Compliance & Operational Risk Manager – Private Bank

Bank of America

. Provide front-line oversight of Bank of America Private Bank Fiduciary Investment Management areas .

Posted 9/17/2026full-timePennington • New Jersey • United StatesSeniorLead💰 $97,200 - $230,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive experience in compliance and operational risk management within the financial services sector, particularly in wealth management and private banking. Proficient in analyzing regulatory requirements and providing independent oversight to ensure adherence to laws and regulations.

Highest-signal resume keywords

Wealth Management ExperienceRegulatory Compliance KnowledgeRisk Management ReportingCommunication SkillsProcess Assessment

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Reg 9 ComplianceSEC RegulationsFINRA KnowledgeOperational Risk OversightPerformance ReportingAsset Allocation MonitoringRisk Appetite ManagementRisk-and-Control Self-AssessmentGovernance ReportingRegulatory Change Monitoring

Soft Skills

Excellent CommunicationAbility to Work Under Pressure

Tools & Technologies

Bank of America SystemsPlatform Integration

Industry Keywords

Private BankingBroker-DealerAsset ManagementFinancial ServicesRegulated Sector

About the role

Key responsibilities & impact

Provide front-line oversight of Bank of America Private Bank Fiduciary Investment Management areas
Execute second-line compliance and operational risk oversight for the Private Bank Fiduciary Investment Management business area
Provide independent and aggregate views of compliance and operational risk related to Reg 9, Investment Policy Statements, performance reporting, asset allocation monitoring, and SEC Marketing Rule collateral reviews
Collaborate with stakeholders across Bank of America, CIO and ISG lines of business within Merrill Lynch, and control partners
Assess FLU processes and controls for compliance with laws, rules, and regulations
Respond to regulatory inquiries, audits, and examinations
Provide independent oversight of FLU/Control Function performance and third-party/vendor relationships
Identify and escalate issues and drive root-cause remediation
Manage inventories of processes, risks, controls, metrics, risk appetite, and limits
Develop independent risk management reporting for governance and management routines
Analyze and interpret laws, rules, and regulations to advise stakeholders and manage risks
Review and challenge process, risk, inventory, and risk-and-control self-assessment themes and trends
Monitor regulatory changes applicable to areas of coverage
Participate in governance and risk management committees and report independently to senior management

Requirements

What you’ll need

Minimum seven years' experience in wealth management related experience, preferably private banking, broker-dealer, or asset management, or experience supporting similar FLUs from a 2nd line risk or business controls perspective
Working knowledge of relevant laws, rules, and regulations, including Reg 9, SEC, Reg W, and FINRA
Bachelor’s Degree or comparable experience
Experience in financial services and/or a similarly regulated sector
Technical understanding or familiarity with Bank of America systems and platform integration
Ability to navigate the Bank of America organization to identify subject matter experts and governance requirements
Excellent communication skills and ability to communicate complex ideas clearly, directly, concisely, and simply
Ability to work under pressure and meet competing requirements

Benefits

Comp & perks

In-office culture supporting collaboration, engagement, and career development
Opportunities to learn, grow, and make an impact
Affordable, competitive, and flexible benefits
Support for physical, emotional, and financial wellness
Paid time off
Annual discretionary incentive plan eligibility