Compliance & Operational Risk Manager - Global Corporate and Investment Banking Paris, France **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-emea/job/Paris/Compliance---Operational-Risk-Manager---Global-Corporate-and-Investment-Banking\_25029566-2) **Job Description:** **Job Title:** Compliance and Operational Risk Manager - Global Corporate and Investment Banking **Corporate Title:** Director **Location:** Paris **Company Overview:** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Location Overview:** Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport. **Role Overview:** An opportunity has arisen in our Paris office for a forward-thinking professional to lead our second line of defence Compliance and Operational Risk coverage of Global Corporate and Investment Banking for Bank of America Europe DAC (‘BofA Europe’). You will execute on the firm’s Global Compliance and Operational Risk (‘GCOR’) programme specialising in the day-to-day Compliance coverage of Private Side businesses. This role is responsible for executing second line of defence compliance and operational risk oversight for the Front Line Unit. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy, the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented appropriately, and identifying, challenging, escalating, and mitigating risks in a timely manner. **Responsibilities:** + Provide ongoing Compliance and Operational Risk coverage for the Private Side businesses in BofA Europe with principal focus being the Global Corporate & Investment Banking (‘GCIB’) business in the entity and more broadly across EMEA. Provide additional support to other EMEA GCIB coverage areas as required. + Provide dedicated, timely guidance on the relevant Laws, Rules and Regulations (‘LRR’) applicable to the entity and its businesses including risk and impact assessments on new product initiatives, specific transactions, ad hoc queries, routine risk assessment processes such as the RCSA etc. + Be proficient in assessing risks, associated controls and their effectiveness, while driving compliance with applicable LRRs and regulatory guidelines, adhering to policies, and developing reporting and documentation. + Engage in activities to provide support to the GCOR function to provide independent 2nd line oversight of Front Line Unit ownership and management of Compliance and Operational risks in alignment with the Compliance and Operational Risk Management Program and Standard Operating Procedures. + Monitor the regulatory environment to identify regulatory changes applicable to area(s) of coverage, and execute Targeted Assessments aligned to relevant themes or trends. + Ensure that Monitoring & Testing is conducted in line with GCOR programme requirements and on a timely basis with appropriate escalation and resolution of any issues or matters arising. + Assist in identifying and escalating control deficiencies or issues that arise and drive actions to address the root causes that lead to compliance or operational risk issues and/or losses. + Assist in the development of independent risk management reporting for respective area(s) of coverage as input into management routines. + As a member of the BofA Europe – Paris Branch Local Management Team (LMT) be accountable for reporting on and escalating Paris Branch Compliance & Op Risk matters + Build effective working relationships with colleagues including Regional LoB Compliance & Operational Risk, EU Country Compliance & Operational Risk, GFCC, the Control Room, other Lines of Business, and across regions + Assist in responding to regulatory inquiries as well as other audits and examinations. + Review and challenge relevant processes and risks, including those defined in Single Process Inventory (SPI). **What we are looking for:** + A versatile, confident individual with significant, relevant work experience in a similar GCIB compliance and/or operational risk role, with a detailed understanding of institutional private side business and banking products + Confident written and verbal communication skills + Ability to engage and communicate confidently and professionally with the business, as well as other internal and external stakeholders + Knowledge of regulatory frameworks relevant to an EU authorised Credit Institution. + Ability to interpret relevant laws, rules, regulations and guidelines and draft/implement related policies and procedures. **Benefits of working at Bank of America:** **France** + Competitive retirement plan in addition to State plans + Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family. + Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers + Life and disability insurance + Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later + Reimbursement of 50% of your commuter pass + Nursery scheme for children under age 3 + Works council benefits + Access to an Employee Assistance Programme for confidential support and help for everyday matters + Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities + Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris **Bank of America:** Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender/sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, responsibility for dependants, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.