Risk Management Exec I
Company: Disability Solutions
Location: Charlotte
Posted on: September 28, 2024
Job Description:
Job Description:Job DescriptionAt 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!The Risk Management Executive will be a key
leader within the Enterprise Issues Management Function, which
resides within Global Risk Management. The Risk Management
Executive will be responsible for leading a team accountable for
the execution of quality assurance/quality control of enterprise
issues and control enhancements and will ensure that issue owners
throughout the enterprise are meeting policy requirements to
identify issues and remediate timely and sustainably. This
Executive will contribute to the strategic design of quality
assurance/quality control activities and managing the execution
throughout the issue lifecycle.Responsibilities:
- Participates in establishing risk management procedures and
standards.
- Ensures adherence to the policies and procedures established by
the company.
- Overseeing and directing the independent execution of QA/QC
activities across all internal issues and control
enhancements.
- Drives operational excellence across internal activities.
- Works with Enterprise Issues Program Executive to influence
change to policies, standards, processes, procedures, and guidance,
based upon QA/QC observations.
- Revise, create (as needed) and maintain templates and other
documentation that achieve greater consistency for all in-scope,
in-line QA activities.
- Provide effective challenge to issue owners or GRM executives
regarding issue identification, remediation planning, execution,
and evidence packaging to ensure they are robust and address issue
in question.
- Communicate QA findings to issue owners, Internal Audit, and
other enterprise leaders, as applicable, and provide
recommendations/escalation of broad themes and trends accordingly
based on QA findings.Managerial Responsibilities:
- This position may also have responsibilities for managing
associates. At Bank of America, all managers at this level
demonstrate the following responsibilities, in addition to those
specific to the role, listed above.
- Diversity & Inclusion Champion: Breaks down barriers to create
a more inclusive environment that supports company D&I
goals.
- Manager of Process & Data: Challenges end-to-end process
efficiency and effectiveness, champion data driven decision-making
and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise
strategy and influence messaging to connect team contributions to
business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance
and culture to ensure the timely identification, escalation, debate
and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates
organizational performance while differentiating to ensure pay for
performance.
- Financial Steward: Efficiently allocates and manages resources
across the organization to drive short and long term
profitability.
- Enterprise Talent Leader: Inspects and manages the health of
the bench to ensure succession for the organization, while
supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources
to deliver the full range of the bank's capabilities to meet client
needs and to gain competitive advantage.Required Qualifications:
- 10+ years of experience in financial services industry or
experience in a related field
- Demonstrated ability to engage and communicate at the executive
level, establish, and maintain collaborative partnerships and
provide thought leadership to strategic decisions.
- Critical thinker with the ability to influence senior leaders
across GRM and partners, including to challenge the status quo,
produce appropriate changes and implement goals.
- Significant business knowledge of risk management and
regulatory interactions.
- Strong analytical and organizational skills; focus on attention
to detail.
- Excellent written and verbal communication skills.
- Strong horizontal leadership skills across peers as well as
vertical leadership in a matrixed environment; an individual who
can lead a diverse associate population, inspire a strong sense of
camaraderie and accountability, and motivate continuous
improvements to performance. Able to attract, retain and develop
top talent, strong coach.
- Effectively packages and communicates complex content and
information.
- Can effectively navigate and deliver results in highly matrixed
environment within Global Risk and beyond.Skills:
- Critical Thinking
- Decision Making
- Industry/Organizational Acumen
- Executive Presence
- Talent Development
- Issue Management
- Oral Communications
- Performance Management
- Written Communications
- Analytical Thinking
- Change Management
- Fiscal Responsibility
- Presentation SkillsShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and
benefits informationPay range$165,000.00 - $290,000.00 annualized
salary, offers to be determined based on experience, education and
skill set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, Charlotte , Risk Management Exec I, Executive , Charlotte, North Carolina
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