Compliance and Operational Risk Manager, Workplace Benefits
Pennington, Alabama, United States · Hybrid
$97k–$195k/yr
Senior$3.6B raised
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$143k–$190k/yr
Senior+$1.6B raised
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Jersey City, New Jersey, United States · On-site
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Compliance and Operational Risk Manager, Workplace Benefits
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$97k–$195k/yr
Full-time
bachelor degree
Paid time off, Financial wellness support, Competitive benefits, Discretionary incentive plan
Posted 10d ago
~40 hrs/week
Responsibilities
This role is responsible for executing second line of defense compliance and operational risk oversight for Workplace Benefits. The manager will assess risks, challenge processes, and ensure implementation of enterprise policies and regulatory requirements.
Requirements
Candidates must have a minimum of seven years of relevant experience in compliance, risk, or GWIM coverage areas. A bachelor's degree in a related field is desired, along with experience in financial services or regulated sectors.
Full job description
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Second line coverage will primarily focus on Workplace Benefits, which develops and maintains a diverse product offering of integrated Retirement and Benefit Plan solutions for institutional clients to assist in meeting the retirement or health savings goals and needs of their employees and/or plan participants. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
Required Qualifications:
Minimum of seven years of relevant experience in a compliance, risk related, or GWIM coverage area
May require regulatory examination/registration or certification, depending on jurisdiction and role
Desired Qualifications:
Bachelor’s Degree in a related field
Experience in financial services and/or a similarly regulated sector
Experience in product offerings associated with Fiduciary or ERISA requirements
May require regulatory examination/registration or certification, depending on jurisdiction and role
Preferred Skills:
Credible Challenge
Issues Management & Resolution
Process Management & Inventory
Regulatory Knowledge
Risk Identification & Assessment
Products, Services & Acumen - Global Wealth & Investment Management
Compliance Risk Principles
Conduct Risk Principles
Compliance & Operational Risk Program Management
Operational Risk Principles
Skills:
Advisory
Monitoring, Surveillance, and Testing
Regulatory Compliance
Reporting
Risk Management
Critical Thinking
Influence
Interpret Relevant Laws, Rules, and Regulations
Issue Management
Policies, Procedures, and Guidelines Management
Business Process Analysis
Decision Making
Negotiation
Process Management
Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$97,200.00 - $195,000.00 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.
Related keywords
ComplianceOperational RiskWorkplace BenefitsRisk ManagementRegulatory ComplianceFiduciaryERISAFinancial ServicesSecond Line of DefenseInternal AuditRisk AppetiteGovernanceProcess InventoryControl Self-AssessmentRegulatory EnvironmentIssue Resolution
Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.
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Offices: 100 North Tryon Street, Charlotte, NC 28202, US · 16001 Dallas Pkwy, Addison, TX 75001, US · 3123 N Scottsdale Rd, Scottsdale, AZ 85251, US · 135 S La Salle St, Chicago, IL 60603, US · 500 W 7th St, Fort Worth, TX 76102, US
How much do Security & Safety jobs in Jersey City, NJ pay?
Based on 187 listings with disclosed salaries, most security & safety jobs in Jersey City, NJ pay between $85k–$220k per year. Individual offers vary with seniority, company size, and specialization.
How many Security & Safety jobs are open in Jersey City, NJ right now?
There are currently 249 open security & safety positions in Jersey City, NJ listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Security & Safety roles in Jersey City, NJ?
Companies currently hiring include JPMorganChase, Bank of America, The Depository Trust & Clearing Corporation (DTCC), MUFG, Planned Companies, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Security & Safety jobs in Jersey City, NJ?
Yes — 96 of the 249 open security & safety positions offer remote or hybrid work (28 remote, 68 hybrid).
How do I apply for Security & Safety jobs in Jersey City, NJ?
Each listing links directly to the employer's application page. Apply early — fresh listings get the most recruiter attention in the first two weeks.