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Business Governance Executive

Bank of America

Bank of America

New York, NY, USA · North Carolina, USA · Boston, MA, USA · United States · Remote
Posted on Friday, July 5, 2024

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!

Job Description:
Directs and manages governance & risk related processes for one or more complex business groups. Exercises judgment and influences senior business managers and peers to ensure enforcement of strong risk and governance management while balancing business strategy. Works with the senior leadership to develop, implement and communicate Corporate Risk Management mission, goals and strategies. Proactively manages the relationships with regulatory agencies, external consultants and other internal risk management groups.

The Business Governance Executive is responsible for leading the Risk and Governance framework across 3 business segments: Private Wealth Management, International, and Institutional.

  • Ensure effective oversight and coordination across the three client segments and different review committees. Enforcing governance standards and managing risk effectively.
  • Harmonize the structure, process, procedures and ensure a robust and cohesive governance framework in coordination with the business head and control partners
  • Assess how this role interacts with current leadership and governance frameworks within PWM, international, and institutional. Determine necessary adjustments or integrations needed to avoid overlap and ensure consistency and smooth collaboration.
  • Develop specific metrics to measure the effectiveness of the risk and governance framework. Implement regular review and feedback mechanisms to ensure ongoing improvement and accountability.
  • Evaluate and refine presentation materials for risk committee reviews and provide an objective view while collaborating with the head of business and control partners.
  • Facilitate strengthened strategic alignment with corporate goals, especially concerning risk mitigation and governance improvements, resulting in reduced risk and improved oversight.
  • Provide synergy and consistency for cross-client-segment issues and risks, reducing the delay in response times and increasing the efficiency of implemented solutions.
  • Serve as a critical point of consolidation for the varied procedures and policies currently in place across the client segments and products, leading to more streamlined operations.
  • Offer enhanced support to the head of Merrill PWM, International, and Institutional in managing broad-scale responsibilities by providing clear, consolidated insights into risk and governance across the departments.

Qualifications:

  • Minimum of 15 years directly related experience​
  • Overall knowledge and understanding of the Enterprise Risk Framework
  • Demonstrated ability to lead and motivate a multi-functional team
  • Strong written and verbal communication skills to deliver insights and recommendations to senior management
  • Ability to bring multiple stakeholders together, synthesize information to understand root cause of issues and influence others to drive positive change.
  • Drive decision-making, and take action on complex, technical or sensitive topics with broad impact
  • Must be analytical, detail oriented and have the ability to successfully manage/execute multiple priorities
  • Strong relationship-building skills: ability to effectively lead across the organization, build effective relationships and influence at all levels to achieve change and implement goals
  • Strong understanding of the BAC franchise and key priorities; ability to leverage resources across the company to drive transformational change
  • Bachelor’s degree desired
  • Series 7/66 registrations desired

Skills:

  • Controls Management
  • Oral Communications
  • Risk Management
  • Stakeholder Management
  • Strategy Planning and Development
  • Continuous Improvement
  • Drives Engagement
  • Influence
  • Strategic Thinking
  • Talent Development
  • Data and Trend Analysis
  • Decision Making
  • Problem Solving
  • Quality Assurance

Shift:

1st shift (United States of America)

Hours Per Week:

40