Sr. Business Controls Specialist

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The candidate is responsible for executing internal controls around operational events within Global Markets.

Key responsibilities include supporting the implementation of quality assurance and quality control processes through ongoing monitoring of operational events to drive adherence to enterprise-wide standards.

Responsibilities:

• Implementation of operational event Quality Assurance controls in-line with enterprise policies
• Provide guidance on operational event evidence documentation to ensure completeness of required fields in the ORCIT System
• Assist Business Control Officers (BCOs) by facilitating meetings and information sharing between key stakeholders, business control partners and Compliance/Operational Risk (GCOR)
• Produce Business Control Forum (BCF) and Regulatory meeting materials (including Sub-Thematic and Trend Reporting)
• Produce metrics to help monitor timeliness of operational submissions
• Communicate relevant updates to LOB representatives, COOs, BCOs, GCOR and key stakeholders regarding issues and key deliverables
• Review the impact of Single Process Inventory (SPI) alignment on operational event performance
• Review and approve ORCIT Operational Event Access requests for Global Markets Hierarchies in the Access Request Module (ARM) system
• Assist with additional GM Quality Assurance tasks (i.e. Electronic Communications Reviews, metric monitoring, etc.)

Skills:

• 5+ years in controls or risk management (business, operations, finance, compliance, operational risk, audit)
• Demonstrate professional writing proficiency, strong verbal communication, and presentation skills
• Proficient in Microsoft Office Suite (Excel, Pivot Tables, PowerPoint, SharePoint, etc.)
• Highly motivated self-starter with ability to multitask, manage multiple priorities and meet aggressive deadlines - Candidate must be able to thrive in a fast-paced and high-pressure environment

Desired Skills:

• Knowledge of Global Markets Business
• Familiarity of operational risk program requirements
• Working knowledge of Cognos, Tableau, ORCIT

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range$110,000.00 - $175,000.00 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.