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Bank of America Hiring for RCSA and Risk ID Program Manager at Charlotte, NC Full Time
Job Description:
This role is part of the Global Compliance and Operational Risk (GCOR) Policy and Business Controls team responsible for the enterprise execution of the Risk and Control Self Assessment (RCSA) and the GCOR responsibilities within the Risk Identification (Risk ID) program.
The team owns the enterprise requirements for the RCSA which require a semi-annual self-evaluation by each business and control function across the bank of their risk profile. The individual in this role will work with business and control function employees and leaders who execute the RCSA and the GCOR teams who are responsible for providing review and challenge of the RCSA on a regular basis to provide guidance on the RCSA process and help the teams to meet the RCSA requirements. The individual will also be responsible for driving enhancements to the current RCSA program to support continuous process improvement and process efficiencies. In addition the individual will lead the design and implementation of the next generation RCSA for Bank of America. This portion of the role will require the individual to interact with a broad set of stakeholders across the business and control functions, GCOR, and technology.
The team is also responsible for facilitating a quarterly review of the compliance and operational risks within the Bank of America Risk ID inventory. The individual in the role will be responsible for working with the GCOR teams to help them understand their role in the review process and to meet the Risk ID requirements.
Required skills and experience:
7+ years experience
Relatable & applicable business & Functional Experience
Financial services experience
Risk management and Risk Assessment experience a plus
Desired Skills:
Process & Project Management
Bachelor’s Degree of equivalent experience
Risk management and RCSA / Risk ID experience a plus
The Program Implementation Manager assists in driving consistent execution of the Global Compliance – Enterprise Policy, the Operational Risk Management – Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program. This role engages with Corporate Compliance and Operational Risk (“CCOR”) to interpret program requirements and deadlines, provide feedback for process improvement. The Program Implementation Manager guides Global Compliance and Operational Risk (“GC&OR”) Officers through changes, supporting buy-in and removing obstacles to adoption. The Program Implementation Manager may analyze various data elements and assist with compiling and reporting data from process outputs for the GC&OR Executives for the Front Line Units (“FLU”), Control Functions (“CF”) or Enterprise Areas of Coverage (“EAC”).
The Program Implementation Manager plans and organizes the work, and may work independently or manage a team to support and monitor the consistent, timely, and quality execution of one or more Program elements including:
- Risk Governance and Executive Reporting
- Training
- Policy Generation & Management
- Regulatory Inventory/Regulatory Change Management
- Identification and Reporting of Risk & Issues
- Risk Assessments
- Risk and Control Self-Assessment (“RCSA”)
- Quality Assurance
- Independent Monitoring
- Independent Testing
- Operational Loss Analysis
- Scenario Analysis
- Risk Metrics and Risk Appetite
- Exam and Audit management support
This role will be responsible for executing enhancements, designing and delivering training, and helping to execute the GCOR RCSA and Risk ID programs across both the first and second lines. In addition the role will be responsible for designing the next generation RCSA for Bank of America
Required Skills: Minimum Years Business & Functional Experience: 7 Years
Degree Required: Bachelor’s Degree of equivalent experience
Desired Skills: Process & Project Management
Job Band:
H4
Shift:
1st shift (United States of America)
Hours Per Week:
40
Weekly Schedule:
Referral Bonus Amount:
0