Brazil Job Openings

Bank of America

Compliance & Operational Risk Specialist – Laws, Rules & Regulations – Research and GCIB Coverage

São Paulo

FULL TIME

September 20, 2024

Job Description:
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!

Job Description:
This job is responsible for executing the GCOR framework, with focus on COR coverage of Research and GCIB areas. Also, this position

Is support the development and maintenance of the Regulatory Change and Regulatory Inventory processes, developing GCOR Policies, producing the Risk Assessments and providing support for the interactions with Regulators.

Responsibilities:

  • Responsible for the COR coverage of Research and GCIB areas.
  • Oversight of changes in local regulations, including advising the Brazil COR team on those changes and directing the appropriate areas to implement or amend policies, procedures/processes to address change in regulations.
  • Support the Brazil COR team on the interpretation of laws, rules and regulations.
  • Support the Brazil COR team during the identification, escalation and timely mitigation of compliance risks in the country;
  • Support the Brazil COR compliance risk assessments performed in the country and contributing to the risk assessment for the region;
  • Support the Brazil COR compliance reporting, identifying and aggregating compliance risks/issues for the country;
  • Centralize the evaluation of internal audit results, regulator identified issues and advising on remediation required in country;
  • Contribute to the development of compliance monitoring & testing plans and policies and procedures;
  • Ensure Compliance “owned” issues (i.e., Internal Audit, Regulator and Self-Identified issues) are addressed appropriately and timely;
  • Create compliance training coverage plans to address local regulatory needs.

Skills:
  • Minimum of 5-10 years of prior experience within Compliance and/or Legal or other correlated areas of Financial Institutions in Brazil more focused on the regulatory framework and interactions with regulators;
  • Bachelor degree in Law or other correlated area is desirable;
  • Ability to manage concurrent activities;
  • Ability to work in a very detailed and efficient manner and conduct a risk/reward analysis;
  • Ability to effectively build relationships with business partners and local stakeholders;
  • Effective oral and written communication skills;
  • Fluency in Portuguese and English required.
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