Enterprise Privacy Compliance and Operational Risk Manager
Company: Disability Solutions
Location: Charlotte
Posted on: May 3, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for the
execution of the Global Compliance - Enterprise Policy, the
Operational Risk Management - Enterprise Policy and the Compliance
and Operational Risk Management (CORM) Program. Key
responsibilities include identifying, escalating, and mitigating
risks in a timely manner, engaging with Front Line Units and
Control Functions (FLU/CF) leaders globally, coordinating with the
FLU/CF Compliance and Operational Risk Officer teams, executing the
CORM Program and the Policies, identifying themes and trends, and
conducting analysis for new and emerging
risks.Responsibilities:
- Assesses risks, associated controls and their effectiveness,
driving compliance with applicable laws, rules, and regulations and
adhering to policies
- Engages in activities to provide independent compliance and
operational risk oversight of Front Line Unit or Control Function
(FLU/CF) performance and any related third party/vendor
relationships in alignment with the Global Compliance - Enterprise
Policy, the Operational Risk Management - Enterprise Policy
(collectively the Policies) and the Compliance and Operational Risk
Management Program and Standard Operating Procedures
- Identifies and escalates problems or issues that arise and
drives actions to address the root causes that lead to compliance
risk issues and/or operational risk losses, including opening new
issues based on risk severity in the centralized issues tool
- Manages inventory of processes, risks, controls, and associated
metrics for risk appetite and limits, reporting violations of
compliance or regulatory activities
- Analyzes and interprets applicable laws, rules, and regulations
to provide clear and practical advice to stakeholders, and identify
and manage risks including monitoring the regulatory environment to
identify regulatory changes applicable to area(s) of coverage and
maintaining a comprehensive regulatory inventory, while supporting
communication of regulatory changes to the FLU/CF and ensuring that
policies, standards, procedures and/or processes are appropriately
implemented or amended to address regulatory requirements
- Responds to regulatory inquiries, other audits, and
examinations and identifies regulatory training needs supporting
the development of the training curriculum
- Reviews and challenges FLU/CF process, risk, Single Process
Inventory and FLU/CF Risk and Control Self-Assessment related to
themes or trends, while monitoring the regulatory environment to
identify regulatory changes applicable to area(s) of
coverageSkills:
- Advisory
- Regulatory Compliance
- Reporting
- Risk Management
- Written Communications
- Active Listening
- Analytical Thinking
- Interpret Relevant Laws, Rules, and Regulations
- Negotiation
- Policies, Procedures, and Guidelines Management
- Adaptability
- Business Process Analysis
- Issue Management
- Monitoring, Surveillance, and TestingJob Description:Enterprise
Privacy is a global team of subject-matter experts responsible for
Compliance & Operational Risk coverage of Data Privacy across the
enterprise operating in a highly technical, fast-changing and
dynamic environment. This job is responsible for the execution of
the Global Compliance - Enterprise Policy, the Operational Risk
Management - Enterprise Policy and the Compliance and Operational
Risk Management (CORM) Program specific to Data Privacy risks. Key
responsibilities include identifying, escalating, and mitigating
risks in a timely manner, engaging with Front Line Units and
Control Functions (FLU/CF) leaders globally, coordinating with the
FLU/CF Compliance and Operational Risk Officer teams, executing the
CORM Program and the Policies, identifying themes and trends, and
conducting analysis for new and emerging risks.Responsibilities:---
Assesses risks, associated controls and their effectiveness,
driving compliance with applicable laws, rules, and regulations and
adhering to policies--- Engages in activities to provide
independent compliance and operational risk oversight of Front Line
Unit or Control Function (FLU/CF) performance and any related third
party/vendor relationships in alignment with the Global Compliance
- Enterprise Policy, the Operational Risk Management - Enterprise
Policy (collectively the Policies) and the Compliance and
Operational Risk Management Program and Standard Operating
Procedures--- Identifies and escalates problems or issues that
arise and drives actions to address the root causes that lead to
compliance risk issues and/or operational risk losses, including
opening new issues based on risk severity in the centralized issues
tool--- Manages inventory of processes, risks, controls, and
associated metrics for risk appetite and limits, reporting
violations of compliance or regulatory activities--- Analyzes and
interprets applicable laws, rules, and regulations to provide clear
and practical advice to stakeholders, and identify and manage risks
including monitoring the regulatory environment to identify
regulatory changes applicable to area(s) of coverage and
maintaining a comprehensive regulatory inventory, while supporting
communication of regulatory changes to the FLU/CF and ensuring that
policies, standards, procedures and/or processes are appropriately
implemented or amended to address regulatory requirements---
Responds to regulatory inquiries, other audits, and examinations
and identifies regulatory training needs supporting the development
of the training curriculum--- Reviews and challenges FLU/CF
process, risk, Single Process Inventory and FLU/CF Risk and Control
Self-Assessment related to themes or trends, while monitoring the
regulatory environment to identify regulatory changes applicable to
area(s) of coverageMinimum Years of Business & Functional
Experience: 7 yearsDesired Skills: In depth knowledge of or
certification in law, rule, regulation and/or Data Privacy;
Association of Privacy Professional (IAPP) accredited certification
programs Shift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, Kannapolis , Enterprise Privacy Compliance and Operational Risk Manager, Executive , Charlotte, North Carolina
Didn't find what you're looking for? Search again!
Loading more jobs...