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Operational Risk Senior Specialist

Paris, , France

Job Description:

LOB: Global Risk

Corporate Title: Vice President

Location: Paris

We are currently seeking a forward thinking, highly motivated Risk professional to join our Paris Permanent Control team as a Control & Oversight Manager with AML/CFT skills. The Permanent Control team is a key function within the legal entity and is responsible for overseeing and ensuring an adequate internal control framework is in place and commensurate to the entity’s size, volume, activities, locations and nature/complexity of inherent risks. 

The ideal candidate is able to focus around identifying new and emerging finical crimes risks within BofASE such as the identification of money laundering, terrorism financing and escalation of high-risk clients. The successful candidate will be involved in identifying the financial crimes risk through data analytics being able to perform financial crime risk monitoring and testing (M&T) to meet the regulatory coverage over global financial crimes risks.

Additional responsibilities include maintaining advanced manual surveillance routines over identified risks, coordinating with France MLRO on new cases and products, and coordinating requirements, as well as interacting with regulators (ACPR) on matters relating to AML/CFT controls.

The scope of the role is front to back and covers all risk You will have oversight over control activities and procedures across the 1st line of defence, as well as 2nd line monitoring and testing activity.

Dual reporting will be put in place vis a vis the BofASE Compliance Officer for the AML/CFT activity and vis a vis the Head of Permanent Control for Permanent control framework.

Acceptable candidate must be a highly-experienced self-starter able to work on projects independently with a strong all-round control oversight and financial crime knowledge coupled with extensive monitoring, testing or audit experience. Previous exposure to working in a large banking group, the regulator or consulting firms would be highly advantageous.

Bank of America is in the business of managing risk and has a dedicated risk culture that is built on a proactive debate of the impact of risks on our company. Our risk management practices allow us to help our customers and clients achieve their goals and to build our company. Every employee is responsible for the management of risk and is accountable for identifying, calling out, debating and mitigating risk issues as part of their day-to-day activities.

  • Execute monitoring, testing and other control oversight activities, or oversee the conduct of such activities in other areas through the year

  • Support deep dives and  new product/ project impact analysis on the local control environment

  • Produce and develop metrics and dashboards

  • Follow up of the SIAI and audit issues impacting BofASE control environment

  • Support preparation of internal reporting

  • Build regular interactions with GFC, operational risk  and coverage team

  • Any other tasks/ projects assigned by the Head of Department

The team

  • Join a growing, developing and international team with very good working spirit.

  • Our Paris based team has interactions with the Bank’s 3 lines of Defence teams

  • Work closely with other Paris based teammates and as well with other teams across the world.

  • Exposure to the Senior Business Executive Team and C&OR Management.

  • Various opportunities of  learning & development thanks to a large scope covered by the function

Core Skills

  • Significant experience of AML / CFT in Banking, Law Enforcement environment/s, i.e. Monitoring and Testing or Assurance and/or Financial Crime Compliance.

  • Experience in executing the Monitoring and Testing program for assessing the adequacy and effectiveness of BofASE's actions in meeting regulatory requirements and obligations for managing Financial Crime Risk and report to investigation team·

  • Experience dealing with regulators would be a great benefit

  • Deep understanding of financial crimes risk typologies, and France/ EU Regulations and deep understanding of the Permanent control Function

  • Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance

  • Proficient in Excel and dashboards

  • Consistent track record of experience in the Banking and Markets area with deep knowledge of end to end activity in this business

  • SME in one (or a combination) of: Risk, Front Office/COO, Operations, Middle Office, Finance, Audit, Technology, Controls

  • Excellent written and verbal communication skills- able to present to senior partners in a clear and concise way

  • Influencing/negotiation skills and ability to manage debate and conflict professionally

  • Able to demonstrate positive teamwork, while also working independently

  • Able to collaborate across teams, functions and regions

  • Can deliver results in a high energy, dynamic environment and to tight deadlines

  • Excellent analytical skills and reporting skills with attention to detail, and a positive attitude

  • Strong ability to interpret large volume of data and synthesize relevant information

  • Relevant Risk, Control or Audit experience

  • Knowledge of Bank of America's businesses, systems and controls

  • Fluent English speaker, French fluency is a plus.

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.

