Business Control Manager – Credit Risk
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! The Business Control Manager will support the Preferred Platform Controls organization to create a best-in-class overall client experience and risk controls environment. The role will focus on supporting the Trade Elevation team with identifying escalated risk derived from volatility and real time market movement while prioritizing and driving strategic initiatives to mitigate risk. The candidate will specifically focus on risk mitigation around margin and options products, including concentrated positions. Assist in the execution of internal control discipline and operational excellence within a LOB or ECF. Execute LOB/ECF specific processes and tools to drive adherence to enterprise-wide Standards. Support the implementation of QA/QC processes within the LOB/ECF through ongoing monitoring and testing of controls. Identify issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones. Directs staff. Incumbents typically have over 8+ years of risk management experience. Series 7, 66,and 9/10 or equivalents are required.
Requirements
- Series 7, 66,and 9/10 or equivalents are required.
- Experience in key areas outlined: Margin, Equities, and Options
- 3 or more years work experience in financial services
- Understanding of Merrill Edge clients and business
- Demonstrates leadership, leading through change and process improvements to deliver results
- Strong analytical capability to drive root cause analysis, demonstrate attention to detail, deliver concise and value added reporting
- Demonstrated creative resolution development, problem solving, and follow up skills
- Self-starter able to work independently, with minimal oversight and guidance
- Ability to quickly develop subject matter expertise across a broad spectrum of issues
- Strong organization skills, including the ability to manage multiple responsibilities, prioritize and meet deadlines
- Advanced in MS Excel functions
- Ability to shift priorities on short notice
- Solid presentation skills
- Provide statistical analysis to identify trends and outlier metrics
Nice To Haves
- Ability to shift priorities on a daily basis with short notice
- VBA/Python knowledge
Responsibilities
- Ability to guide and lead associates to appropriate decisions are mandatory components of the position.
- Help to identify trends via reporting and quality control analysis, produce reporting and specify areas of improvements/solutions to mitigate operational risk.
- Help establish communication forums with internal business partners, identify opportunities to improve internal processes and the client experience.
- Help establish action plans for initiatives/projects to help move the business forward.
- The desired candidate will possess a committed focus on meeting client needs and always exceeding expectations.
Benefits
- access to paid time off
- resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
