30 Sep
Operational Risk and Control Partner-Sr Business Control Specialist (Charlotte, Chicago, or Jacksonville)
Illinois, Chicago , 60601 Chicago USA

Vacancy expired!

Operational Risk and Control Partner-Sr Business Control Specialist (Charlotte, Chicago, or Jacksonville)Charlotte, North Carolina;Jacksonville, Florida; Chicago, IllinoisJob Description:Enterprise Role Overview: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. May manage staff.LOB Specific Job Description:Provide analytical support in executing internal control discipline and operational excellence across various 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 Global Market Operations Line of Business experience.The Operational Risk & Control (OR&C) team is seeking a candidate to support its Shared Operations Lines of Business. The OR&C team is responsible for the implementation of operational risk management policies, procedures, and standards for Global Markets Operations Globally. The team is directly accountable for Risk and Control issues of the Lines of Business it supports and also works with Corporate Operational Risk to implement GT&O Enterprise Risk standards. Key goals of the team are 1) promote a strong Risk Culture, 2) understand our Risk Profile and Risk Appetite, 3) establish sound risk management processes to effectively identify, measure, monitor, and control risk, and 4) ensure we have proper Risk Governance in place to communicate, escalate, and debate risks.Job Responsibilities:As a member of the Global Market Operations Risk & Control team, the position will be responsible for functions supporting the Shared Operations Line of Business. Responsibilities include: Perform root cause analysis of operational events and challenge control weaknesses and breakdowns to properly assess risk disposition Understanding of operational processes: risks, controls and control metrics Institute routines to oversee progress of risk mitigation efforts and mange timelines for issue closure Score risk issues in accordance with Bank of America Risk Framework and guidelines Draft issue summaries and detailed action plans to document remediation approach Enter issues formally into the Issue Management System of Record Collect and perform independent QA of evidence submitted for issue closure Perform issue status reporting for various audiences Perform trend analysis and horizontal impact assessments to determine themes and identify emerging risks Support lines of business through routine exams with regulators and internal auditCore Skills: 5+ Years of risk management and/or Global Market Operations Experience Excellent written and verbal communication skills – ability to tailor messaging to senior management Able to understand, analyze, and explain complex workflows Self-Starter who can work independently with little guidance or direction Ability to meet tight deadlines while working in a flexible environment Attention to laws, rules & regulations High technical expertise in MS Office platformsDesirable Skills: Audit, Global Markets, and/or Finance/Accounting experience Project management experience Ability to analyze, comprehend, and document complex processes Highly analytical – Able to work with large data sets and workflowsJob Band:H5Shift:1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0Job Description:Enterprise Role Overview: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. May manage staff.LOB Specific Job Description:Provide analytical support in executing internal control discipline and operational excellence across various 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 Global Market Operations Line of Business experience.The Operational Risk & Control (OR&C) team is seeking a candidate to support its Shared Operations Lines of Business. The OR&C team is responsible for the implementation of operational risk management policies, procedures, and standards for Global Markets Operations Globally. The team is directly accountable for Risk and Control issues of the Lines of Business it supports and also works with Corporate Operational Risk to implement GT&O Enterprise Risk standards. Key goals of the team are 1) promote a strong Risk Culture, 2) understand our Risk Profile and Risk Appetite, 3) establish sound risk management processes to effectively identify, measure, monitor, and control risk, and 4) ensure we have proper Risk Governance in place to communicate, escalate, and debate risks.Job Responsibilities:As a member of the Global Market Operations Risk & Control team, the position will be responsible for functions supporting the Shared Operations Line of Business. Responsibilities include: Perform root cause analysis of operational events and challenge control weaknesses and breakdowns to properly assess risk disposition Understanding of operational processes: risks, controls and control metrics Institute routines to oversee progress of risk mitigation efforts and mange timelines for issue closure Score risk issues in accordance with Bank of America Risk Framework and guidelines Draft issue summaries and detailed action plans to document remediation approach Enter issues formally into the Issue Management System of Record Collect and perform independent QA of evidence submitted for issue closure Perform issue status reporting for various audiences Perform trend analysis and horizontal impact assessments to determine themes and identify emerging risks Support lines of business through routine exams with regulators and internal auditCore Skills: 5+ Years of risk management and/or Global Market Operations Experience Excellent written and verbal communication skills – ability to tailor messaging to senior management Able to understand, analyze, and explain complex workflows Self-Starter who can work independently with little guidance or direction Ability to meet tight deadlines while working in a flexible environment Attention to laws, rules & regulations High technical expertise in MS Office platformsDesirable Skills: Audit, Global Markets, and/or Finance/Accounting experience Project management experience Ability to analyze, comprehend, and document complex processes Highly analytical – Able to work with large data sets and workflowsShift:1st shift (United States of America)Hours Per Week:40Learn more about this roleFull timeJR-22084576Band: H5Manages People: NoTravel: NoManager:Talent Acquisition Contact:Meghann FieldsReferral Bonus:0Bank 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/OFCCPEEOSupplementFinalJRFQA508c.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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