Senior Business Control Specialist

Bank of America•Tampa, FL

38d•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 driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation. The Senior Business Controls Specialist (Regulatory Management Team) will review applicability, complete reviews, and complete subsequent tasks needed to satisfy the FR Y – 14Q Schedule H.1 for Corporate loan data, Home Mortgage Disclosure Act (HMDA), and/or Modification of Distressed Debt (MDD) Will consider other Enterprise Credit locations

Requirements

3+ years’ experience in risk management, compliance, operational controls and/or LOB underwriting or operations
Experience solving complex problems
Proficient in Outlook, Excel, SharePoint, PowerPoint and WebEx skills

Nice To Haves

Working knowledge of regulatory reporting schedules
Familiarity with commercial/corporate loan agreements
Experience in Commercial Banking, credit underwriting, monitoring and collateral analysis and familiar with credit policy and procedures
Regulatory, audit, and/or issue management experience
Skills: Controls Management
Issue Management
Monitoring, Surveillance, and Testing
Quality Assurance
Risk Management
Analytical Thinking
Attention to Detail
Critical Thinking
Problem Solving
Written and Oral Communications
Decision Making
Innovative Thinking
Prioritization
Recording/Organizing Information
Research
Multi-tasking
Data Accuracy
Collaboration

Responsibilities

Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness
Performs QA activities including executing on controls, managing cases, and reporting results
Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success
Supports the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews and evaluates data and information relevant to inspection metrics to support governance activities for dashboard reporting
Maintain and self-manage a pipeline of work requiring review of loan approvals, agreements, and coordination with coverage teams to meet submission deadlines.
Analyze loan structure and apply both regulatory and internal guidance to satisfy supplemental reporting requirements
Participating with work team developing updates and training to any Front-Line Unit (FLU) procedures for the designated regulation

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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