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Country Compliance and Operational Risk Analyst

Paris, , France

Job Description:

Job Title:   Country Compliance and Operational Risk Analyst

Corporate Title:  Assistant Vice President

Location:   Paris

Role Description:

The C&OR Analyst assists in engaging other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Analyst assists in preparing materials for C&OR regulatory exams/audits/inquiries.

The C&OR Analyst is accountable for assisting the C&OR team in the proactive identification, management and escalation of compliance and operational risks through assisting in the execution of some or all of the following activities:

Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
 

Contributes to the oversight of FLU/CF training which may include tracking and communication of completion rates
 

Assists with the development and maintenance of C&OR-owned policies and standards and/or the 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
 

Supports the maintenance of a comprehensive regulatory inventory and supports the regulatory change management process
 

Contributes to the identification, aggregation, reporting and performing thematic analysis on FLU/CF-owned issues and control enhancements
 

Assists in remediating C&OR “owned” issues and control enhancements
 

Supports execution of independent risk monitoring, testing, and risk assessments
 

Assist with the reviews and challenge of the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessments (RCSA)
 

Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
 

Assists with the development of risk metrics, monitors related performance and breach remediation

The Team:

The Compliance and Operational Risk (C&OR) Analyst assists the C&OR teams, under close supervision, in activities that provide independent compliance and operational risk oversight of a Front Line Unit or Control Function (“FLU/CF”) in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs).

Key skills:

As a member of a FLU or CF compliance and operational risk officer team, this role applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks by assisting FLU or CF Compliance and Operational Risk teams with any of the following activities:

Create and maintain a regulatory inventory.
 

Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.
 

Conduct compliance and operational risk assessments.
 

Support group’s work to review and challenge the FLU/CFs’ Risk & Control Self-Assessments (RCSA)
 

Contribute to monitoring and testing coverage plans and related metrics.
 

Conduct monitoring and testing activities to check the effectiveness of the front line unit and control function compliance and operational risk controls.
 

Identify, aggregate, report and escalate compliance and operational risks, issues and control enhancements for FLU/CF.
 

Identify, collect, validate and record internal loss events and “near misses.” Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.
 

Identify, review and document relevant external loss events.
 

Assist in the execution of governance and management routines.
 

Identify compliance and operational risk training needs and inspect FLU/CF and third party participation for FLU/CF.
 

Assist with preparations for regulatory exams and audits for FLU/CF.

Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed for FLU/CF.
 

Escalate regulatory relations concerns to Compliance and Operational Risk Manager or Executive.
 

Desired


Legal, Compliance or Regulatory qualifications helpful.


Excellent written and verbal interpersonal skills and solid influencing capability across all levels of management and with regulators.


Excellent relationship management skills.


Able make decisions in a demanding, high-energy environment.


Project management skills.


Self-aware: Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners.


Good team attitude, willing to interact and discuss issues in a team environment.

Genuine interest in the securities markets and banking world, regulation and changing legislation.


Experience in dealing with regulators.


Sound risk management skills and an ability to apply good judgment, take decisions when required and to intensify when necessary.


Flexibility: Take a solution driven perspective, be a keen problem solver and have the dedication to seek answers to complex issues


The ability to synthesise laws, rules and regulations into practice.

Bachelor’s Degree or equivalent

English and French speaking

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:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title:   Country Compliance and Operational Risk Analyst

Corporate Title:  Assistant Vice President

Location:   Paris

Role Description:

The C&OR Analyst assists in engaging other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Analyst assists in preparing materials for C&OR regulatory exams/audits/inquiries.

The C&OR Analyst is accountable for assisting the C&OR team in the proactive identification, management and escalation of compliance and operational risks through assisting in the execution of some or all of the following activities:

Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
 

Contributes to the oversight of FLU/CF training which may include tracking and communication of completion rates
 

Assists with the development and maintenance of C&OR-owned policies and standards and/or the 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
 

Supports the maintenance of a comprehensive regulatory inventory and supports the regulatory change management process
 

Contributes to the identification, aggregation, reporting and performing thematic analysis on FLU/CF-owned issues and control enhancements
 

Assists in remediating C&OR “owned” issues and control enhancements
 

Supports execution of independent risk monitoring, testing, and risk assessments
 

Assist with the reviews and challenge of the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessments (RCSA)
 

Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
 

Assists with the development of risk metrics, monitors related performance and breach remediation

The Team:

The Compliance and Operational Risk (C&OR) Analyst assists the C&OR teams, under close supervision, in activities that provide independent compliance and operational risk oversight of a Front Line Unit or Control Function (“FLU/CF”) in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs).

Key skills:

As a member of a FLU or CF compliance and operational risk officer team, this role applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks by assisting FLU or CF Compliance and Operational Risk teams with any of the following activities:

Create and maintain a regulatory inventory.
 

Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.
 

Conduct compliance and operational risk assessments.
 

Support group’s work to review and challenge the FLU/CFs’ Risk & Control Self-Assessments (RCSA)
 

Contribute to monitoring and testing coverage plans and related metrics.
 

Conduct monitoring and testing activities to check the effectiveness of the front line unit and control function compliance and operational risk controls.
 

Identify, aggregate, report and escalate compliance and operational risks, issues and control enhancements for FLU/CF.
 

Identify, collect, validate and record internal loss events and “near misses.” Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.
 

Identify, review and document relevant external loss events.
 

Assist in the execution of governance and management routines.
 

Identify compliance and operational risk training needs and inspect FLU/CF and third party participation for FLU/CF.
 

Assist with preparations for regulatory exams and audits for FLU/CF.

Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed for FLU/CF.
 

Escalate regulatory relations concerns to Compliance and Operational Risk Manager or Executive.
 

Desired


Legal, Compliance or Regulatory qualifications helpful.


Excellent written and verbal interpersonal skills and solid influencing capability across all levels of management and with regulators.


Excellent relationship management skills.


Able make decisions in a demanding, high-energy environment.


Project management skills.


Self-aware: Ability to self-identify priorities, deliver to deadline and handle challenging demands and partners.


Good team attitude, willing to interact and discuss issues in a team environment.

Genuine interest in the securities markets and banking world, regulation and changing legislation.


Experience in dealing with regulators.


Sound risk management skills and an ability to apply good judgment, take decisions when required and to intensify when necessary.


Flexibility: Take a solution driven perspective, be a keen problem solver and have the dedication to seek answers to complex issues


The ability to synthesise laws, rules and regulations into practice.

Bachelor’s Degree or equivalent

English and French speaking

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-22060315

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

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