• Job Description

  Req#: 25012214

  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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

  Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

  At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

  Role Overview:
  The Risk Management Manager will be a part of the Regulatory Review & Remediation Function, which resides within Global Regulatory Relations in Global Risk Management. The Risk Management Manager will be responsible for reviewing a subset of regulatory issues (including Matters Requiring Attention) to ensure that regulatory issue owners throughout the enterprise are achieving quality standards, meeting regulatory expectations, and delivering complete evidence packages.
  
  Responsibilities:
  • Review work done to close in-scope regulatory issues through challenging remediation activities, evaluating control design for sustainability, and improving deliverables and/or documentation before Corporate Audit and Regulatory review
  • Partner with Reg Issues Strategy & Enablement Executive and the Reg Issue Portfolio Executive to help issue owners to move an issue through the steps necessary to remediate on time, including timely completion of review activities.
  • Revise, create (as needed) and maintain templates and other documentation that achieve greater consistency for all in-scope, in-line review activities.
  • Provide effective challenge to issue owners regarding issue remediation planning, execution, and evidence packaging to ensure they are robust and address issue in question.
  • Communicate findings to issue owners, Internal Audit, and the Reg Review & Remediation Team Leads, and provide recommendations/escalation of broad themes and trends accordingly based on findings.
  • Develop communications to keep stakeholder informed of progress and changes to processes.
  • Help to ensure that learnings from review and remediation efforts are documented and incorporated into relevant training, processes, procedures, and templates.

  Required Qualifications:
  • 5+ years of experience in issue management or governance/strategic reporting roles
  • Advanced understanding of issue management policies, standards, reporting and processes
  • Significant business knowledge of risk management and regulatory interactions.
  • Attention to detail and ability to work with minimal supervision.
  • Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility.
  • Self-starter with excellent anticipation skills; problem solving; follow up
  • Proven process design and project management skills
  • Excellent written and verbal communication skills.
  • Knowledgeable of Bank of America’s business lines, operations, organizational structure, senior executives, etc.
  • Effectively packages and communicates complex content and information.
  • Can effectively navigate and deliver results in highly matrixed environment within Global Risk and beyond.
  
  Skills:
  • Critical Thinking
  • Decision Making
  • Executive Presence
  • Talent Development
  • Issue Management
  • Oral Communications
  • Performance Management
  • Written Communications
  • Analytical Thinking
  • Change Management
  • Presentation Skills
  • Regulatory Compliance

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

  Pay and benefits information

  Pay range

  $110,000.00 - $180,000.00 annualized salary, offers to be determined based on experience, education and skill set.

  Discretionary incentive eligible

  This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

  Benefits

  This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

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