The C&OR Executive exercises judgment, influences and constructively challenges the FLU and CF leaders, provides timely advice regarding regulatory requirements and expectations, and evaluates the implementation of controls to effectively mitigate compliance and operational risk. Reveal email . Escalates compliance and operational risks and issue. Identifies, aggregates, reports, and escalates compliance and operational risks, issues and control enhancements. Degree Required: Bachelor's Degree; May require regulatoryexamination/registrationor certification depending on jurisdiction and role 0 + Ability to work collaboratively as part of a team, and also lead independently when required Requirements: Full time Executive. The firm promoted 86 people in global markets, research, and the COO office, up from last year. Check out the latest Bank of America Jobs. Member FDIC. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Candidate must be able to thrive in a fast-paced and high-pressure environment with the following responsibilities: 4.8. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Learn more about this role **Shift:** The C&OR Executive oversees the implementation and execution of the CORM Program requirements, including but not limited to the following activities: Total Compensation. Managing Director, Chief FICC Technical Strategist. Lowest rating: 2. * Must be able to work with technical teams and translate technical concepts to business audiences Must be comfortable and equipped to manage a major component of cyber security compliance and operational risk end to end Hours Per Week: Suggestion Lead Independent Director, Bank of America Corporation; Former SVP and Treasurer, PepsiCo, Inc. . To view the "EEO is the Law" Supplement, CLICK HERE. Provides consultation to business leaders in preparation for regulatory exams and audits. + Maintain LOB Mission and Strategy Documents, Volcker Committee and Volcker Control Forum materials/approvals in accordance with the Volcker Rule and the Bank's Record Retention Policy. **Job Band:** Oversees C&OR input into the FLU/CF annual learning plan which may include developing and delivering training content 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 and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. Able to make critical decisions based on comprehensive considerations and impact Desired Skills: $1.5 Billion Powerball Is Fun. The firm's new managing directors were notified last year toward the end of the fourth quarter, according to people familiar with the matter, but the company just announced the promotions internally Thursday for employees in global markets, research, and the chief operating office. To view the "EEO is the Law" poster, CLICK HERE. Ensures effective measurements of key risks are established and monitored in consideration of risk coverage plans, communicates related results to FLU/CF stakeholders, provides oversight of the remediation of out of tolerance results, and escalates as appropriate **Shift:** The C&OR Executive role remains current on local country laws, rules and regulations relevant to FLU or CF. Executes and/or provides oversight of governance and management routines. Online Privacy FAQs Alexander Watkins * Knowledge of machine learning algorithms, predictive modelling and statistical techniques * Supporting and serving as central point of contact for Business Controls Officers for various processes 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 and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. * Takes initiative and demonstrates focused desire to drive improvements versus relying on "status quo" * Monitor performance of specific "Risk and Control Programs" and related processes **Referral Bonus Amount:** The C&OR Executive oversees proactive engagement with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. * Knowledge of global markets risk and controls + Bachelor's Degree or equivalent work experience Talent Acquisition Contact: World's Best Bank for Payments and Treasury. Managing Director (Former Employee) - Chicago, IL - November 8, 2017. Owns and updates the relevant C&OR Policies, working with the relevant stakeholders to update regularly. NOW WATCH: What happens when you sleep in your contacts, Visit Business Insider's homepage for more stories. The company is adding five new members, including three women, to the senior management team, further strengthening diversity at . Sign up for notifications from Insider! Join to connect Bank of America . Salary information comes from 1 data point collected directly from employees, users, and past and present job advertisements on Indeed in the past 24 months. Required Skills: Provides guidance to the FLU on regulatory requirements. 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The Compliance and Operational Risk (C&OR) Executive is responsible for engaging 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 ("CORM") Program and Standard Operating Procedures (SOPs). The University of Edinburgh . New York, New York, United States. Euromoney, 2022. Report Report. $196k-306k yearly est. * Developing, producing, and distributing senior management reporting related to the program 40 + Executive presence and the ability to concisely communicate a point of view verbally and in writing across various layers of management. Can You Make a Music Scene Near the Arctic Circle? Aug 6, 2020 2 1. * Experience with electronic communications surveillance and monitoring is preferred Bank of America offers great learning opportunities and challenging jobs. Managing director is the highest rank at the company. SVP is more BOA and Director is ML. Inspects that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed. list is available use arrows keys to navigate. Manages People: No * Support multiple Central Business Controls horizontal "Risk and Control Programs" across GM in partnership with Program Manager The C&OR Executive exercises judgment, influences and constructively challenges the FLU and CF leaders, provides timely advice regarding regulatory requirements and expectations, and evaluates the implementation of controls to effectively mitigate compliance and operational risk. to secure data, analyze current processes/procedures, identify potential improvements, develop strategies to implement change, and oversee/manage implementation The average salary for a Managing Director