Enterprise Risk Management Specialist

6 days ago


Jersey City, New Jersey, United States Bank of America Full time
Job Summary

We are seeking a highly skilled Risk Governance and Compliance Expert to join our team at Bank of America. As a key member of our organization, you will be responsible for assessing risks and control effectiveness for enterprise architecture and technology management practices and procedures within Global Technology.

Key Responsibilities
  • Ensure the implementation of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, and the Compliance and Operational Risk Management Program and Standard Operating Procedures.
  • Identify, challenge, escalate, and mitigate risks in a timely manner.
  • Assess risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations.
  • Engage in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third-party/vendor relationships.
  • Identify and escalate 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.
Requirements
  • 7+ years of technology experience with a focus on software architecture, software engineering, technology management, or other relevant discipline.
  • In-depth understanding of the software development lifecycle, change management process, and commonly used CI/CD tools.
  • Experience with software development or design, including security, resiliency, and maintainability of applications.
  • Understanding of functional and non-functional requirements, business objectives for software, and technology strategy and planning.
  • Prior hands-on experience developing, deploying, and operating software applications is preferred.
  • Knowledge of best practices related to data management and data architecture.
  • Knowledge of architecture frameworks such as TOGAF is also preferable.
  • Bachelor's Degree; Financial Services or similarly regulated sector.


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