Climate Compliance and Operational Risk Manager

　　Charlotte, North Carolina;Dallas, Texas; Chicago, Illinois; Pennington, New Jersey

　　Job Description:

　　This role is responsible for the execution of the elements of the compliance and operational risk program related to climate change and the environment, including identifying, escalating, and mitigating risks, as well as serving as a subject matter expert on specific processes, controls, laws, rules and/or regulations related to climate change and the environment that have enterprise-wide applicability. The role engages with FLU/CF leaders globally, coordinating with other Global Risk Management (GRM) teams to independently advise those leaders on effectively managing the risks related to their area of coverage. The role includes identifying themes and trends, conducting analysis for new and emerging risks and recommending approaches to mitigate these risks.

　　The candidate will be part of the Climate and Environmental Risk team and provide independent oversight to ensure that the operational and compliance risks of climate change are well understood and appropriately managed.

　　Activities this role performs for their area of coverage include, but are not limited to:

　　• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory

　　• Identifies regulatory training needs and provides subject matter expertise to support the development of training

　　• Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements

　　• Contributes to or leads development of risk coverage plans, executes and / or oversees execution of monitoring, testing and risk assessments, and communicates results

　　• Reviews and challenges the FLU/CF single process inventory and analyzes internal and external operational losses to identify and document themes, trends, risks and controls.

　　• Participates in Scenario Analysis activities for coverage areas and challenges as appropriate

　　• Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

　　Required Skills:

　　• 7+ years of experience in financial services industry or experience in a related field

　　• Bachelor's degree or equivalent work experience

　　• Attention to detail, strong written and verbal communication skills

　　• Ability to communicate to senior level management, including delivering difficult messages

　　• Intellectual curiosity

　　• Understanding of the connections between processes, risks, controls and metrics in managing operational risk

　　Desired Skills:

　　Excellent Excel and PowerPoint Skills

　　Project management skills

　　Knowledge of climate change topics

　　Experience with banking regulators and regulatory change

　　Experience in a financial services operational risk or business controls team

　　Shift:

　　1st shift (United States of America)

　　Hours Per Week:

　　40

　　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. 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.

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　　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.

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