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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
This job is responsible for planning and coordinating the execution of large program deliverables which requires engagement across multiple organizations. Key responsibilities include communicating target outcomes, coordinating delivery, resource planning, providing visibility of program health, and managing program risks, compliance and financials. Job expectations include ensuring delivery meets the client’s expectations in terms of the target outcomes, timeline, and cost and facilitating sync points between business and technology leaders and Risk and Compliance partners.

Position Summary:

This role is within the Cloud Governance team that manage the end to end process of Regulatory impacts to the Cloud defined by Laws, Rules, and Regulations (LRR’s). The role ensures compliance with applicable LRR’s and internal policies and procedures to reduce exposure to financial loss, reputation harm or regulatory sanctions. The role will also have responsibility for the evaluation, mapping and alignment to common cloud industry standards.

Primary Responsibilities:

• The Cloud Governance role will be responsible for monitoring of the Compliance alert queue to ensure timely notifications are being met in accordance with the Laws Rules and Regulations that align to Cloud/Cloud Service Providers.
• The investigation/review of the Cloud Controls to understand impacted Controls and review of Cloud Inventory to ensure timely compliance to the LRR has occurred.
• The communication of new LRRs as the landscape of Cloud changes to management
• Conducting assessments of current and new global regulatory requirements related to cloud, identifying gaps and providing recommended remediation actions.
• Development of appropriate mappings of bank and third party managed cloud controls to specific regulatory requirements.
• Enable the Bank's Cloud Strategy while maintaining compliance with policies, controls, and regulations, driving operational excellence and industry best practices for financial services cloud computing

Responsibilities:

• Leads and coordinates routines to support delivery of large programs, such as kick-offs, status reviews, stakeholder meetings, change controls, and tollgates
• Broadens relationships with business and technology leaders across multiple organizations, as well as Compliance and Risk
• Establishes target outcomes in partnership with stakeholders and leaders
• Tracks success metrics and provides status updates to stakeholders and leadership pertaining to the target outcomes, delivery, performance, risks, issues, and schedule
• Collaborates with sponsors and stakeholders to ensure that execution is aligned with deliverable requirements
• Manages program financials and supports resource planning
• Ensures adherence with Enterprise Change Management standards
• Enable the Bank's Cloud Strategy while maintaining compliance with policies, controls, and regulations, driving operational excellence and industry best practices for financial services cloud computing

Required Qualifications

• Competent in the interpretation of laws, rules, regulations (LRR’s)
• 5-10 years’ experience working in a compliance/regulatory setting
• Critical Thinking – Manage by Fact
• Ability to balance risks in ambiguous and complex situations
• Drive continual service improvement
• Excellent communication skills
• Experience in data protection and legal compliance
• Highly motivated to contribute and grow within a complex area of emerging importance

Desired Qualifications

• Knowledge of global cloud and third-party outsourcing regulations related to financial services firms
• Knowledge of CSM – CCM/CAIQ and CRI - Cloud Profile 2.0
• Knowledge of Cloud Security Review Process and Permit to Send
• Knowledge of NIST(National Institute of Standards & Technology), Cloud related frameworks and regulations related BofA policies and standards
• Industry certifications such as CSA CCSK/CCAK, ISC2 CCSP, AWS/Microsoft/Google CSP specific cloud knowledge certifications

Skills:

• Collaboration
• Project Management
• Result Orientation
• Solution Delivery Process
• Stakeholder Management
• Analytical Thinking
• Business Acumen
• Financial Management
• Influence
• Risk Management
• Agile Practices
• Architecture
• Data Management
• Solution Design
• Technical Strategy Development

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)

Pay and benefits information

Pay range

$115,000.00 - $190,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.