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Bank of America Sr Business Control Specialist in Charlotte, North Carolina

Sr Business Control Specialist

Charlotte, North Carolina;Dallas, Texas

Job Description:

Sr Business Control Specialist—Process Design

Job Description:

The candidate will support the Process & Risk Management team in mitigating risk across the Global Banking & Markets Anti-Money Laundering (GBAM AML) organization and program.

Directly supports execution and management of the QA Program through various initiatives to drive process improvements and control performance sustainability.

This role requires a strong operational risk and compliance background, Risk Framework (QA Standard) knowledge, and understanding of AML requirements.

Key responsibilities include the following:

∙ Support or lead the implementation of various special projects designed to further mitigate risks and drive operational excellence within the GBAM AML program

∙ Engage with and coordinate LOB process owners and subject matter experts as well as Risk and Compliance partners in the analysis of processes to determine root causes to deficiencies that may require process, risk, and/or control enhancements

∙ Collect and analyze process data in order to identify key risk and mitigating controls, proposing alternate solutions when applicable

∙ Provide support in the completion of Risk and Control Self Assessments (RCSA) or other business control assessments

Enterprise Description:

Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF. Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management. Acts as an ambassador of the risk culture. Incumbents typically have over 5+ years of risk management and/or LOB/ECF experience.

Required Skills and Experience

∙ 3-5 years of QA Management, PRC, RCSA, or other similar business control experience

∙ Working knowledge of Global Banking & Markets

∙ Understanding of AML requirements and Enterprise Standards

∙ Process improvement and data analysis experience

∙ Must have desire and ability to learn processes, new technology tools and applications

∙ Acute attention to detail

∙ Excellent organizational skills

∙ Strong communication skills and “how” competencies to effectively work with process owners, process designers, and business partners

∙ Proficient in Microsoft Office applications, including intermediate Excel, Visio, Power Point, SharePoint and WebEx skills

Desired Skills :

∙ Bachelor’s degree in related field or equivalent experience

∙ Six Sigma and/or statistical analysis experience

∙ ORCIT\Process Owner Portal UAT user experience

∙ Working knowledge of Risk Framework

∙ Operational Excellence experience

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Sr Business Control Specialist—Process Design

Job Description:

The candidate will support the Process & Risk Management team in mitigating risk across the Global Banking & Markets Anti-Money Laundering (GBAM AML) organization and program.

Directly supports execution and management of the QA Program through various initiatives to drive process improvements and control performance sustainability.

This role requires a strong operational risk and compliance background, Risk Framework (QA Standard) knowledge, and understanding of AML requirements.

Key responsibilities include the following:

∙ Support or lead the implementation of various special projects designed to further mitigate risks and drive operational excellence within the GBAM AML program

∙ Engage with and coordinate LOB process owners and subject matter experts as well as Risk and Compliance partners in the analysis of processes to determine root causes to deficiencies that may require process, risk, and/or control enhancements

∙ Collect and analyze process data in order to identify key risk and mitigating controls, proposing alternate solutions when applicable

∙ Provide support in the completion of Risk and Control Self Assessments (RCSA) or other business control assessments

Enterprise Description:

Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF. Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management. Acts as an ambassador of the risk culture. Incumbents typically have over 5+ years of risk management and/or LOB/ECF experience.

Required Skills and Experience

∙ 3-5 years of QA Management, PRC, RCSA, or other similar business control experience

∙ Working knowledge of Global Banking & Markets

∙ Understanding of AML requirements and Enterprise Standards

∙ Process improvement and data analysis experience

∙ Must have desire and ability to learn processes, new technology tools and applications

∙ Acute attention to detail

∙ Excellent organizational skills

∙ Strong communication skills and “how” competencies to effectively work with process owners, process designers, and business partners

∙ Proficient in Microsoft Office applications, including intermediate Excel, Visio, Power Point, SharePoint and WebEx skills

Desired Skills :

∙ Bachelor’s degree in related field or equivalent experience

∙ Six Sigma and/or statistical analysis experience

∙ ORCIT\Process Owner Portal UAT user experience

∙ Working knowledge of Risk Framework

∙ Operational Excellence experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21053210

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Gweneth Leuther Karas

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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