Regulator Issues Manager
Charlotte, North Carolina
Job 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. 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!
This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establish risk management procedures and standards.
Responsibilities :
Participates in establishing risk management procedures and standards
Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)
Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
Ensures adherence to the policies and procedures established by the company
Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction
Work with the Reg Issues Portfolio Executive to enable the implementation of processes, policies, playbooks, and controls for management of Regulator Issues in accordance with bank policies
Execute the regulator findings process through the lifecycle of a Regulatory Issue includingmanaging day-to-day activities of regulatory management responses, engaging with business leaders, as well as second- and third-line partners to monitor and oversee remediation of regulator issues
Escalate risks and concerns to the Reg Issues Portfolio Executive and have an in depth understanding of regulator issue status
Establish proper connect points with Regulatory Relations, Issue Owners, Regulatory Issues Steering Council, as appropriate, to ensure timely execution of the regulator finding process
Maintain required documentation for regulator issues in the appropriate system of record and ensure information is accurate and entered timely
Required Qualifications:
5+ years of experience in issue management or governance/strategic reporting roles
Advanced understanding of issue management policies, standards, reporting and processes
Proficiency with Excel Pivot table/Chart and PowerPoint
Experience with reporting and data analysis, and problem-solving skills
Attention to detail and ability to work with minimal supervision
Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
Self-starter with excellent anticipation skills; problem solving; follow up
Proven process design and project management skills
Skills:
Analytical Thinking
Critical Thinking
Collaboration
Oral Communications
Portfolio Analysis
Presentation Skills
Written Communications
Issue Management
Regulatory Compliance
Attention to Detail
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (-Policy-) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
