Bank of America Operational Risk Sr Specialist in Charlotte, North Carolina

Job Description:

Job Description Summary (system generated in Workday)

Responsible for assisting in the evaluation of the effectiveness of the Operational Risk Framework within a sub-LOB/ECF/Region. Responsible for assisting in the execution of one or more of the following: Complete Op Risk Assessments. Challenge and advise on LOB/ECF/Region Op Risk KRI's. Challenge LOB/ECF/Region Risk and Controls Self Assessments. Review Operational Losses for issues. Participate in Scenario Analysis and monitor gap closure. Assess effectiveness of LOB/ECF/Region Governance. Monitor levers affecting op risk capital. Analyze emerging operational risks. Participate & challenge within LOB/ECF/Region Risk/Control committees. Execute or leverage the Validated Reliance Model. Act as the ambassador of the risk culture to LOB/ECF/Region. Develop and direct staff. May direct staff. Incumbents typically have over 5+ years of risk management and LOB/ECF/Region experience.

Job Description


The Operational Risk Sr. Specialist is responsible for Risk oversight of front-line unit and control functions within the Chief Financial Officer organization and is primarily accountable for one or more of the following:

  • Collaborating with the businesses to understand and assess risks associated with current and target state business processes

  • Providing counsel to the business regarding risk mitigation strategies

  • Providing oversight for Issues and Risks focused on identification, monitoring, escalation and remediation action plans

  • Reviewing business Risk and Control Self Assessment (RCSA) content and validate completeness of material risks and reasonableness of assessment. Challenge as applicable

  • Providing oversight, advice and challenge of business process risk and control inventory, performance metrics and thresholds

  • Reviewing operational losses of business and ensure risks and issues are identified as applicable

  • Reviewing external loss data events to identify new/changed risks

  • Monitoring KRI metrics including KRI mitigation plans for KRI breaches

  • Participating in assessments and testing focused on the identification of operational risk and control framework adequacy

  • Participate in Scenario Analysis and monitor gap closure

  • Assisting with initiative oversight and other risk priorities as necessary

Required Skills & Experience

  • 3+ CFO Group experience including Corporate Treasury, Capital & Liquidity Management, Corporate Investments, Finance or comparable experience

  • Excellent written / verbal skills

  • Strong analytic, logical reasoning, and problem solving skills

  • Must be able to work independently and set goals/prioritized focus and time management skills

  • Ability to work well on a team, as well as manage multiple priorities in quick time frame

  • Strong organizational skills

  • Strong Microsoft Excel and PowerPoint Skills

Desired Skills:

  • Risk, Compliance, or Audit experience

  • Knowledge of Bank of America's businesses

  • Knowledge of Bank of America's systems

Posting Date : 12/21/2016

Location : US-NC-Charlotte

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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