Senior country compliance and operational risk manager

Job Title

Senior Country Compliance and Operational Risk Manager

Corporate Title

Up to Director

Location

Zurich

Responsibilities

• Leads the execution of the Global Compliance and Operational Risk (GCOR) Program in Switzerland, delivering each element on time and to the required standard, including the effective review and challenge of FLU’s and CF’s.
• Provides independent country Compliance and Operational Risk (COR) reporting and timely escalation to GCOR senior leaders, country and regional management, and legal entity management via established governance and management routines.
• Understands and maintains knowledge of Swiss regulatory compliance obligations and operational risk impacting the Switzerland‑based branch and broader BofA business initiatives in country.
• In conjunction with Global Regulatory Relations, manages regulatory inquiries and exams in the respective country, participating in meetings between business leaders and regulators and supporting responses to regulatory inquiries on COR functions.
• Ensures maintenance of a comprehensive regulatory inventory for Switzerland, including identification and assessment of law, rule and regulation changes affecting activities in the country, advising business leaders of relevant changes, directing appropriate actions by impacted COR teams, and reviewing and challenging the overall implementation plan to meet new requirements.
• Ensures Compliance and Operational Risk “owned” issues (i.e., Internal Audit, Regulator, and Self‑Identified issues) are addressed appropriately and in accordance with applicable deadlines.
• Proactively engages with other C&O R officers, including horizontal coverage owners and Enterprise Areas of Coverage to support in providing comprehensive oversight of the business’ respective operations and activities.
• Reviews and challenges business processes, new products, risk identification, control inventory and Risk & Control Self Assessments.
• Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls.

Qualifications

• Bachelor’s degree.
• Law degree (Master or equivalent) is highly recommended.
• Several years of relevant experience at a similar global financial institution, legal or compliance department, law firm or professional services/consulting firm.
• Must be fluent in German and English; additional European language skills would be a plus.
• Deep knowledge of the Switzerland regulatory landscape, especially in an institutional/corporate banking context.
• Deep understanding of compliance and risk management frameworks in the European Union, including risk management best practices and operating structures in global banks.
• Knowledge and experience on the business activities conducted in Switzerland including corporate & investment banking and financial markets would be desirable.
• Skills that will help: regulatory compliance risk management experience; interpret relevant laws, rules, and regulations; written communications; critical thinking; influence; relationship building; attention to detail; issue management; active listening; policies, procedures, and guidelines; decision making and judgment; negotiation; process management.

Equal Employment Opportunity Statement

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio‑economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.