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Country Compliance and Operational Risk Specialist

Paris, , France

Job Description:

Job Title: Country Compliance and Operational Risk Specialist

LOB: Global Risk / GBAM Compliance & Operational Risk  

Corporate Title: Vice President

Location: Paris  

We are currently seeking a forward thinking, highly motivated Risk professional to join our team in Paris as a Country compliance Manager in the Compliance and Operational Risk function. The C&OR team is a key second line independent risk management 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 compliance and operational risks. 

The scope of the role is to cover all applicable regulations relevant to the legal entity, alongside the functional C&OR Banking and Markets coverage teams. You will have oversight over country-specific control activities and procedures, and support the legal entity governance framework, management risk committees and forums, to Executive Committee.

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.

Responsibilities:

  • Assessment of new regulations impacting the French Broker-Dealer

  • Regulatory point of contact for regulatory reports applicable to the French broker dealer, such as the Annual Report on Internal Controls, Annual Report of the RCSI, horizontal reports (SURFI, PROTIDE…), and new reports regulatory intake management

  • Review of hiring and conflict of interest review, in partnership with ABAC and HR

  • Support and delivery of French specific entity-related regulatory training and material

  • Support of Country governance for C&OR activities, such as business continuity management, country response team, space management controls, ExCo…

  • France C&OR engagement and D&I representation

  • Coordination of input into ACPR/AMF/ECB white papers or industry committees

  • Support of local exams and inspections impacting C&OR across several businesses and functions

  • Coordination and oversight of coverage of some functional processes, such as clients assets protection, research, finance

  • Participate in the enterprise risk and control assessment when needed

  • Support preparation of internal reporting

  • Promote the control awareness, training and advisory

  • 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:

  • Consistent track record of experience in the French compliance area with deep knowledge of end to end activity preferably in the broker dealer activity

  • 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

  • Ability to interpret large volume of data and synthesize relevant information

  • Relevant Risk, Control or Audit experience

  • Fluent English and French speaker

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.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Country Compliance and Operational Risk Specialist

LOB: Global Risk / GBAM Compliance & Operational Risk  

Corporate Title: Vice President

Location: Paris  

We are currently seeking a forward thinking, highly motivated Risk professional to join our team in Paris as a Country compliance Manager in the Compliance and Operational Risk function. The C&OR team is a key second line independent risk management 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 compliance and operational risks. 

The scope of the role is to cover all applicable regulations relevant to the legal entity, alongside the functional C&OR Banking and Markets coverage teams. You will have oversight over country-specific control activities and procedures, and support the legal entity governance framework, management risk committees and forums, to Executive Committee.

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.

Responsibilities:

  • Assessment of new regulations impacting the French Broker-Dealer

  • Regulatory point of contact for regulatory reports applicable to the French broker dealer, such as the Annual Report on Internal Controls, Annual Report of the RCSI, horizontal reports (SURFI, PROTIDE…), and new reports regulatory intake management

  • Review of hiring and conflict of interest review, in partnership with ABAC and HR

  • Support and delivery of French specific entity-related regulatory training and material

  • Support of Country governance for C&OR activities, such as business continuity management, country response team, space management controls, ExCo…

  • France C&OR engagement and D&I representation

  • Coordination of input into ACPR/AMF/ECB white papers or industry committees

  • Support of local exams and inspections impacting C&OR across several businesses and functions

  • Coordination and oversight of coverage of some functional processes, such as clients assets protection, research, finance

  • Participate in the enterprise risk and control assessment when needed

  • Support preparation of internal reporting

  • Promote the control awareness, training and advisory

  • 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:

  • Consistent track record of experience in the French compliance area with deep knowledge of end to end activity preferably in the broker dealer activity

  • 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

  • Ability to interpret large volume of data and synthesize relevant information

  • Relevant Risk, Control or Audit experience

  • Fluent English and French speaker

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-21071783

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Veronique Derissaint

Referral Bonus:

0

Street Address

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