Sr. Business Control Specialist

Sr. Business Control Specialist - Sanctions Screening Center Of ExcellenceThis job is responsible for driving and executing 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.About Sanctions Screening Center Of Excellence: The Center Of Excellence for economic sanctions monitoring is part of Global Payment Operations (GPO). GPO is the central hub for Bank Of America in playing a monumental and mission critical role in establishing, servicing, supporting and monitoring two of the most widely used electronic payment processing vehicles Wire and ACH in the financial services arena worldwide. GPO is also accountable for the SSCoE (Sanctions Screening Center of Excellence) that reviews all of Bank Of America's customers and transactions to ensure compliance with Bank Of America's Economic Sanctions Program. SSCoE serves BAML's eight lines of business, delivering global, regional and local capabilities through secure, fast and reliable technology, and people with the knowledge and experience to deliver timely and accurate review of all sanctions alerts across all products of Bank Of America. Team also has the responsibility to provide support to client facing teams and clients where needed to educate on compliance program, drive better quality of data defining the customer and their day-to-day banking transactions.Responsibilities:Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standardsSupports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediationImplements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity effortsConducts and coordinates quality inspection reviews to enhance employee performance and control effectivenessPerforms QA activities including executing on controls, managing cases, and reporting resultsExecutes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program successSupports 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 reportingAccountable for the SSCoE (Sanctions Screening Center of Excellence) that reviews all of Bank Of America's customers and transactions to ensure compliance with Bank Of America's Economic Sanctions ProgramRequired Qualifications:Minimum of 1 year experience in Operations or ComplianceAnalytical and detail orientedExcellent communication skills, written and verbalIntermediate skill level using Microsoft ExcelAbility to work independently, as well as, within a teamOvertime as requiredActs as an ambassador of the risk cultureDesired Qualifications:Previous Economic Sanctions, AML, Wire Transaction and/or previous Compliance experience highly desiredProblem SolverCollege degree or commensurate experienceSQL and/or coding experienceStrives to bring new thoughts and ideas to teams in order to drive innovation and unique solutionsExcels in working among diverse viewpoints to determine the best path forwardExperience in connecting with a diverse set of clients to understand future business needs is a continuous learnerCommitment to challenging the status quo and promoting positive changeParticipate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client baseSkills:Controls ManagementIssue ManagementMonitoring, Surveillance, and TestingQuality AssuranceRisk ManagementAnalytical ThinkingAttention to DetailCritical ThinkingProblem SolvingWritten CommunicationsDecision MakingInnovative ThinkingPrioritizationRecording/Organizing InformationResearchShift: 1st shift (United States of America) Hours Per Week: 40