Vice President, Compliance and Operational Risk Manager, GCIB

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.  Join us!

Job Description

The Compliance and Operational Risk (C&OR) Manager for Global Corporate and Investment Banking (“GCIB”) is responsible for providing independent compliance and operational risk oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance with regard to GCIB businesses in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures. As a member of an FLU C&OR team, the GCIB C&OR Manager demonstrates and applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks. This role exercises judgment and influence and may constructively challenge FLU and CF leaders to support the CORM Program objectives, balancing business strategy with appropriate controls.

Responsibilities

• Takes an active leadership role in maintaining and communicating regulatory changes related to GCIB businesses, advising and directing business partners to ensure that regulatory requirements are addressed in their respective process and controls so that their day-to-day activities operate in a compliant manner.
• Proactively engages other C&OR officers, Enterprise Areas of Coverage (“EAC”) roles, and horizontal function roles to provide comprehensive oversight of GCIB activities.
• Identify, collect, validate and record operational risk events and “near misses.” Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls.
• Conduct compliance and operational risk assessments of FLU and CF, incorporating review of external loss events to assess control effectiveness.
• Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for FLU or CF.
• Monitor and test the effectiveness of the FLU and CF compliance and operational risk controls.

Required Skills

• Knowledge and experience at the global financial institution(s) on compliance or other control functions with strong appetite and willingness to learn and lead those control tasks
• Knowledge and experience in a compliance function or investment banking business preferred.
• Ability to multi-task and independently drive responses to regulatory/exchange compliance issues/queries.
• Solid awareness of controls and governance.
• Self-motivated, a team player and results orientated.
• Ability to work in partnership with business, shared services and other members in Legal and Compliance in the region.
• Excellent communication skills both in oral and written Japanese and English.
• Language: (Japanese) Native/Bilingual, (English) Professional/Business level
• Technical Skills:  Professional in the use of Microsoft Outlook, Excel, Word and Powerpoint