Governance and Operating Strategy Lead

Job Description:

Job Title: Governance and Operating Strategy Lead

Corporate Title: VP

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:

You will be joining a global team, with team members across all regions. This team forms a significant component of the Global Markets Risk function, and the broader Global Risk Management department, which offers a wide range of opportunities for career development across different asset classes and locations. Market Risk is structured to align towards business and legal entity set-up, across 9 global Lines of Business, and various entities. The team is highly diverse, with a broad range of skills, perspectives and experiences that engenders a supportive environment; one which encourages the open risk discussions.

Role Description:

The Global Markets Risk (GMR) team is looking for an individual with experience in market risk to execute on internal strategic planning and execution for the market risk team in Paris and the broader EMEA region, with a focus on legal entity risk management. The successful candidate will partner closely with market risk managers in the region and will directly support the BofASE Co-Head of Market risk as well regional market risk leadership in their critical regulatory engagement.

Responsibilities:

• Resource planning and organising regional and legal entity governance routines and daily business operations. 
• Coordinating regulatory deliverables as part of regular routines but also ad-hoc enquiries and exams (SREP etc.), regulatory remediation work, etc for the ACPR and ECB. 
• Responding to ad-hoc regional or enterprise demands.
• Co-ordinating specific strategic deep-dives and cross-LoB analysis for regional management and LE committees (BofASE MRC and Board).
• Coordination of cross line-of-business projects - such as FRTB SA and other regulatory initiatives. This includes project planning, reporting, issue resolution and collaboration with key stakeholder groups including technology. 
• Drafting policies and other governance materials and providing guidance and assessment on regulatory compliance.

What we are looking for:

• You will have demonstrable exposure to financial services and knowledge of regulation of banks and broker-dealers.
• SME knowledge of market risk coverage for an asset will also be highly beneficial. 
• Good communicator able to convey complex information directly with senior management both in writing and verbally. 
• Self-motivated team player.
• Well organized and the ability to prioritize.
• Articulate, with good writing, documenting and presentation skills.
• An enthusiastic personality with a willingness to continually learn and adapt.
• Ability to solve problems and a strong control mentality.

Skills that will help:

• SME knowledge of market risk coverage for an asset will also be highly beneficial. 
• Analytical and Critical Thinking.

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.