Merrill Lynch Job Openings – Compliance and Operational Risk Specialist

Job Description:

The Compliance and Operational Risk (“C&OR”) Specialist assists the C&OR officer team in activities to contribute to the independent compliance and operational risk oversight of Front Line Unit or Control Function (“FLU/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 (“CORM”) Program and Standard Operating Procedures (SOPs).

Job Responsibilities:

• Identify, aggregate, report and escalate compliance and operational risks, issues and control enhancements for FLU/CF.
  Create and maintain a regulatory inventory.
• This role will support compliance and operational risk for GWIM Banking business transformation projects, including assisting in the development and execution of 2nd line testing, monitoring and assessments.
• Escalate regulatory relations concerns to Compliance and Operational Risk Manager or Executive.
• Identify compliance and operational risk training needs and inspect FLU/CF and third party participation for FLU/CF.
• Assist with preparations for regulatory exams and audits for FLU/CF.
• Contribute to monitoring and testing coverage plans and related metrics.
• Identify, review and document relevant external loss events.
• Assist in the execution of governance and management routines.
• Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed for FLU/CF.
• Support group’s work to review and challenge the FLU/CFs’ Risk & Control Self-Assessments (RCSA)
• Conduct compliance and operational risk assessments.
  Update relevant policies to ensure they reflect regulatory requirements for FLU/CF.
• Conduct monitoring and testing activities to check the effectiveness of the front line unit and control function compliance and operational risk controls.
• Identify, collect, validate and record internal loss events and “near misses.” Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.

Job Requirements:

• Ability to analyze business processes, assess risks, identify control gaps and weaknesses
• Ability to build partnerships and effectively work across the Enterprise to complete responsibilities
• Experience working with laws, rules and/or regulatory requirements, particularly within the banking space

Qualification & Experience:

• Strong presence and ability to concisely communicate a point of view verbally and in writing.
• Degree Required: Bachelor’s Degree or equivalent experience
• 3+ years experience in compliance, operational risk, audit, legal, business controls and/or product management
• Ability to manage multiple priorities and deliverables.
• Experience working in Retail Financial Services or similarly regulated sector
• Ability to work collaboratively as part of a team and also function independently when required

Job Details:

Company: Merrill Lynch

Vacancy Type:  Full Time

Job Location: Charlotte, North Carolina, US

Application Deadline: N/A

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