Independent Technical Assessment Executive

Bank of America•Newark, NJ

5d•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! This role provides executive level leadership within a team accountable for managing unbiased, independent assessments of GT&Os current state technical capabilities as well as the management of horizontal regulatory exams and internal audits and risk assessments across GT&O. Responsibilities include providing leadership for unbiased technical assessments including the engagement of key stakeholders and partners and identification of assessment elements, validation of test plans, insight into controls, general oversight and report out of findings and status to executive leadership; Identifying issues with horizontal impact across GT&O and facilitating ownership assignment, governance and remediation; Actively consulting on horizontal issues including establishment and approval of action plans; Serving as an escalation point for horizontal issues and ensuring all parties are delivering on accountabilities; Consulting in horizontal exam and audit discussions and providing guidance on responses; Facilitating common understanding of exam issues through routines with control partners to ensure consistency in responses. The Independent Technical Assessment Executive Technical Review role leads the ITA team and provides executive level leadership with accountability for managing unbiased, independent assessments of Global Tech’s current state technical capabilities as well as the management of independent assessments across Global Tech. Key responsibilities include providing independent observations on possible areas of concern through executing in-depth reviews in collaboration with process or control owners, stakeholders and Global Tech leaders. Position expectations include providing a proactive first-line perspective and domain expertise, planning, designing, and executing in-depth reviews in collaboration with process owners/key stakeholders, and control partners, leading the independent assessment process, identifying key risks, gaps or opportunities for improvement, and reporting out findings to executive leadership. Managerial Responsibilities: This position will have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above. Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals. Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations. Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success. Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization. People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance. Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability. Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs. Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage. Core Responsibilities: Establishes High Performing Team and Independent Technical Review Frameworks: Establish and maintain effective management routines to champion inclusion, create great place to work and manage and coach high-performing ITA team Manages the internal pre-planning of assessments including engagement of stakeholders and partners Coordinates independent assessment process in partnership with internal and external partners including identification of assessment elements, validation of test plans, insight into controls and general oversight Collaborates and Oversees Completion of Assessments: Creates effective partnerships while maintaining independence through proper management discipline Identifies issues with horizontal impact across GT and facilitate ownership assignment Conducts pre-analysis and stakeholder reviews and facilitate ownership assignment based on established criteria Enables Sustainable Change, Execution and Improved Business and Risk Outcomes: Manages the report out of findings and status to executive leadership May also provide leadership across the GT organization through special projects or assignments

Requirements

15+ years of program/portfolio leadership in large-scale, highly regulated environments
10+ years influencing senior executives and enterprise forums
Executive presence and attention to detail
Excellent communication skills, both written and verbal, in a concise and insightful way to executives at all levels of the organization
Demonstrated strategic thought leadership and intellectual curiosity
Able to constructively navigate and lead through conflict with others
Able to effectively collaborate with others across the organization, build effective relationships to achieve change and implement strategy
Outstanding management skills and consistent record of building, developing and retaining highly talented teams
Deep expertise in governance, risk and controls, regulatory expectations, and audit readiness across technology portfolios
Strong financial stewardship: multi-year planning, forecasting, benefits realization, and vendor/partner management
Risk Management
Resource Management
Innovative Thinking
Decision Making
Executive Presence
Stakeholder Management
Change Management
Solution Design
Strategic Planning
Process Management

Responsibilities

providing leadership for unbiased technical assessments including the engagement of key stakeholders and partners and identification of assessment elements, validation of test plans, insight into controls, general oversight and report out of findings and status to executive leadership
Identifying issues with horizontal impact across GT&O and facilitating ownership assignment, governance and remediation
Actively consulting on horizontal issues including establishment and approval of action plans
Serving as an escalation point for horizontal issues and ensuring all parties are delivering on accountabilities
Consulting in horizontal exam and audit discussions and providing guidance on responses
Facilitating common understanding of exam issues through routines with control partners to ensure consistency in responses
providing independent observations on possible areas of concern through executing in-depth reviews in collaboration with process or control owners, stakeholders and Global Tech leaders
planning, designing, and executing in-depth reviews in collaboration with process owners/key stakeholders, and control partners
leading the independent assessment process, identifying key risks, gaps or opportunities for improvement, and reporting out findings to executive leadership
Establish and maintain effective management routines to champion inclusion, create great place to work and manage and coach high-performing ITA team
Manages the internal pre-planning of assessments including engagement of stakeholders and partners
Coordinates independent assessment process in partnership with internal and external partners including identification of assessment elements, validation of test plans, insight into controls and general oversight
Creates effective partnerships while maintaining independence through proper management discipline
Identifies issues with horizontal impact across GT and facilitate ownership assignment
Conducts pre-analysis and stakeholder reviews and facilitate ownership assignment based on established criteria
Manages the report out of findings and status to executive leadership
May also provide leadership across the GT organization through special projects or assignments

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.

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