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!
Position Summary
This role provides leadership oversight and drives execution of key priorities and escalations related to effectively managing model governance for Global Technology. This role will coordinate model technology risk and control governance execution and routines horizontally across Global Technology. The role requires strong communication and leadership skills, candidates are required to drive collaboration with teammates across organizations and with the management team to identify opportunities to improve control and reduce risk.
Responsibilities include but are not limited to:
Ensure on-going compliance and governance adherence of the GT model portfolio to the Enterprise AI/Model Risk Management and Critical Use Spreadsheet Policies and standards
Drive the AI/model risk strategy for GT through monitoring and oversight of the AI/model and critical use spreadsheet inventory including model identification, model health and the quarterly attestation
Support driving the solutions covering the GT divisions to optimize model health and performance, prioritize and monitor overall risks and core processes while focusing on operational excellence
Review and oversee the AI and Model Risk Management requirements with responsibility for education & training, procedure development, and control implementation
Participate in and may lead steering committees and governance forums to monitor model health, MRM developer activities, and OpEx solutions
Drive solutions for self-identification of risks and control gaps and monitoring of implementation
Coordinate, maintain, and communicate to cross divisional stakeholders a schedule of deliverables and routine timelines to ensure commitments are met on time
Actively participate in efforts to define and manage ongoing execution of Model Risk KRIs
Other technology model risk and governance related activities as necessary; which may include engagement in audits / exams of model risk management topics; engagement in issues management; or engagement in other technology model risk and control programs and efforts
Manage cross functional model governance programs and projects
Identify opportunities for enhancing or streamlining execution of model risk management processes; partner across multiple divisions to execute
Required Skills
· 8+ years of experience in Risk, Audit and or Compliance Organization
o Make timely and fact-based decisions
o Self-starter, organized, versatile, and capable of performing work with minimal management oversight
o Excellent time management skills and ability to juggle multiple, competing priorities
· Stakeholder Engagement
o Maintain a strong focus on process and control owner needs
o Manage stakeholder relationships to better promote collaboration across Global Technology
· Risk Discipline
o Create a risk culture by holding self and others accountable for managing risk within the enterprise and exam management
o Proactively identify and escalate concerns/issues with a sense of urgency, when needed
o Promote an environment where risks are openly discussed and debate
· Promote Collaboration
o Demonstrate and encourage collaboration, connection, and teamwork within and beyond immediate team
o Manage conflict within and across teams
o Actively build and sustain long-term relationships based on mutual trust and respect
· Communicate with Impact
o Communicate effectively (both in writing and when speaking) and synthesize information in order to drive team to results
o Adjust style and personalize messages in order to best connect with others
o Connect the dots for others across multiple data points, make connections upstream/downstream that may not be easily noticeable
· Learn and Adapt
o Capable of analyzing complex problem to provide strategic and tactical solutions
o Intellectually curious, constantly seeking to learn and advance his/her knowledge
o Ability to remain positive and focused during times of pressure, adversity, or change
Desired Qualifications:
· 5 + years of technology audit experience for a large and complex organization
· Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
· Expert understanding of technology / technology risk and control / technology risk management
· Proven ability to foster the Identify, Escalate, Debate Risk Culture
· Understanding of risk/compliance routines and frameworks
Prior experience with Model/Artificial Intelligence governance
Proven experience in implementing related requirements of Compliance and Operational Risk Programs, including risk assessments and issues management
Prior work experience at Bank of America and familiarity with the Global Technology organization
PMP, CISA, CGEIT, CISM , CRISC, CISP, or other related certification strongly preferred
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Job saved