Compliance Specialist-GBAM Compliance- New York, NY (B5)

Bank of America


Location:
New York, NY
Date:
08/20/2017
2017-08-202017-09-19
Job Code:
bankofamerica-16023679NewYorkNY
Bank of America
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Job Details

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Company Bank of America

Job Title Compliance Specialist-GBAM Compliance- New York, NY (B5)

Jobid bankofamerica-16023679NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**



Provides Compliance support for Global Corporate and Investment Banking business lines, with focus on Investment Banking Coverage and M&A.



The Compliance Specialist , assists the Compliance officer team in activities to contribute to the independent compliance oversight of Front Line Unit (FLU) and Control Function (CF) performance and any related third party/vendor relationships in alignment with the CRM Program and the Global Compliance Enterprise Policy (GC Policy). As a member of a FLU or CF compliance officer team, this role applies business acumen to promote a culture of compliance and the identification, escalation and timely mitigation of compliance risks by assisting FLU or CF Compliance teams with any of the following activities:



+ Create and maintain a regulatory inventory.

+ Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.

+ Contribute to compliance risk assessments.

+ Contribute to monitoring and testing coverage plans and related metrics.

+ Monitor and test the effectiveness of the front line unit and control function compliance risk controls for FLU/CF.

+ Identify aggregate, report and escalate compliance risks, issues and control enhancements for FLU/CF.

+ Assist in the execution of governance and management routines.

+ Identify compliance training needs and inspect FLU/CF and third party participation for FLU/CF.

+ Assist with preparations for regulatory exams and audits for FLU/CF.

+ Inspect that commitments made regarding actions in response to Matters Requiring Attention (MRAs) and other actions are completed for FLU/CF.

+ Escalate regulatory relations concerns to Compliance Manager or Executive.



This role may have Money Laundering Reporting Officer responsibilities.



LOB Job Description:



Functions of the role will include:

- Coordinate reporting on issues and trends identified through reviews

- Performing QA of the GBAM Compliance Program and identifying gaps/opportunities for Compliance Program enhancements

- Working with the Global Regulatory Change and Policies team to ensure that new rules and regulations are being captured in our RITs and mapped to the appropriate businesses, processes, and policies/procedures

- Working with the Compliance Risk Analytics team to review and analyze potential horizon risks

- Working with the Risk Assessment team to review risk ratings for GBAM

- Review of Monitoring and Testing results to determine patterns and trends



Enterprise Overview:



The Compliance Specialist, assists the Compliance officer team in activities to contribute to the independent compliance oversight of Front Line Unit (FLU) and Control Function (CF) performance and any related third party/vendor relationships in alignment with the CRM Program and the Global Compliance Enterprise Policy (GC Policy). As a member of a FLU or CF compliance officer team, this role applies business acumen to promote a culture of compliance and the identification, escalation and timely mitigation of compliance risks by assisting FLU or CF Compliance teams with any of the following activities:



Create and maintain a regulatory inventory.

Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.

Contribute to compliance risk assessments.

Contribute to monitoring and testing coverage plans and related metrics.

Monitor and test the effectiveness of the front line unit and control function compliance risk controls for FLU/CF.

Identify aggregate, report and escalate compliance risks, issues and control enhancements for FLU/CF.

Assist in the execution of governance and management routines.

Identify compliance training needs and inspect FLU/CF and third party participation for FLU/CF.

Assist with preparations for regulatory exams and audits for FLU/CF.

Inspect that commitments made regarding actions in response to Matters Requiring Attention (MRAs) and other actions are completed for FLU/CF.

Escalate regulatory relations concerns to Compliance Manager or Executive.

This role may have Money Laundering Reporting Officer responsibilities.



Required skills:



BA/BS required, JD preferred

Minimum 5 years of relevant Compliance experience or equivalent (e.g. law firm)

Additional financial services industry experience related to compliance, risk or audit is a plus

Strong problem solving and analytical skills; ability to make recommendations and provide guidance to effectively bring projects to completion

Ability to create clear, convincing and well organized presentations and communications

Understands how to approach communication from a strategic perspective

Excellent communicator in both the written and oral form

Ability to work across geographic and cultural boundaries to achieve organizational goals and objectives

Ability to manage competing priorities and deadlines and ensure attention to detail in work output

Excellent management of PowerPoint and Excel

Project management experience

Strong reporting/Strong presentation skills

Broker Dealer/banking regulations experience

Minimum 5 years functional experience

Bachelor's degree or equivalent



Desired Skills:



Current or prior business support experience



**Posting Date** : 02/23/2017



**Location** : US-NY-New York



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



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**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



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