Global Compliance & Operational Risk Full-Time Analyst Program (Rolling Intake)

About Bank of America

Bank of America, among the world's largest financial institutions, serves a diverse clientele with a full range of banking, investment, and risk management services. With approximately 56 million U.S. consumer and small business relationships, the company is a global leader in wealth management and corporate banking. Its broad offerings and extensive reach position Bank of America as a significant player in the global financial landscape.

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Your role

The Compliance & Operational Risk (COR) team is at the core of Bank of America’s cultural values and a key component of the risk management discipline. The COR team mitigates against Compliance risk - the risk of legal or regulatory sanctions, material financial loss or damage to the reputation of the company arising from the failure of the company to comply with the requirements of jurisdictional laws, rules, regulations (LRRs); and Operational risk - the risk of loss resulting from inadequate or failed internal processes, people and systems, or external events. Bank of America’s COR Program is the comprehensive set of systematic practices instituted by the company to ensure that applicable LRR requirements are being met and operational risk is being appropriately managed.

The COR team performs three primary roles:

1. Being trusted partners to the front line, helping interpret written laws, rules and regulations (LRR) and regulatory expectations
2. Performing the check and challenge on the front-line practices and processes to ensure the Bank is fully compliant at all times
3. Responding to regulatory or audit requests.

The COR team is critical since it helps front-line staff perform their role of generating business through a much wider lens that encompasses Bank of America’s risk appetite, leverages global best practices and focuses on responsible growth while doing it independently from the front lines. They are the second pair of eyes in sharing the core responsibility of mitigating regulatory, reputational, and other risks.

What you’ll do

• Work with and learn from the Country COR team on matters and regulatory issues.
• Work with and learn from one or more Front Line Unit (FLU) Compliance teams for example, Research/Corporate Banking and Advisory, Global Markets, and Payment Services on matters specific to these line/s of business, not only from a country perspective but also from an Asia Pacific point of view.
• Work with and learn from one or more Enterprise Compliance teams for example, Third Party Compliance, Financial Crimes etc on matters that are relevant to the whole Enterprise, cutting across lines of business both regionally, and in some instances, globally.
• You will conduct data analysis, project management, policy analysis and research in an effort to build a strong GCOR holistic foundation & understanding. As part of this role, there will be constant engagement with multiple parties across Bank of America, including front-line leaders, regulators, legal, control functions etc.

Training, development & rotation

As a full-time analyst, you will begin your career at Bank of America with an extensive training program. The program is a combination of classroom instruction, e-learning modules, case studies, and presentations. Throughout the program, you will have ample opportunities to work closely with professionals and peers throughout the organization. This is a great opportunity to build a network of colleagues from across the company who will prove to be a tremendous resource to you throughout your career.

This is a two-year rotational program within the COR function, involving Country, Line-of-Business, and Enterprise teams. Upon completion of the program, you will be placed into one of these teams on a permanent basis. The aim of this program is to provide a solid understanding of the core roles and responsibilities within the Global Risk Management function while developing a broad range of skills applicable to COR.

Benefits

Bank of America is committed to supporting their teammates’ and families’ well-being by offering flexible and competitive benefits including:

• Life Event Services
• Industry-Leading Sabbatical Program
• Health, insurance and wellness benefits
• Parental leave
• Training for managers, plus a global expansion of training for global teammates
• Unlimited, confidential, free 24/7 phone access to specialists for counselling
• No-cost mindfulness apps
• Competitive compensation
• Financial benefits focused on driving better behaviours across life priorities and the financial spectrum
• Retirement benefits

Career progression

Bank of America prioritizes employee development and growth through leadership-supported programs and ongoing, meaningful performance reviews. The company promotes personalized skill development with access to diverse education options, allowing individuals to align with organizational culture and values while fulfilling objectives. Opportunities for growth at Bank of America are facilitated through leadership models, mentor programs, and inclusive support, empowering individuals to make informed career decisions and succeed at various levels within the organization.

Work-life balance

Bank of America prioritizes work-life balance by fostering personal connections among employees through clubs, networks, and various activities, contributing to a strong and inclusive workplace. The support for arts and cultural organizations grants employees premium access to museums and cultural events globally, promoting community engagement. Additionally, initiatives like Get Active! inspire employees to pursue a healthier lifestyle through team-based physical activity challenges, reinforcing a culture that values well-being and camaraderie.

Company culture

Bank of America is driven by a shared commitment to improving financial lives through meaningful connections. The company emphasises responsible growth, prioritizing its global workforce's well-being through diversity, inclusivity, and competitive benefits supporting physical, emotional, and financial health. They foster a collaborative environment and offer flexible work arrangements, providing career opportunities for individuals seeking personal and professional growth.

About you

What Bank of America is looking for:

• Final year Undergraduate/Master’s students with outstanding academic achievement
• Major in Compliance or a related field (e.g. Law, Business, Technology) is preferred, but students from other streams with a solid understanding of or keen interest in the financial industry are welcome to apply
• Strong and effective verbal and written communication in English. Proficient with technology and systems
• Being comfortable with change and adjusting to dynamically changing demands and requirements
• Strong team player and client-focused, clearly demonstrating energy and drive, keenness to dig deep into the subject matter, and ability to learn quickly including self-research

Source

The following sources were used in researching this page:

• careers.bankofamerica.com/en-us/benefits/career-growth
• careers.bankofamerica.com/en-us/benefits/part-of-the-package
• about.bankofamerica.com/en/working-here/employee-benefits
• careers.bankofamerica.com/en-us/culture/shared-interests