Indirect Coverage Area Compliance and Operational Risk Manager

At Bank of America, we are dedicated to maintaining the highest standards of compliance and risk management. As the Indirect Coverage Area Compliance and Operational Risk Manager, you will play a crucial role in ensuring that our operations in indirect coverage areas remain compliant with all applicable laws and regulations. We are seeking a highly skilled and experienced individual who is passionate about risk management and has a strong understanding of compliance practices. If you are a motivated and detail-oriented professional with a proven track record in risk management, we invite you to apply for this exciting opportunity to be a part of our dynamic team.

1. Develop and implement compliance and risk management strategies for indirect coverage areas.
2. Monitor and assess the compliance and operational risk landscape for indirect coverage areas.
3. Conduct regular audits and reviews to ensure compliance with all relevant laws and regulations.
4. Identify and evaluate potential compliance and operational risks in indirect coverage areas and make recommendations for mitigation.
5. Collaborate with various departments and teams to ensure alignment with company policies and procedures.
6. Provide guidance and training to employees on compliance and risk management best practices in indirect coverage areas.
7. Maintain and update policies and procedures related to compliance and risk management in indirect coverage areas.
8. Stay updated on industry trends and regulatory changes to ensure the company's compliance practices remain current.
9. Develop and maintain relationships with regulators and external auditors to facilitate smooth compliance processes.
10. Conduct investigations and root cause analysis for any compliance or risk management issues in indirect coverage areas.
11. Create and deliver reports to senior management on the overall compliance and risk management status of indirect coverage areas.
12. Develop and implement corrective action plans to address any identified compliance or risk management gaps.
13. Drive a culture of compliance and risk awareness throughout the organization.
14. Lead and mentor a team of compliance and risk management professionals in indirect coverage areas.
15. Communicate and collaborate effectively with stakeholders to ensure a high level of compliance and risk management awareness and understanding.

According to JobzMall, the average salary range for a Indirect Coverage Area Compliance and Operational Risk Manager in Charlotte, NC, USA is $90,000-$120,000 per year. This may vary depending on the specific company, experience level, and other factors such as bonuses and benefits.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.