Compliance and Operational Risk Manager (Finance)

Job Description:

Job Title: Compliance and Operational Risk Manager (Finance)

Corporate Title: up to Director

Location: Paris

Company Overview:

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!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

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 and work closely with other Paris based teammates and as well with other teams across the world. In this role you will get exposure to the Senior Business Executive Team and C&OR (Compliance and Operational Risk) Management. There are various opportunities of  learning & development thanks to a large scope covered by the function

Role Description:

The CFO (Chief Financial Office) C&OR team is responsible for independent compliance and operational risk oversight of the CFO Group, Enterprise Stress Testing, Global Resolution and Recovery Planning and Regulation W related activities across the firm. The CFO C&OR Specialist is responsible for executing activities to provide independent compliance and operational risk oversight of key CFO functions responsible for managing the firm’s capital, liquidity and earnings risks. The primary focus of this role will be executing CFO-related activities in France, albeit the C&OR specialist will support the wider CFO C&OR EMEA team in capital and liquidity matters.

Responsibilities:

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

• 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

• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements

• Contributes to risk coverage plan development, executes independent risk monitoring, testing, and risk assessments, communicates results

• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)

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

• Support and participate in Legal Entity and country governance routines, including Permanent Control Council and Management Risk Committee as needed, as well as BofASE GCOR governance routines.

• Coordinate on relevant matters with BofASE regulators, including the ECB, ACPR and AMF.

What we are looking for:

•           Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

•           Communication - ability to communicate effectively and with impact, including good writing and presentation skills.

•           Collaboration - Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups

•           Innovative - ability to identify simpler and better ways of doing things; embraces and adapts to change well.

•           Autonomy – self-starting, able to translate broad-strokes to actions. Actively seeks and executes on value-added opportunities.

•           Influence - ability to influence stakeholders and drive agenda. Leveraging Diversity- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization. Exposure and involvement with Employee Engagement initiatives including supporting Diversity & Inclusion efforts

Benefits of working at Bank of America:

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.