Job Description:

Job Title: Compliance and Operational Risk Specialist

Corporate Title: up to VP

Location: Dublin

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:

Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.

The Team:

You will join an established hard-working team of five located in both Dublin and Paris and will be part of the wider Compliance and Operational Risk community based in the Dublin office. As a coverage officer you will have opportunities to engage closely with risk teams across the region and globally, and should expect direct and daily interaction with business individuals.

Role Description:

The Bank of America Europe International Compliance and Operational Risk (“COR”) team for Banking are recruiting for a Compliance and Operational Risk Specialist to join the Dublin office. The COR Specialist engages other COR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CFs. This role exercises judgment and influence, and constructively challenges FLU and CF leaders, balancing business strategy with appropriate controls.

Responsibilities

• Assess risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adherence to policies, and develop reporting and documentation
• Provide independent compliance and operational risk oversight of FLU performance and any related third party/vendor relationships in alignment with the Policies and the Compliance and Operational Risk Management Program and Standard Operating Procedures
• Review and challenge internal and external operational loss events, including development of remediation plans to strengthen controls
• Review and challenge the FLU Single Process Inventory (SPI), and FLU component of the Risk Self-Assessment (RSA)
• Develop and deliver training content where applicable
• Identify emerging compliance and operational risks, and provide a second line of defence assessment of the control environment
• Identify and escalate problems or issues that arise and drive actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• Develop independent risk management reporting for respective area(s) of coverage as input into management routines
• Respond to regulatory inquiries and other audits and examinations
• Monitor the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintain a comprehensive regulatory inventory

What we are looking for:

• Industry knowledge of Global Banking lines of business, including Corporate and Investment Banking, Capital Markets, and Global Payments and Merchant Services. Global Markets knowledge will also be advantageous
• Thorough understanding of EU regulatory landscape, framework, and areas of focus (MAR, MIFID, EMIR, PSD2)
• Demonstrable compliance and risk management experience
• A flexible and solution oriented perspective, with the desire and intellectual curiosity to find answers to complex issues
• Willingness to learn beyond the task or job at hand
• Highly motivated and proactive team player

Skills that will help:

• Critical thinking and the ability to review and challenge
• Technical proficiency in data gathering and reporting: Microsoft Office applications (Excel, PowerPoint, Word); navigating internal systems and databases
• Excellent written communication and presentation skills
• Excellent influencing and interpersonal skills

Benefits of working at Bank of America:

Ireland

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
• Ability to donate to charities of your choice and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status 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.