Application Control Specialist

Bank of America•Jersey City, NJ

26d•$92,000 - $144,600•Onsite

About The Position

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 an 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: This job is responsible for completing and tracking compliance deliverables to ensure applications adhere to policies and standards as well as local laws, rules, and regulations. Key responsibilities include supporting compliance deliverables and infrastructure requests, vendors, development teams, and technology managers to ensure timely completion of compliance activities. Job expectations include partnering with control functions, risk management, and Global Information Security teams to complete compliance deliverables effectively and efficiently. Overview: Manages all application(s) or AIT within the technology environment to keep compliant with external regulators as well as with Bank policies. Supports systems through maintenance, modification, problem resolution to support ongoing delivery of services and/or operations and regulation changes. Oversees coordination of multiple projects and release planning to ensure production stability. May provide expertise in determining the strategic technical direction and system architecture for initiatives with minimum technical debt. Provides L3 support to production issues. Provides training and technical assistance to more junior associates. Typically requires 5-7 years of applicable experience.

Requirements

7+ years of experience in IT
Solid knowledge of software development life cycle (Agile and Waterfall) and Devops practices
Experience in banking segment and application architecture
Knowledge in application development languages, databases and architecture
Contribute to risk culture by holding self-accountable to managing risk
Excellent oral and written communication
Demonstrated compliance culture
Ability to work in a team
Remains positive and focused during times of pressure or adversity
Strong ability to identify, analyze and solve problems
Ability to engage with Product and operations in technology discussions
Project management experience: planning, scheduling, project communication, issue resolution
Self-motivated, pro-active individual, comfortable working in a fast-paced environment and able to drive a project from concept to delivery
Critical thinking and problem solving
Influences others
Quick learner and self-starter who requires minimal supervision to excel in a dynamic environment

Nice To Haves

Domain expertise in billing and pricing applications
Knowledge of mainframe technology and development tools
Understanding of regulatory and compliance requirements in financial services
Skills: Application Development
Architecture
Collaboration
DevOps Practices
Risk Management
Analytical Thinking
Data Management
Financial Management
Solution Delivery Process
Technical Strategy Development
Agile Practices
Automation
Result Orientation
Solution Design
Test Engineering

Responsibilities

Completes administrative and non-technical tasks related to risk, security, and other compliance deliverables (e.g., access reviews, assessments, questionnaires, and procedural requirements) on time and per requirements for the application supported
Tracks and supports the technical security and risk activities performed by the development teams (e.g., remediation of non permitted technology or security vulnerabilities, technical recovery planning, and disaster recovery exercises)
Works with technology infrastructure teams to incorporate infrastructure requirements, including requests for additional storage
Assists with audit exams and risk assessments for applications
Works closely with vendors for vendor applications to ensure they meet bank requirements
Maintains data about the application in AppHQ and other systems of record
Assists with ad hoc inquiries and questions about applications
Responsible for maintaining applications in compliance with both external regulation and Bank internal mandates
Manage assigned application servers to keep up to date with software updates and vulnerability remediation, including rehosting projects to update infrastructure and monitoring of server capacity and performance
Responsible for maintaining and executing Technical recovery plans
Work with Information Security partners to plan solutions and resolve complex vulnerabilities
Manages and coordinates activities with vendors, contractors or other IT partners involved in the application’s functional upgrades, production issue resolution and regulatory updates, ensuring SLAs are met
Establishes routines to monitor and resolve required deliverables for application governance
Maintains up to date information regarding the application in all the required systems of record regarding permissions, interphases, connectivity, servers, used technology, etc
Providing L3 support for production issues
Acts in coordination and provides support to other application managers on common issues
Identification and proactive risk management

Benefits

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.
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.
Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

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