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Permanent Control Specialist

Paris, , France

Job Description:

Title: Permanent Control Specialist

LOB: Global Risk - GBAM Compliance & Operational Risk

Corporate Title: Up to VP

Location:  Paris

Role Description:

We are currently seeking a forward thinking, highly motivated Risk professional to join our team in Paris as a Permanent Control Specialist. The Control Oversight 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 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 defense, as well as 2nd line monitoring and testing activity.

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.

  • Support preparation of the BofASE monthly Permanent Control Council
  • Collect and follow-up on incidents/ op losses and assess their impact on the BofASE control environment
  • Build associated control procedures/oversee performance of the controls
  • Produce and develop the permanent control metrics and dashboards
  • Findings, recommendations and permanent control actions follow up
  • Follow up of the SIAI and audit issues impacting BofASE control environment
  • Ensure Legal entity process, risks and controls are updated on an annual basis and changes reflected in the ORCIT tool
  • Update Governance procedures and terms of Reference
  • 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
  • Participate in regulatory non-financial reporting
  • Participate in the enterprise risk and control assessment when needed
  • Support preparation of internal reporting
  • Promote the control awareness, training and advisory
  • Contribute to, and raise, key control governance routines for the entity
  • Build regular interactions with op 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 Defense 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 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.

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:

39

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Title: Permanent Control Specialist

LOB: Global Risk - GBAM Compliance & Operational Risk

Corporate Title: Up to VP

Location:  Paris

Role Description:

We are currently seeking a forward thinking, highly motivated Risk professional to join our team in Paris as a Permanent Control Specialist. The Control Oversight 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 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 defense, as well as 2nd line monitoring and testing activity.

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.

  • Support preparation of the BofASE monthly Permanent Control Council
  • Collect and follow-up on incidents/ op losses and assess their impact on the BofASE control environment
  • Build associated control procedures/oversee performance of the controls
  • Produce and develop the permanent control metrics and dashboards
  • Findings, recommendations and permanent control actions follow up
  • Follow up of the SIAI and audit issues impacting BofASE control environment
  • Ensure Legal entity process, risks and controls are updated on an annual basis and changes reflected in the ORCIT tool
  • Update Governance procedures and terms of Reference
  • 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
  • Participate in regulatory non-financial reporting
  • Participate in the enterprise risk and control assessment when needed
  • Support preparation of internal reporting
  • Promote the control awareness, training and advisory
  • Contribute to, and raise, key control governance routines for the entity
  • Build regular interactions with op 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 Defense 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 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.

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-22058409

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

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