Compliance & Operational Risk Manager - Private Bank
- Compensation
- Not disclosed
- Location
- Charlotte
- Work setup
- Not specified
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- Not specified
- Category
- Finance
- Posted
Skills
Must have
- Minimum seven years' experience in wealth management related experience (preferably private banking, broker-dealer, or asset management) or experience supporting similar FLUs from a 2nd line risk or b
- Working knowledge of relevant laws rules and regulations (E.g., Reg 9, SEC, Reg W, FINRA, etc.)
- Bachelor’s Degree (MBA, J.D. a plus) or comparable experience
Nice to have
- Bachelor’s Degree in a related field
- Experience in financial services and/or a similarly regulated sector
- Technical understanding or familiarity with Bank of America systems and platform integration (operations and data management related experience, a plus
- Intellectually curious, proactive, persistent and tenacious
- Ability to effectively navigate the Bank of America organization to identify key subject matter experts and governance requirements
- Excellent communication skills; able to communicate complex ideas in a clear, direct, concise and simple way; ability to interact with individuals at all levels of the organization
- Ability to work under pressure and meet various competing requirements
Full description
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
The Private Bank Global Compliance and Operational Risk Manager (“Risk Manager”) role is responsible for front line oversight of the Bank of America Private Bank Fiduciary Investment Management areas. This includes providing an independent and aggregate view of compliance and operational risk related to Reg 9, Investment Policy Statement (creation and reaffirmation), Performance Reporting and Asset Allocation Monitoring as well as regular review of RIA affiliate collateral material in accordance with the SEC Marketing Rule. Additionally, this position will be responsible for effectively collaborating with key stakeholders across Bank of America and partners in the CIO and ISG lines of businesses within Merrill Lynch, and control partners to ensure risks are being managed effectively and efficiently.
This job is responsible for executing second line of defense compliance and operational risk oversight for the Bank of America Private Bank Fiduciary Investment Management business area
The role of Risk Manager, provides a high level of engagement with management on both the FLU and business control partners of GWIM through regular participation in and independent reporting to governance and risk management committees, senior management within Compliance and Operational Risk. The role will have the stature and authority to credibly challenge and enforce line of business compliance to the risk management frameworks and policies.