Compliance & Operational Risk Specialist u2013 Data Risk Management



Paris, France



**Job Description:**



**Job Title:** Compliance & Operational Risk Specialist u2013 Data Risk Management



**Corporate Title:** Vice President



**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. 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. Weu2019re 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!



**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.



**The Team:**



Join a growing, developing and international team with very good working spirit. Our Paris based team has interactions with the Banku2019s 3 lines of Defence teams and work closely with other Paris based teammates and as well with other teams across the world. In this role you will get exposure to the Senior Business Executive Team and C&OR (Compliance and Operational Risk) Management. There are various opportunities of learning & development thanks to a large scope covered by the function.



**Role Description:**



We are seeking an experienced and detail-oriented professional to join our 2nd line of defence Compliance and Operational Risk (COR) team. This role is focussed on enhancing our 2nd line of defence risk oversight coverage with an emphasis on data risk management including BCBS 239 requirements, risk data aggregation and effective data architecture and data management. The successful candidate will join a strong team, ensuring robust data risk controls, collaborating across enterprise and regional legal entity front line units/control functions focussing on data risk governance and regulatory compliance.



**Responsibilities:**



Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively u201cthe Policiesu201d), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.


Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.
Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments
Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed
Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements
Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance
Review data architecture and governance structures against regulatory standards
Conduct independent assessment of Data Management governance structures and controls
Provide expert guidance to front line units/control functions on data risk compliance requirements
Prepare comprehensive compliance reports for senior management and regulatory bodies
Identify compliance gaps related to data risk and recommend remediation actions
Challenge first line activities and ensure proper controls are in place
Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation
Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements
Assists in remediating COR u201cownedu201d issues and control enhancements
Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)
Assists with the development of risk metrics, monitors related performance and breach remediation
Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries



**What we are looking for:**


Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments
Experience in a 2nd line function
Excellent understanding of BCBS 239 principles and compliance assessment methodology
Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management
Experience in evaluating risk data aggregation and reporting processes
Strong understanding of data architecture principles, data lineage and data management best practices
Proven analytical skills with ability to assess complex data structures and identify compliance issues
Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders
Logical thinker with excellent technical skills
A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues
Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment
Intellectual curiosity u2013 approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.



**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 (u2018CETu2019) 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. Itu2019s 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants 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 (u201cPolicyu201d) 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 Americau2019s 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 Banku2019s 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.