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:

H5

Shift: 

Hours Per Week:

39

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

LOB: Global Risk

Corporate Title: Vice President

Location: Paris

We are currently seeking a forward thinking, highly motivated Risk professional to join our Paris Permanent Control team as a Control & Oversight Manager with AML/CFT skills. The Permanent Control team is a key function within the legal entity and is responsible for overseeing and ensuring an adequate internal control framework is in place and commensurate to the entity’s size, volume, activities, locations and nature/complexity of inherent risks. 

The ideal candidate is able to focus around identifying new and emerging finical crimes risks within BofASE such as the identification of money laundering, terrorism financing and escalation of high-risk clients. The successful candidate will be involved in identifying the financial crimes risk through data analytics being able to perform financial crime risk monitoring and testing (M&T) to meet the regulatory coverage over global financial crimes risks.

Additional responsibilities include maintaining advanced manual surveillance routines over identified risks, coordinating with France MLRO on new cases and products, and coordinating requirements, as well as interacting with regulators (ACPR) on matters relating to AML/CFT controls.

The scope of the role is front to back and covers all risk You will have oversight over control activities and procedures across the 1st line of defence, as well as 2nd line monitoring and testing activity.

Dual reporting will be put in place vis a vis the BofASE Compliance Officer for the AML/CFT activity and vis a vis the Head of Permanent Control for Permanent control framework.

Acceptable candidate must be a highly-experienced self-starter able to work on projects independently with a strong all-round control oversight and financial crime knowledge coupled with extensive monitoring, testing or audit experience. Previous exposure to working in a large banking group, the regulator or consulting firms would be highly advantageous.

Bank of America is in the business of managing risk and has a dedicated risk culture that is built on a proactive debate of the impact of risks on our company. Our risk management practices allow us to help our customers and clients achieve their goals and to build our company. Every employee is responsible for the management of risk and is accountable for identifying, calling out, debating and mitigating risk issues as part of their day-to-day activities.

  • Execute monitoring, testing and other control oversight activities, or oversee the conduct of such activities in other areas through the year

  • Support deep dives and  new product/ project impact analysis on the local control environment

  • Produce and develop metrics and dashboards

  • Follow up of the SIAI and audit issues impacting BofASE control environment

  • Support preparation of internal reporting

  • Build regular interactions with GFC, operational risk  and coverage team

  • Any other tasks/ projects assigned by the Head of Department

The team

  • Join a growing, developing and international team with very good working spirit.

  • Our Paris based team has interactions with the Bank’s 3 lines of Defence teams

  • Work closely with other Paris based teammates and as well with other teams across the world.

  • Exposure to the Senior Business Executive Team and C&OR Management.

  • Various opportunities of  learning & development thanks to a large scope covered by the function

Core Skills

  • Significant experience of AML / CFT in Banking, Law Enforcement environment/s, i.e. Monitoring and Testing or Assurance and/or Financial Crime Compliance.

  • Experience in executing the Monitoring and Testing program for assessing the adequacy and effectiveness of BofASE's actions in meeting regulatory requirements and obligations for managing Financial Crime Risk and report to investigation team·

  • Experience dealing with regulators would be a great benefit

  • Deep understanding of financial crimes risk typologies, and France/ EU Regulations and deep understanding of the Permanent control Function

  • Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance

  • Proficient in Excel and dashboards

  • Consistent track record of experience in the Banking and Markets area with deep knowledge of end to end activity in this business

  • SME in one (or a combination) of: Risk, Front Office/COO, Operations, Middle Office, Finance, Audit, Technology, Controls

  • Excellent written and verbal communication skills- able to present to senior partners in a clear and concise way

  • Influencing/negotiation skills and ability to manage debate and conflict professionally

  • Able to demonstrate positive teamwork, while also working independently

  • Able to collaborate across teams, functions and regions

  • Can deliver results in a high energy, dynamic environment and to tight deadlines

  • Excellent analytical skills and reporting skills with attention to detail, and a positive attitude

  • Strong ability to interpret large volume of data and synthesize relevant information

  • Relevant Risk, Control or Audit experience

  • Knowledge of Bank of America's businesses, systems and controls

  • Fluent English speaker, French fluency is a plus.

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.

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-21071767

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008