EAC Compliance and Operational Risk Manager

Job description

Job Description: Job Title: EAC Compliance and Operational Risk Manager Corporate Title: Vice President Location: London 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. 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! Location Overview: Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre. Role Description: The EMEA Risk Officer – Conflicts of Interest provides independent second line oversight to ensure the firm meets evolving regulatory expectations across the EMEA region. The role supports regulatory compliance and risk governance under heightened scrutiny from regulators such as the ECB (via Joint Supervisory Teams), the PRA, and other national competent authorities. This position is critical to maintaining strong second line oversight across the EMEA legal entities. Responsibilities Provide independent second line risk coverage related to conflicts of interest across EMEA. Monitor and interpret EMEA regulatory requirements and supervisory expectations. Review and challenge LOB, control function, risk assessments, control design, and remediation plans. Identify, escalate, and track material risks, themes, and residual risk concerns across legal entities. Support regulatory exams and regulatory issue remediation, including review and challenge. Engage with local legal entity leadership to support informed risk decisions. Participating in EMEA and international governance forums Required Qualifications Knowledge of the Compliance and Operational Risk program Analytical and critical thinking skills to identify conflict of interest concepts. Experience supporting EMEA legal entities within large, complex financial institutions. Experience coordinating across multiple countries or legal entities with differing regulatory expectations. Communication & Leadership Skills Excellent written and verbal communication skills, with the ability to clearly articulate complex regulatory and risk concepts Ability to prepare high quality materials for senior management and regulatory audiences. Strong interpersonal skills with the ability to build trusted relationships across first and second lines. Sound professional judgment, integrity, and the confidence to provide constructive challenge. Skills That Will Help Enterprise and Global Risk Management Benefits of working at Bank of America (UK): At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work. Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner. Competitive pension plan, life assurance, and group income protection cover if you become unable to work because of a disability or health reasons. We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a well-being account, travel insurance, critical illness, cycle to work etc. Use of a flex fund to use towards benefits Access to an emotional wellbeing helpline, and virtual GP services Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood. Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area. 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, 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.