Compliance & Operational Risk Manager

Compliance & Operational Risk Manager – Vice President – Paris

Role Description

The role holder is responsible for executing second line of defence compliance and operational risk oversight for impacted Front-Line Units and Control Functions (FLU / CF) regarding prudential LRRs. Key responsibilities include ensuring implementation of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program, and related SOPs, and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities

• Assesses risks and effectiveness of FLU and CF processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, audits, and examinations.
• Engages in activities to provide independent compliance and operational risk oversight of FLU or CF performance and any related third‑party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy and the Compliance and Operational Risk Management Program.
• 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 obligations.
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines.
• Analyses 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.

Managerial Responsibilities

• Opportunities & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data‑based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, elevate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating teamwork.

Requirements / What We Are Looking For

• Experience in prudential LRR coverage (Market & Model Risk focused for Paris) and broader responsibilities.
• Several years of relevant experience in financial services or a similarly regulated sector.
• Decision requiring regulatory examination/registration or certification, depending on jurisdiction and role.
• Bachelor's degree in a related field.

Skills That Will Help

• Advisory
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Reporting
• Risk ManagementCritical Thinking
• Influence
• Interpretation of Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Business Process Analysis
• Decision Making
• Negotiation
• Process Management

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.
• 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 leave days, cash them out or use them later.
• 50% reimbursement of commuter pass.
• Nursery scheme for children under age 3.
• Works council benefits.
• 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.
• Free entry to arts exhibitions sponsored by Bank of America in Paris.

Equal Opportunity Statement

Bank of America is an equal opportunities employer; 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 dependents, or physical or mental disability. The Bank selects candidates for interview based on skills, qualifications and experience, and strives to ensure recruitment processes are accessible for all candidates. Adjustments can be requested if required.