Compliance and Operational Risk Manager

Job Description

Job Title: Compliance and Operational Risk Manager

Corporate Title: Vice President

Location: Paris

Role Description

This job is responsible for executing second line of defence compliance and operational risk oversight for CFO valuation activities in Bank of America's EMEA entities. The role reviews and challenges these activities such as the calculation, governance, controls, data quality and regulatory reporting of Prudential Valuation adjustments.

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.

A successful applicant should have strong technical understanding of EU prudential requirements (Capital Requirements Regulation/Directive, Prudent Valuation and Additional Valuation Adjustments), valuation methodologies, and the end‑to‑end capital reporting and governance framework, combined with the ability to assess data quality, controls, and model risk. They should also bring well‑developed second‑line skills, including independent challenge, regulatory engagement, issue management, and the ability to translate complex valuation and regulatory concepts into clear risk assessments for senior management and supervisors.

Responsibilities

• 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, other audits, and examinations.
• Engage in activities to provide independent compliance and operational risk oversight of CFO valuations activities in Bank of America's EMEA entities in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures.
• Identify and scale problems or issues that arise and drive actions to address the root causes that lead to compliance risk issues and/or operational risk losses.
• Manage inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities.
• Assist in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines.
• Analyze and interpret applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks.
• Review and challenge 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 applicable regulatory changes.

Managerial Responsibilities

• This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
• Model an inclusive environment for employees and clients, aligned to company D&I goals.
• Demonstrate deep process knowledge, operational excellence and innovation through a focus on simplicity, data‑based decision making and continuous improvement.
• Communicate enterprise decisions, purpose, and results, and connect to team strategy, priorities and contributions.
• Ensure proper risk discipline, controls and culture are in place to identify, elevate and debate issues.
• Provide inspection, coaching and feedback to motivate, differentiate and improve performance.
• Actively manage expenses and budgets in alignment with objectives, making sound financial decisions.
• Assess talent and build bench strength for roles across the organization.
• Deliver results by effectively prioritizing, inspecting and appropriately delegating teamwork.

What we are looking for

• Several years’ experience in financial services.
• Bachelor's Degree.
• Advisory, Monitoring, Surveillance, and Testing, Regulatory Compliance, Reporting, Risk Management.
• Critical Thinking, Influence, Interpretation of Relevant Laws, Rules, and Regulations, Issue Management, Policies, Procedures, and Guidelines Management, Business Process Analysis, Decision Making, Negotiation, Process Management, Written Communications.

Benefits of working at Bank of America (France)

• Competitive retirement plan in addition to State plans.
• Mandatory Medical Plan provided by the bank as a top‑up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers.
• Life and disability insurance.
• Time Savings Account ("CET") to save some of your leave days, cash them out or use them later.
• Reimbursement of 50% of your commuter pass.
• Nursery scheme for children under age 3.
• Works council benefits.
• Access to an Employee Assistance Programme for confidential support and help for everyday matters.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities.
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris.

Equal Employment Opportunity Statement

We are an equal opportunities employer and ensure that no applicant is subject to less‐favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants 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.