrix.

  • Innovative - ability to identify simpler and better ways of doing things; embraces and adapts to change well

  • Autonomy – self-starting, able to translate broad-strokes to actions. Actively seeks and executes on value-added opportunities.

  • Influence - ability to influence stakeholders and drive agenda. Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

  • Developing Others- Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods

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.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

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-21052387

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Adrian Michal Zuber

Referral Bonus:

0

Street Address

Primary Location:
Upper Hatch St, Dublin, 2