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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!Job Description:Risk manager will be responsible for assessing risks and control effectiveness for enterprise architecture and technology management practices and procedures within Global Technology.This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.Responsibilities:Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinationsEngages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating ProceduresIdentifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk lossesManages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activitiesAssists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routinesAnalyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risksReviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverageSkills:AdvisoryMonitoring, Surveillance, and TestingRegulatory ComplianceReportingRisk ManagementCritical ThinkingInfluenceInterpret Relevant Laws, Rules, and RegulationsIssue ManagementPolicies, Procedures, and Guidelines ManagementBusiness Process AnalysisDecision MakingNegotiationProcess ManagementWritten CommunicationsRequired Technical Qualifications:7+ years of technology experience with a focus on software architecture, software engineering, technology management, or other relevant disciplineIn depth understanding of the software development lifecycle, change management process, and commonly used CI/CD toolsExperience with software development or design, including security, resiliency, and maintainability of applicationsUnderstanding of functional and non-functional requirements, business objectives for software, and technology strategy and planningPrior hands-on experience developing, deploying, and operating software applications is preferredKnowledge of best practices related to data management and data architectureKnowledge of architecture frameworks such as TOGAF is also preferableDegree Required: Bachelor’s Degree;Desired Qualifications:Additional Technical/Functional Experience (e.g. Industry type): Financial Services or similarly regulated sectorCommunicates and Influences with Impact:Communicates complex ideas in a way that is clear, direct, concise, simple and contextual; avoids jargonShapes the opinions and actions of others, gaining trust & commitment for desired outcomesAdjusts style and personalizes message to best connect with others; inspires others to follow his/her leadConstructively challenges; supports opinion and recommendations with facts and dataShares opinion with confidence; is persistent and tenacious for what is rightDemonstrates productive edge, appropriately voicing and challenging opinionsDemonstrates productive partnering with various stakeholders across the enterprise at all levelsRole models effective communication and influence; develops others on this skillShift:1st shift (United States of America)Hours Per Week:40Pay Transparency detailsUS - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$96,000.00 - $172,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
