Operational Risk and Control Manager

Job description
Job Description:

Job Title: Operational Risk & Control Manager

Corporate Title: Assistant Vice President

Location: Chester

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:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Role Description:

The Currency, Commodity, and Derivative Operations team performs end to end trade control, confirmation and settlements processes across FX and Commodities globally. CCDO is part of Global Market Operations who provide operational support to the Global Markets Business including as an example, Equities, Derivatives, FX, commodities, Futures & Options, and collateral.

The Operational Risk and Control Team provides support to CCDO management including identification and remediation of risk issues, audit issue management, investigation of operational losses, and management and preparation for regulatory and audit reviews.

This role will be a key part of the CCDO and the Global Markets Risk team. The role will work with the Derivative Operations Line of Business to identify key risks and solutions to improve the risk profile of the area. The role requires interaction with key partners in the business, Internal Audit, Compliance and Legal. As such the ideal candidates should have prior experience of Operations either in an Operations line role or through a role in Operational Risk, Finance, Compliance or Audit.

Responsibilities:
• Supporting Derivative Operations with the identification and management of risks, issues, and governance routines.
• Central point of contact for managing external regulatory examinations and internal audits impacting Derivative Operations
• Review operational risk incidents and issues to determine the risk impact, root cause and remediation steps. Develop period thematic analysis
• Perform risk reviews to identify risk and issues and work with management team to identify appropriate solutions
• Provide support to the Derivative Ops risk lead with responsibility for raising and writing events and issues
• Provide support on risk management routines including monthly risk meetings, reviews of operational losses, risk, and performance metric management
• Evaluate new policy requirements to understand the relevant impact and changes applicable in order to effectively communicate those requirements
• Support Operations teams during Internal audits, GCOR Targeted Risk Assessments, Operational Risk Assessments and Regulatory reviews

What we are looking for:
• Experience in Global Markets Operations or Risk Control function is preferred
• Demonstrable experience in business, finance, or accounting disciplines
• Excellent communication skills (both written and verbal) to be able to drive and influence risk-based decisions
• Excellent people /stakeholder management skills at all levels of seniority

Skills that will help (optional):
• Excellent analytical skills, attention to detail and objective problem solver
• Ability to work independently and be results driven whilst being a strong team player
• Organized and able to present issues effectively and with impact
• Excellent multitasking abilities, proactive approach to successfully comply with multiple deadlines and initiatives globally

Benefits of working at Bank of America

UK
• 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 including virtual tutoring 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
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland's most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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, marital status, race, colour, nationality, ethnic or national origins, age, ****** orientation, socio-economic background, responsibilities for dependants, 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.