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Bank of AmericaPosted 1 month ago

Compliance and Operational Risk Manager

$97,200–$195,000 year

On-siteNew York, United States

Full TimeLarge

Job Summary

Assess risks and effectiveness of Front Line Unit processes and controls to ensure compliance with applicable laws, rules, and regulations while responding to regulatory inquiries, audits, and examinations. Engage in independent oversight of Front Line Unit or Control Function performance and third-party vendor relationships, identifying and escalating issues to drive actions addressing root causes of compliance or operational risk losses. Manage inventory of processes, risks, controls, and metrics for risk appetite and limits, assisting in the development of independent risk management reporting for governance routines. Analyze applicable laws to provide practical advice to stakeholders and review challenge process and control self-assessments while monitoring the regulatory environment. 1st shift, 40 hours weekly. Salary range $97,200 - $195,000 annualized.

Required Qualifications

  • 5 years of prior experience in Compliance and Operational Risk, Market Risk, Technology, or Product Management; supporting electronic trading activities
  • Understanding of market structure
  • Familiarity with electronic trading strategies and algorithms
  • Data analysis skills and ability to work with large datasets / spreadsheets
  • An understanding of Operational Risk issues
  • Ability to multi-task effectively and manage stakeholder expectations
  • An understanding of electronic trading regulatory trends and future requirements

Desired Qualifications

  • Bachelor's Degree in a related field
  • Experience in financial services and/or a similarly regulated sector

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