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Regulatory Compliance Inventory Specialist

Charlotte, North Carolina;

Job Description:

The Regulatory Change Specialist works as part of a team to establish and oversee  the program that ensures we identify, source and maintain the current inventory of Laws, Rules and Regulations that impact all of Bank of America’s businesses globally. The Regulatory Change Specialist applies subject matter knowledge to promote a culture of compliance and the identification, escalation and timely mitigation of both compliance and operational risks.  . The Regulatory Change Specialist contributes to the consistent implementation of the requirements of the Regulatory Inventories and Regulatory Change Management - Enterprise Policy and will manage and oversee regulatory change sourcing to support the maintenance of the enterprise regulatory inventory of laws for the company. Additional responsibilities include:

  • Review and assess the quality of regulatory changes within the system of record daily

  • Design and execute reporting to support the management of the regulatory inventory process

  • Work with FLU/CF and Risk teams to maintain their regulatory inventories and lead meetings to drive its effective maintenance

  • Participate in the design and testing of system enhancements

  • Manage procedure documents to support the maintenance of the Regulatory change sourcing process

  • Collaborate with FLU/CF stakeholders ensuring timely response to audit inquiries, supported the execution of ongoing supervision meetings including aiding with preparation of audit/exam responses

  • Identify, aggregate, report and escalate risks, issues and control enhancements and ensure the leaders for the FLU/CF are aware of issues

Required Qualifications:

• 3-5+ years’ experience in compliance, risk, or audit

• Issues and controls experience

• Ability to synthesize information & summarize key themes

• Strong attention to detail - this role will be responsible for daily QA checks
• Experience working with external regulators and internal audit
• Excellent written and verbal communication skills
• Strong organizational skills

Desired Qualifications

• Reading fluency in a foreign language (i.e. Spanish or Mandarin)
• International compliance experience

• Paralegal skills or law degree

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

The Regulatory Change Specialist works as part of a team to establish and oversee  the program that ensures we identify, source and maintain the current inventory of Laws, Rules and Regulations that impact all of Bank of America’s businesses globally. The Regulatory Change Specialist applies subject matter knowledge to promote a culture of compliance and the identification, escalation and timely mitigation of both compliance and operational risks.  . The Regulatory Change Specialist contributes to the consistent implementation of the requirements of the Regulatory Inventories and Regulatory Change Management - Enterprise Policy and will manage and oversee regulatory change sourcing to support the maintenance of the enterprise regulatory inventory of laws for the company. Additional responsibilities include:

  • Review and assess the quality of regulatory changes within the system of record daily

  • Design and execute reporting to support the management of the regulatory inventory process

  • Work with FLU/CF and Risk teams to maintain their regulatory inventories and lead meetings to drive its effective maintenance

  • Participate in the design and testing of system enhancements

  • Manage procedure documents to support the maintenance of the Regulatory change sourcing process

  • Collaborate with FLU/CF stakeholders ensuring timely response to audit inquiries, supported the execution of ongoing supervision meetings including aiding with preparation of audit/exam responses

  • Identify, aggregate, report and escalate risks, issues and control enhancements and ensure the leaders for the FLU/CF are aware of issues

Required Qualifications:

• 3-5+ years’ experience in compliance, risk, or audit

• Issues and controls experience

• Ability to synthesize information & summarize key themes

• Strong attention to detail - this role will be responsible for daily QA checks
• Experience working with external regulators and internal audit
• Excellent written and verbal communication skills
• Strong organizational skills

Desired Qualifications

• Reading fluency in a foreign language (i.e. Spanish or Mandarin)
• International compliance experience

• Paralegal skills or law degree

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22024675

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Pamela Salvato

Referral Bonus:

2000

Jersey City pay and benefits information

Jersey City pay range:

$65,000 - $95,000 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.