Equities Compliance and Operational Risk Manager

$96,000 - $172,000/Yr

Disability Solutions - New York, NY

Full-time - Mid Level

New York, NY

About the position

The position at Bank of America is focused on executing compliance and operational risk oversight for Front Line Units, Control Functions, and Third Parties. The role is essential in ensuring adherence to the Global Compliance Enterprise Policy and the Operational Risk Management Enterprise Policy, while also identifying and mitigating risks in a timely manner. The position emphasizes a commitment to Responsible Growth and fostering a diverse and inclusive workplace.

Responsibilities

• Assess risks and effectiveness of Front Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations.
• Engage in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and related third-party/vendor relationships.
• Identify and escalate problems or issues that arise and drive actions to address the root causes of compliance risk issues and operational risk losses.
• Manage inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
• Assist in the development of independent risk management reporting for respective areas of coverage as input into country/regional governance and management routines.
• Analyze and interpret applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks.
• Review and challenge Front Line Unit/Control Function processes, risks, and Risk and Control Self-Assessments while monitoring the regulatory environment for applicable changes.

Requirements

• Minimum of 7 years of business and functional experience in risk management principles.
• Bachelor's Degree required.
• Strong oral and written communication skills.
• Knowledge of equities and equity derivatives market structures.
• Familiarity with laws, rules, and regulations applicable to equities and equity derivatives.
• Understanding of compliance program elements such as risk assessments, trade surveillance, and policy management.
• Familiarity with trade surveillance concepts and tools.
• Experience as an advisor to a sales and trading business, with the ability to lead projects and drive change with senior business leaders.

Nice-to-haves

• Experience covering equity derivatives sales and trading.

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support for employees
• Annual discretionary award based on performance