Country Compliance And Operational Risk (C&Or) Milano

Country Compliance And Operational Risk (C&Or)
Milano
Lombardia, Milano

Job Title**: Country Compliance and Operational Risk (C&OR) Officer

**Corporate Title**:AVP

**Location**: Milan

**Role Description**:

- Conduct compliance and operational risk assessments in the country and contribute to the risk assessment for the region, incorporating review of external loss events to assess control effectiveness.

- Country Compliance and operational risk reporting, identifying and aggregating compliance and operational risks/issues for the country.

- Contribute to the analysis of internal and external loss events and "near misses".

- Participating in creation of compliance and operational risk training coverage plans to address local needs and deliver C&OR training

- Compliance and operational risk monitoring and testing as applicable

- Evaluation of internal audit results, regulator identified issues, monitoring & testing ("M&T") results and advising on remediation required in country.

- Ensuring Compliance and Operational Risk "owned" issues (i. e. , Internal Audit, Regulator and Self-Identified issues) are addressed appropriately and timely.

- Execute governance and management routines.

- Oversight of changes in local and regional regulation, including advising on those changes and directing the appropriate areas to implement or amend policies and procedures/processes to address change in regulations.

- Policy management: Part of the global review process and responsible for local procedures in GPS.

- Partnering with all LOBs and control Functions in country.

- Escalation of any key issues to the appropriate level of management.

- Supporting Enterprise Compliance, EACs, Control Functions and other support functions including: Client Services, Fulfilment and client on-boarding teams, AIM, Information Wall and Wall Crossing, Equity Aggregation disclosures, Foreign Corrupt Practices Act / UK Bribery Act or Conflicts Management

**The Team**:

- Bank of America is committed to diversity and inclusion.

We support staff to bring their whole self to work.

- Team members have shown great support for initiatives relating to volunteer activities as well as on diversity and inclusion.

- The Bank has a great offering of online as well as person-lead training courses and staff are encouraged to continue to develop their careers throughout.

- The EU C&OR team has a mixed tenure with the Bank, which provides for good legacy knowledge and good exchange of ideas.

We are proud of the high commitment to excellence and the culture of compliance.

The team members are good advisors to the business and assist in steering consistent good results.

**Core Skills**:

- Educated to degree level or University Graduate, a legal background is helpful but not required.

- Knowledge of the Italian banking and financial regulatory landscape including Italian Legislative Decree 231/2001

- 3+ years of relevant work experience in the compliance area of banks or consultancy firms with financial services focus risk area

- Excellent organisational skills and attention to detail

- Ability to navigate in matrix organizations

- Good communication skills, strong analytical skills

- Ability to prioritize multiple tasks and work schedule in advance to meet tight deadlines

- Team player and ability to establish and maintain excellent working relationships with central and business aligned functions across the region

- Fluent in both Italian and English

**Bank of America**:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team.

A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank.

We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work.

Learn more about our benefits here.

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.

**Job Band**:

H5**Shift**:

**Hours Per Week**:

37. 5**Weekly Schedule**:

**Referral Bonus Amount**:

0