Risk Management Control Lead

1 week ago


Charlotte, North Carolina, United States Bank of America Full time
Job Overview:

At Bank of America, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, which reflects our commitment to clients, employees, communities, and shareholders alike.

We are dedicated to fostering a diverse and inclusive environment for all our employees. Our hiring practices embrace a wide array of backgrounds and experiences, and we provide substantial support for our employees and their families through competitive benefits that promote their overall well-being.

Bank of America values collaboration while also offering flexibility tailored to various roles within our organization.

Being part of Bank of America presents a unique opportunity to develop your career, acquire new skills, and contribute positively to our mission.

Position Summary:

The Business Control Manager is a seasoned professional tasked with the execution, management, and support of the Private Bank's Risk Framework, overseeing audit-related activities, self-assessments, and assisting in the management of Single Process Inventory initiatives.

Key Responsibilities:
  • Act as the primary contact for the Private Bank Enterprise Reporting Hierarchy regarding all aspects of the risk framework and audit matters.
  • Concentrate on Private Bank product management and its integration within the Risk Framework (including SPI, audit issues, and losses).
  • Lead assessments of the design and effectiveness of the risk and control environment to ensure compliance with enterprise-wide standards.
  • Oversee integration with process and product risk assessment governance.
  • Conduct monitoring and testing of controls, identifying issues and recommending improvements for remediation.
  • Drive the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity.
  • Manage the performance and productivity of team members conducting quality inspection reviews.
  • Ensure timely execution of QA activities, including control execution, case management, and reporting of results.
  • Review all operations front line unit responses for regulatory examinations, internal audits, and other monitoring and inspection reviews.
  • Guarantee data accuracy and capture relevant information for inspection metrics to support governance for dashboard reporting.
Preferred Qualifications:
  • Familiarity with the Process Owner Portal (POP) and ARIS.
  • Experience in Process Mapping/ARIS.
  • Knowledge of ORCIT-Key measures.
  • Strong relationship management skills to establish and maintain credibility and influence with partners, leadership, and stakeholders.
  • Detail-oriented with the ability to analyze data and present it as valuable insights for leadership.
  • Comprehensive understanding of business controls and risk frameworks, with the confidence to challenge norms.
  • Exceptional leadership, communication, and presentation abilities.
  • Proficient in Microsoft Office Suite (Excel, PowerPoint).
  • Aptitude for driving results, adapting to a fast-paced environment, and fostering relationships across various business units.
  • Demonstrated enthusiasm for intellectual curiosity and accuracy, along with the capability to investigate issues and identify root causes and patterns.
  • Self-motivated with a strong sense of ownership and the ability to develop and execute plans.
  • Strong skills in PowerPoint and Excel.
  • Audit experience is preferred but not mandatory.
Core Competencies:

Controls Management

Oral Communication

Risk Management

Stakeholder Engagement

Strategic Planning and Development

Continuous Improvement

Engagement Driving

Influence

Strategic Thinking

Talent Development

Data and Trend Analysis

Decision Making

Monitoring, Surveillance, and Testing

Problem Solving

Quality Assurance

Work Schedule:
1st shift (United States of America)

Weekly Hours:
40

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