Compliance and Operational Risk (C&OR) Specialist Human Resources Global Regulatory Change Management
Charlotte, North Carolina;Atlanta, Georgia; Phoenix, Arizona
**Job Description:**
The Compliance and Operational Risk (C&OR) Specialist is a member of the Global Human Resources (GHR) Compliance and Operational team providing independent compliance and operational risk oversight of Global Human Resources (GHR).
As a member of a global team providing risk oversight of an enterprise control function, the C&OR Specialist will have the opportunity for exposure to the various functions that enable GHR related processes for our global workforce, the programs that support the health and wellness of the banks employees, and other complex topics (such as Return to Office) that span the enterprise. Exposure to other risk topics can be expected as well, examples include conduct/people risk, fraud, third party, data management, privacy, and information security risk. There will be ample opportunity to engage with stakeholders and build foundational skills in risk identification and control evaluation, business and data analysis, critical thinking, communications, and presentations.
Responsibilities will include coverage and oversight of GHRs regulatory (i.e., legislation requirements) change management process and confirming adherence to changing regulatory requirements across the various regions in which the bank operates. There will be opportunity to provide risk oversight on functions such as the banks global compensation and benefits, payroll or talent acquisition programs and can evolve based on the C&OR Specialists skill set, experience, career objectives and business priorities.
The C&OR Specialist is accountable for assisting the C&OR Team in the proactive identification, escalation and timely mitigation of compliance and operational risks through the execution of the following:
Monitors the regulatory environment to identify and source regulatory (legislation) changes applicable to Human Resources and maintains a comprehensive regulatory inventory
Communicates and engages with impacted Risk Officers and GHR stakeholders to confirm that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
In addition, the specialist will
Contributes to risk coverage plan development, executes independent risk monitoring, testing, and risk assessments
Reviews and challenges the comprehensiveness of GHR Single Process Inventory (SPI) and GHR Risk & Control Self-Assessment (RCSA)
Assists in preparing materials for C&OR regulatory exams or audits and may assist with preparation for GHR regulatory exams or audits.
Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
Required Skills: Minimum Years Business & Functional Experience: 5 Years Functional Experience
Degree Required: Bachelors Degree
Required Skills:
Minimum Years of Business & Functional Experience: 3-5 Years in Risk, Audit, Human Resources, Business Controls or Process and Control Management
Experience working with laws, rules and/or regulatory requirements, employment and labor laws
Understands how laws, rules and regulations apply to businesses and their activities, and can translate those requirements to effectively execute risk management activities and oversight
Stakeholder and relationship management, verbal and written communication skills
Microsoft Word, Excel, SharePoint, PowerPoint
Desired Skills
Experience with Human Resources functions/programs
Experience in the following risk areas: people and conduct, operational and data management risk
Process Design or Project experience
Data analysis and executive presentations
Experience with Compliance and/or Operational Risk Programs
Experience with the banks internal Single Process Inventory (SPI)
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
The Compliance and Operational Risk (C&OR) Specialist is a member of the Global Human Resources (GHR) Compliance and Operational team providing independent compliance and operational risk oversight of Global Human Resources (GHR).
As a member of a global team providing risk oversight of an enterprise control function, the C&OR Specialist will have the opportunity for exposure to the various functions that enable GHR related processes for our global workforce, the programs that support the health and wellness of the banks employees, and other complex topics (such as Return to Office) that span the enterprise. Exposure to other risk topics can be expected as well, examples include conduct/people risk, fraud, third party, data management, privacy, and information security risk. There will be ample opportunity to engage with stakeholders and build foundational skills in risk identification and control evaluation, business and data analysis, critical thinking, communications, and presentations.
Responsibilities will include coverage and oversight of GHRs regulatory (i.e., legislation requirements) change management process and confirming adherence to changing regulatory requirements across the various regions in which the bank operates. There will be opportunity to provide risk oversight on functions such as the banks global compensation and benefits, payroll or talent acquisition programs and can evolve based on the C&OR Specialists skill set, experience, career objectives and business priorities.
The C&OR Specialist is accountable for assisting the C&OR Team in the proactive identification, escalation and timely mitigation of compliance and operational risks through the execution of the following:
Monitors the regulatory environment to identify and source regulatory (legislation) changes applicable to Human Resources and maintains a comprehensive regulatory inventory
Communicates and engages with impacted Risk Officers and GHR stakeholders to confirm that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
In addition, the specialist will
Contributes to risk coverage plan development, executes independent risk monitoring, testing, and risk assessments
Reviews and challenges the comprehensiveness of GHR Single Process Inventory (SPI) and GHR Risk & Control Self-Assessment (RCSA)
Assists in preparing materials for C&OR regulatory exams or audits and may assist with preparation for GHR regulatory exams or audits.
Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
Required Skills: Minimum Years Business & Functional Experience: 5 Years Functional Experience
Degree Required: Bachelors Degree
Required Skills:
Minimum Years of Business & Functional Experience: 3-5 Years in Risk, Audit, Human Resources, Business Controls or Process and Control Management
Experience working with laws, rules and/or regulatory requirements, employment and labor laws
Understands how laws, rules and regulations apply to businesses and their activities, and can translate those requirements to effectively execute risk management activities and oversight
Stakeholder and relationship management, verbal and written communication skills
Microsoft Word, Excel, SharePoint, PowerPoint
Desired Skills
Experience with Human Resources functions/programs
Experience in the following risk areas: people and conduct, operational and data management risk
Process Design or Project experience
Data analysis and executive presentations
Experience with Compliance and/or Operational Risk Programs
Experience with the banks internal Single Process Inventory (SPI)
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22080345
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Alexander Watkins
Referral Bonus:
0
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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