is $161,740 per year in United States, which is 62% lower than the average Bank of America salary of $429,287 per year for this job. The C&OR Executive demonstrates business acumen and remains current regarding industry and regulatory trends, benchmarks and best practices in compliance and operational risk management for his/her area of responsibility. Managing Director Job in Charlotte, NC. * Excellent Excel, PowerPoint, Project and Program management skills The C&OR Executive oversees the implementation and execution of the CORM Program requirements, including but not limited to the following activities: **Weekly Schedule:** Travel: Yes, 5% of the time + 10+ years of experience in Compliance, Risk Management, Audit, Legal, a business control function, or a Global Wealth and Investment Management Front Line Unit Required Skills: The role ensures consistent quality of activities, processes and outputs by establishing effective review of practices across the team. The C&OR Executive demonstrates business acumen and remains current regarding industry and regulatory trends, benchmarks and best practices in compliance and operational risk management for his/her area of responsibility. Leverage your professional network, and get hired. Owns and updates the relevant C&OR Policies, working with the relevant stakeholders to update regularly. The role ensures consistent quality of activities, processes and outputs by establishing effective review of practices across the team. + Ability to build partnerships and effectively work across the Enterprise to complete responsibilities. annualized salary, offers to be determined based on experience, education and skill set. Back Submit. **Job Band:** Global Head of Fees & Commission Operations & Securities Trade Control. + Bachelor's Degree or equivalent work experience **Weekly Schedule:** Meet some of the people who work here and see how their journeys can inspire your career. **Shift:** This. Manager: 40 The C&OR Executive demonstrates business acumen and remains current regarding industry and regulatory trends, benchmarks and best practices in compliance and operational risk management for his/her area of responsibility. opt out of online behavioral advertising * Excellent verbal and written communication skills with ability to simplify complex information into messages targeted to various levels of leadership as well as accurately interpret communications from Business Controls Officers, Supervisors, GCOR, Audit, etc. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. New Bank Of America Managing Director jobs added daily. 0 Averages based on self-reported salaries. * Analyze, monitor, interpret, and report data related to "Risk and Control Programs" and leverage it to identify and drive resolution of potential issues or inefficiencies To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . Bank of America. The estimated total pay for a Managing Director at Bank of America is $429,287 per year. Accountable for risk coverage plans, oversees execution of independent risk monitoring, testing and risk assessments, communicates results and escalates when applicable **Job Description:** Compliance, Technology, Operations, Human Resources, etc.) 1st shift (United States of America) Please try our homepage, or visit: We strive to provide you with information about products and services you might find interesting and useful. 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. I had been working on a large n-tier Client / Server project i.e. The estimated additional pay is $220,776 per year. Manages People: No Relationship-based ads and online behavioral advertising help us do that. - Deep Understanding of Information Security and regulator interactions **Hours Per Week:** Band: H3 * Supporting multiple Business Controls related projects and processes simultaneously including electronic communications surveillance models H3 Descriptions: David Tyrie leads the transformation, integration and management of Bank of America's data and digital platforms, charged with providing each . **Benefits** These ads are based on your specific account relationships with us. Oversees changes in regulations for applicable area(s) of coverage, including advising business leaders on those changes, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed; maintains a comprehensive regulatory inventory Paul is head of FICC technical strategy research and a Managing . Desired Skills: of the U.S. Fortune 1,000; and 74% of the Global Fortune 500 served by Global Banking businesses. + Executive presence and the ability to concisely communicate a point of view verbally and in writing across various layers of management. * Maintain LOB Mission and Strategy Documents, Volcker Committee and Volcker Control Forum materials/approvals in accordance with the Volcker Rule and the Bank's Record Retention Policy. Listen to The Refresh, Insider's real-time news show. Stay up to date with what you want to know. + Ability to work collaboratively as part of a team, and also lead independently when required Seeking experienced attorney for Bank of America's residential mortgage business serving the Global Wealth & Investment Management division, which is comprised of the Bank of America Private Bank and Merrill Lynch Wealth Management businesses. **Weekly Schedule:** Credit Suisse to Extend Global Job Cuts to Wealth Next Week, The UK Car Market Is Heading for Its Worst Sales Year Since 1982, Global Food Prices Hold at Nine-Month Low, Easing Strain on Households, German Factory Orders Accelerate Drop as Recession Looms, UK Job Shortages Continue With Jump in Demand forChildcare, Rolex Raises Prices in Europe for Second Time This Year, EMEA Earnings to Watch:Ryanair, Bayer, AstraZeneca, Richemont, Adanis Flagship Firm Set for Record High After 117% Profit Jump, Apple Adds New IPhone 14 Maker in India in Shift From China, Tiger Global Joins China Exodus as Market Swings Turn Extreme, Museum Staff Face Discipline After Breaking Chinese Treasures, US-China Friction Gives Kim Jong Un the Freedom to Fire Away, Adidas Dropped Ye, But Sneakerheads Havent, Billionaire Tax Exile Gets Cold Shoulder in His German Hometown, The Best Bars for Watching the FIFA World Cup in New York City, Offseason Moves By Eagles GM Howie Roseman Set Up 8-0 Start, Ohio's Globalized Economy Belies ItsAmerica First Politics. 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