About Company
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. We are committed to fostering a diverse and inclusive workplace that embraces employee differences and enables us to better serve our clients and communities. With a strong presence in local communities across the globe, we are dedicated to making financial lives better through the power of every connection. Our culture is built on a foundation of integrity, trust, and a shared commitment to excellence. We believe in providing our employees with opportunities for growth, development, and a chance to make a significant impact. Join Bank of America and be part of a team that is redefining the future of banking, contributing to our mission of responsible growth.
Job Description
Bank of America is seeking a highly motivated and detail-oriented Compliance Officer to join our team in Adams Hill, Glendale, CA. This vital role involves ensuring strict adherence to regulatory requirements, internal policies, and ethical standards across our operations. As a Compliance Officer, you will be instrumental in protecting the bank’s reputation, mitigating risks, and upholding our unwavering commitment to integrity and client trust. You will be responsible for interpreting complex financial regulations, developing robust compliance frameworks, and providing expert guidance to various business units and personnel. This position demands a proactive individual with a strong analytical mindset, exceptional communication skills, and a deep understanding of financial services compliance, particularly within the U.S. regulatory landscape.
Your role will involve playing a crucial part in fostering a pervasive culture of compliance throughout the organization, conducting regular compliance reviews, performing thorough risk assessments, and implementing necessary corrective actions proactively. We are looking for a dedicated professional who is passionate about maintaining the highest standards of regulatory compliance and contributing to a secure, transparent, and trustworthy financial environment for our clients and stakeholders. If you thrive in a dynamic, challenging, and intellectually stimulating environment where your expertise directly contributes to the success and stability of a global financial leader, we strongly encourage you to apply. This role offers significant opportunities for professional growth and continuous development within Bank of America’s extensive compliance network, allowing you to advance your career and make a tangible difference in the financial industry. You will be part of a collaborative team dedicated to navigating the complex and evolving regulatory landscape, ensuring our operations remain robust, ethical, and fully compliant at all times.
Key Responsibilities
- Develop, implement, and maintain comprehensive compliance policies and procedures in line with current regulatory requirements and industry best practices.
- Conduct regular compliance reviews, risk assessments, and internal audits to proactively identify potential areas of non-compliance and recommend solutions.
- Provide expert advice and strategic guidance to business units on regulatory matters, new products, operational changes, and compliance risks.
- Monitor regulatory developments and industry best practices, ensuring timely adaptation of internal controls and policies.
- Prepare and submit accurate and timely regulatory reports to relevant authorities as required by law.
- Investigate and resolve complex compliance-related issues, incidents, and client complaints with meticulous attention to detail.
- Deliver engaging and effective compliance training to employees at all levels to foster a strong, organization-wide compliance culture.
- Collaborate closely with legal, risk management, and internal audit teams to ensure a cohesive and integrated approach to governance.
- Assess the impact of new regulations on existing operations and recommend necessary adjustments to processes and systems.
- Manage and respond effectively to regulatory inquiries, examinations, and requests from oversight bodies.
Required Skills
- Bachelor's degree in Finance, Law, Business Administration, or a closely related field.
- Minimum of 4 years of progressive experience in a compliance role within the financial services industry.
- In-depth knowledge of key banking regulations (e.g., BSA/AML, OFAC, Dodd-Frank, consumer protection laws, Fair Lending).
- Strong analytical, problem-solving, and critical thinking abilities with a keen eye for detail.
- Excellent written and verbal communication skills, including the ability to articulate complex regulatory requirements clearly.
- Proven ability to manage multiple priorities and complex projects effectively in a fast-paced, demanding environment.
- High level of integrity, ethical conduct, and a strong commitment to compliance principles.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
Preferred Qualifications
- Master's degree or Juris Doctor (JD) from an accredited institution.
- Professional certifications such as Certified Regulatory Compliance Manager (CRCM), CAMS, FINRA Series licenses, or similar.
- Direct experience working with regulatory bodies and managing examinations.
- Familiarity with compliance software, GRC platforms, and data analytics tools.
- Project management experience in a compliance or regulatory context.
Perks & Benefits
- Highly competitive salary and performance-based incentive bonuses.
- Comprehensive health, dental, and vision insurance plans for employees and their families.
- Robust 401(k) retirement plan with generous company match.
- Generous paid time off, including vacation, sick leave, and company-recognized holidays.
- Employee stock purchase plan, offering discounted shares.
- Tuition reimbursement and extensive professional development programs to support career growth.
- Access to comprehensive wellness programs and employee assistance programs.
- A diverse, inclusive, and collaborative work environment.
- Significant opportunities for career advancement within a leading global financial institution.
- Exclusive employee banking benefits and financial services discounts.
How to Apply
Interested candidates are strongly encouraged to apply by clicking on the application link below. Please ensure your resume is thoroughly up-to-date and clearly highlights your relevant experience and qualifications that align with this critical role. Only applications submitted through our official careers portal will be considered for review.