Senior Business Control Specialist


Published on 08/16/2022Bank of America - Plano, TX

Description

Senior Business Control Specialist

Charlotte, North Carolina;Plano, Texas; Jacksonville, Florida; Chicago, Illinois; Phoenix, Arizona

Job Description:

Provide analytical support in executing internal control discipline and operational excellence within a Line of Business (LOB)/Enterprise Control Function (ECF). Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Acts as an ambassador of the risk culture. The Senior Business Control Specialist will be involved in driving execution of Bank wide Initiatives, Issue Management, Laws, Rules, Regulations, Policies and Standards, Change Risk Management, Data Management, Models & Spreadsheets, and Process governance routines across Global Banking Operations. Incumbents typically have over 5+ years of risk management and/or LOB/ECF experience.

Responsibilities:

•Assess management and process controls for effectiveness at ensuring compliance with policies, procedures, laws, rules and regulations

•Conduct assessments of laws, rules, regulations and policy updates to understand business impacts, and collaborate with key partners to ensure compliance

•Lead data management processes and collaborate on key initiatives

•Manage governance routines for Models & Critical Use Spreadsheets

•Assist the LOB/FLU with identification of risk gaps and improvements in controls; assist in remediation of gaps and implementation of improvements identified

•Partner closely with Global Compliance & Operational Risk to validate applicable laws, rules, and regulations in multiple geographic regions, and aligned to various Global Banking Operations functions and teams

•Assist the LOB/FLU with identification of product and platform gaps that pose risks, assisting in building data/information for technology/product funding requests

•Develop and maintain effective partnerships with business, compliance and risk teammates

Requirements:

•2+ years experience in cross functional operations

•Credit operations or Treasury related function(s)

•Ability to work in a very detailed and efficient manner

•Ability to manage concurrent activities

•Strong problem-solving and organization skills

•Excellent written and verbal communication skills

•Ability to maintain objectivity in balancing Bank risk with client needs and satisfaction

•Strong proficiency with SharePoint and Microsoft Office, particularly Excel

•Desired Skills:

•Knowledge of Credit and/or Treasury products, processes, and systems

•Experience with Laws, Rules, Regulations, Policies, and Standards

•Knowledge of Global Banking Operations processes

•Project Management or Six Sigma certification

•Familiarity with ORCIT, eDIM, eIMS and Enterprise Process Control Framework

•Audit, Risk, or Compliance background

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Provide analytical support in executing internal control discipline and operational excellence within a Line of Business (LOB)/Enterprise Control Function (ECF). Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Acts as an ambassador of the risk culture. The Senior Business Control Specialist will be involved in driving execution of Bank wide Initiatives, Issue Management, Laws, Rules, Regulations, Policies and Standards, Change Risk Management, Data Management, Models & Spreadsheets, and Process governance routines across Global Banking Operations. Incumbents typically have over 5+ years of risk management and/or LOB/ECF experience.

Responsibilities:

•Assess management and process controls for effectiveness at ensuring compliance with policies, procedures, laws, rules and regulations

•Conduct assessments of laws, rules, regulations and policy updates to understand business impacts, and collaborate with key partners to ensure compliance

•Lead data management processes and collaborate on key initiatives

•Manage governance routines for Models & Critical Use Spreadsheets

•Assist the LOB/FLU with identification of risk gaps and improvements in controls; assist in remediation of gaps and implementation of improvements identified

•Partner closely with Global Compliance & Operational Risk to validate applicable laws, rules, and regulations in multiple geographic regions, and aligned to various Global Banking Operations functions and teams

•Assist the LOB/FLU with identification of product and platform gaps that pose risks, assisting in building data/information for technology/product funding requests

•Develop and maintain effective partnerships with business, compliance and risk teammates

Requirements:

•2+ years experience in cross functional operations

•Credit operations or Treasury related function(s)

•Ability to work in a very detailed and efficient manner

•Ability to manage concurrent activities

•Strong problem-solving and organization skills

•Excellent written and verbal communication skills

•Ability to maintain objectivity in balancing Bank risk with client needs and satisfaction

•Strong proficiency with SharePoint and Microsoft Office, particularly Excel

•Desired Skills:

•Knowledge of Credit and/or Treasury products, processes, and systems

•Experience with Laws, Rules, Regulations, Policies, and Standards

•Knowledge of Global Banking Operations processes

•Project Management or Six Sigma certification

•Familiarity with ORCIT, eDIM, eIMS and Enterprise Process Control Framework

•Audit, Risk, or Compliance background

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22059903

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Ryan Evans

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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