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Compliance and Operational Risk Manager

Bank of America

Bank of America

Legal
Paris, France
Posted on Saturday, November 18, 2023

Job Description:

Job Title: Compliance and Operational Risk Manager - Technology

Corporate Title:  up to Director

Location:  Paris

Company Overview:

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!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

The EMEA Compliance and Operational Risk Team is responsible for the second-line Compliance and Operational Risk coverage. The team operates in a technically complex, fast-changing and dynamic environment with an excellent culture of growth, learning and development. By joining this team, you will get exposure to colleagues and senior managers in Technology, Risk, and Audit, both within the region and globally.

Role Description:

An opportunity has arisen for a Compliance & Operational Risk Manager to join the Compliance & Operational Risk (COR) team, primarily responsible for independent oversight of Bank of America's Global Technology, Global Information Security and Vendor (including inter-affiliate services) Management functions in Paris, and Bank Of America Securities Europe (BofASE).

You will be responsible for providing 2nd line Compliance & Operational Risk coverage for our local functions, as well as augmenting the broader EMEA risk and compliance group responsible for overseeing Technology and Global Information Security across the broader EMEA region

Responsibilities:

  • Developing and leading control testing, targeted risk assessments, and monitoring activities;

  • Independent review & challenge of legal entity Risk Self Assessments with respect to Technology, cyber, vendor and cross-bank inter-affiliate services risk;

  • Identification of material issues arising from Monitoring, Assessment & Testing activities, and ongoing oversight;

  • Periodic review of the firm’s policies relating to Technology and applicability to European entities;

  • Review & challenge of the annual Technology scenario analyses;

  • Effective review of French and European regulatory developments and legislations impacting Technology, interpretation of changes, with communication and education provision to relevant staff on regulatory developments; and

  • Reviewing impact of Global Technology developments, risks and issues with respect to local legal entity, BofASE, as well as the broader EMEA region.

What we are looking for:

  • Extensive experience in first, second or third line risk

  • A flexible and solution driven perspective, and a determination and desire to find answers to complex issues

  • Willingness to learn beyond the task or job at hand

  • Excellent written and verbal communication skills

  • Keen attention to detail

  • Ability to work both as part of a team and independently

  • Fluent English speaker

Skills that will help:

  • French fluency

  • CISA, CISM, or other relevant certification

Benefits of working at Bank of America:

France

  • Competitive retirement plan in addition to State plans

  • Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

  • Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

  • Life and disability insurance

  • Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

  • Reimbursement of 50% of your commuter pass

  • Nursery scheme for children under age 3

  • Works council benefits

  • Access to an Employee Assistance Programme for confidential support and help for everyday matters

  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

  • Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.