Enterprise Privacy Executive

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for executing against Enterprise Data Excellence Objectives and improving the overall Data Management Framework for the company. Key responsibilities include delivering data operations, policies, and governance priorities that address solutions across the Front Line Units, Control Functions and key stakeholders. Job expectations include leading process implementation and managing risk against enterprise data standards, adherence, and mandates, as well as managing organization agility, financial plans, and operational excellence.

Team Specific Job Description:

The Enterprise Privacy Executive is accountable for setting and executing the Enterprise Privacy Program, owns the Enterprise Privacy Policy and acts as Chief Privacy Officer for the company. Key responsibilities include delivering privacy operations, policies, and governance priorities that address solutions across the Front-Line Units, Control Functions and key stakeholders. Job expectations include leading process implementation and managing risk against enterprise privacy standards, adherence, and mandates, as well as managing organization agility, financial plans, and operational excellence.

Responsibilities:

• •Manages data management policies and ensuring Line of Business compliance and adherence to enterprise data governance and regulatory standards
• •Manages data operations and execution against data excellence pillars
• •Establishes a culture of risk and compliance management, ensuring the organization is compliant with all applicable data management policies and standards
• •Partners with data executives across the enterprise to drive adherence to Data Policies and Standards, facilitates effective go to green plans and enables business segments to reach and maintain a satisfactory control environment
• •Matures the Enterprise Data Policy and Capture, Transport, Use Standards including the generational strategic approach, quality assurance (QA) expectations, reporting and oversight routines
• •Communicates changes in data governance requirements across the bank, building engagement and proper risk culture that prioritizes business understanding, investing and owning their data that drive their business functions
• •Partners with senior data executives and business executives, risk partners, and audit partners

Team Specific Responsibilities:

Builds, leads and develops a high-performing enterprise privacy organization with clear role accountability and global operating coverage

Manages privacy management policies measuring line of business performance and adherence to enterprise privacy governance in alignment with global privacy and data protection regulatory requirements

Owns the enterprise privacy policy framework, including standards, guidelines, training and operationalize privacy processes driving consistency across regions, legal entities and lines of business

Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, identify and manage risks including monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage, while supporting communication of regulatory changes to the Front Line Unit (FLU) and Control Function (CF) and ensuring that policies, standards, procedures, and processes are appropriately implemented or amended to address regulatory requirements

Establishes a culture of risk and compliance management, promoting compliance with all applicable privacy policies and standards

Partners with data privacy executives across the enterprise to drive adherence to Privacy Policies and Standards, facilitates effective go to green plans and enables business segments to reach and maintain a satisfactory control environment

Matures the Enterprise Privacy Standards including the generational strategic approach, quality assurance (QA) expectations, reporting and oversight routines

Communicates changes in privacy governance requirements across the bank, building engagement and proper risk culture that prioritizes business understanding, investing and owning their privacy processes that drive their business functions

Partners with senior data privacy executives, LOB executives, Risk partners, Legal partners and Audit partners

Managerial Responsibilities:

This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• •Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals
• •Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations
• •Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success
• •Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization
• •People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance
• •Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• •Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs
• •Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage

Required Qualifications:

Proven ability to lead enterprise-wide governance, risk, compliance, privacy, data, or control functions.

• •Experience building and leading high-performing teams across global and matrixed organizations.
• •Ability to set strategy, establish accountability, and drive execution
• •Strong understanding of banking regulatory requirements, privacy obligations, and risk management frameworks.
• •Ability to interpret laws, regulations, and regulatory changes and translate them into practical business solutions.
• •Experience overseeing enterprise policies, standards, governance, controls, and adherence programs