1 day old

EAC Compliance Manager

Bank of America
New York, NY
  • Job Code
Company Bank of America

Job Title EAC Compliance Manager

Jobid bankofamerica-17046001NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

The Enterprise Area of Coverage (“EAC”) Compliance Manager is a subject matter expert responsible for contributing to the independent compliance oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance and any related third party/vendor relationships by engaging with the compliance officer teams for the FLUs/CFs to independently advise those leaders on effectively managing compliance risk in the area of coverage. This role is responsible for providing enterprise wide oversight of specific laws, rules, regulations, and regulatory guidance, such as those related to SCRA (Service Members Civil Relief Act) or Registration and Licensing through the identification, escalation and timely mitigation of compliance risks in alignment with the CRM Program and the Global Compliance Enterprise Policy (“GC Policy”).The EAC Compliance Manager is accountable for the requirements in the Global Compliance Policy, working through compliance officers for the Front Line Units and Control Functions to complete those requirements including but not limited to the following activities:

+ Monitor regulatory environment in enterprise area of coverage and participate in industry forums to identify areas of focus and conduct benchmarking.

+ Create and maintain a regulatory inventory, communicate regulatory changes to and engage the FLU/CF in assessing impacts of regulatory changes for enterprise area of coverage.

+ Develop and maintain relevant policies to ensure they reflect regulatory requirements for enterprise area of coverage.

+ Advise and direct business leaders through the compliance officers to ensure that regulatory requirements are addressed in their respective procedures and controls so that their day to day activities operate in a compliant

The Candidate will support the implementation of Bank of America’s (Bank) Dodd-Frank Act Title VII Compliance Program for its global swap and security-based swap trading activities. The candidate additionally will support implementation efforts relating to other global regulatory derivatives reforms, including uncleared margin rules (UMR) and European derivatives initiatives as needed (e.g., EMIR / MiFID). Candidate will be responsible for enhancing the existing Compliance framework for these regulations and confirming that implementation efforts have take into consideration the Bank’s Global Compliance Policy Requirements relating to policies, procedures, monitoring, testing and reporting.

**Required Skills:**

+ Provide advisory support in connection with Dodd-Frank Title VII matters, including working with the Front Line Units, Control Functions and Business Line Compliance Officers

+ Assist in the development of a Dodd-Frank Title VII Compliance program

+ Draft and distribute regular Compliance Advisories globally to ensure that the Front Line Units and Control Functions are aware of new rules/regulations and policies/procedures relating to each Security Based Swap Dealer and Swap Dealer

+ Participate in internal Working Groups and Industry Forums in connection with swap and security-based swap rule implementation

+ Assist in the preparation of the Annual CCO Report for each Security Based Swap Dealer, Swap Dealer and any other required periodic reports that the CCO for these entities will be required to make to the governing body or relevant regulatory authorities

+ Assist in efforts relating to management reporting, metrics, and other core elements of the Global Compliance Policy

+ Assist in responding to regulatory inquiries and exams

**Posting Date** : 07/20/2017

**Location** :


- United States

**Travel** : Yes, 10% of the time

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

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**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.

**Frequently Asked Questions**

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EAC Compliance Manager

Bank of America
New York, NY

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Bank of America
New York, NY

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