Equities Compliance and Operational Risk Manager

Bank of America

Bank of America

New York, NY, USA · United States · Remote
Posted on Wednesday, April 3, 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:
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.


  • 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 examinations

  • Engages 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 Procedures

  • Identifies 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 losses

  • Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities

  • Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines

  • Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks

  • Reviews 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 coverage


  • Experience with risk management principles

  • Strong oral and written communication skills

  • Knowledge of equities and equity derivatives market structures

  • Familiarity with laws, rules, and regulations applicable to equities and equity derivatives

  • Understanding of compliance program elements such as risk assessments, trade surveillance and policy management.

  • Familiarity with trade surveillance concepts and tools

  • Experience as an advisor to a sales and trading business

  • ability to lead projects and drive change with senior business leaders

The C&OR Manager proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise
Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a
global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The
C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business
leaders in preparation for FLU/CF regulatory exams/audits/inquiries.

Required and Desired Candidate Qualifications

Minimum Years of Business and Functional Experience: 7 Years
Degree Required: Bachelor’s Degree;
Additional Desired Qualifications: Experience covering equity derivatives sales and trading


1st shift (United States of America)

Hours Per Week: