Risk Managment Analyst

Bank Of America Corporation Charlotte , NC 28201

Posted 4 months ago

Job Description:

The Business Control Specialist, in the Bank as Service Provider - Service Organization Controls Support role, provides analytical support and fulfillment of inquiries from the Bank's external auditors. In this role, you will manage auditor inquiry response to timely completion, perform evidence reviews, research exceptions and communicate risk related issues to Management.

You are responsible for interacting with all levels of Management, as well as control partners across the Company, to:

  • Work with external auditors to clearly define the requirements needed to fulfill audit inquiries

  • Identify most appropriate means to fulfill the audit need

  • Identify compensating controls to meet a control objective

  • Ensure appropriate subject matter experts are engaged

  • Act as a liaison between the technology control owners and auditors

  • Review materials provided to ensure fulfillment of the audit inquiry

  • Identify issues presented in audit response materials and escalate to Management

  • Ensure timely and accurate fulfillment of external audit inquiries

Required Skills

  • Strong analysis and fact-based decision-making

  • Ability to communicate complex information in simple terms (oral and written)

  • Strong organization skills with the ability to prioritize requests and workload accordingly

  • Understand audit evidence requirements

  • Ability to identify risks from reviewing audit documents

  • Ability to identify compensating controls to meet a control objective

  • Must be detail oriented

  • 5+ years' experience in internal or external IT Audit is preferred.

Posting Date: 09/06/2018

Location: Charlotte, NC, 201 N TRYON ST (NC1022), Addison, TX, 16001 N Dallas Pkwy (TX8044), - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Sr Risk Analyst


Posted 6 days ago

VIEW JOBS 12/6/2018 12:00:00 AM 2019-03-06T00:00 Position Description Key activities for the role include but are not limited to: Work with process owners and subject matter experts to facilitate risk assessments and review of business processes to ensure controls are defined and implemented to mitigate risk. As issues are identified, will work with process owners to document issues and determine action plans, and maintain reporting and tracking of issues. Work closely with Independent Risk Management to assess regulatory change, preform scenario analysis, monthly reporting of KRM's, execution of the RCSA process and adherence to updated policies, standards and procedures. The position requires attention to detail and the ability to learn to navigate various systems and internal tools. Job Responsibilities The senior risk analyst's responsibilities will include, but not be limited to: * Assist with development and/or maintenance of new policies, standards, and procedures based on impacts from Citadel and evolving industry standards. * Assist with and preparing presentation decks for Business Line Risk and Independent Risk Management routines on a monthly basis. * Assist with the Issues Management program which includes leading issue definition and risk rating sessions, performing cross-impact analysis of root cause for issues, assess root cause themes identified by other BLs, gather and review supporting evidence of completed action plan steps, review and challenge MAIRs prior to submission and assist in monthly reporting and issue updates within OpenPages/Archer. * Assist in Scenario Analysis by coordinating with key business partners and documenting the impact analysis to the business. * Consolidation of monthly reporting of KRMs for the business, facilitating documentation of data flows/data governance process and coordinating Quality Assurance (QA) reviews of Key Risk Metrics. * Assist with RCSA program by participating in scoping sessions, facilitating the process assessment working sessions, entering data into the enterprise system and develop reporting based on overall results. * Assist with execution of and/or participation in incident response activities, including key metric and customer response tracking Qualifications * A minimum of 3 years of risk and/or compliance experience * Detail-oriented, deadline driven, self-directed and organized individual * Strong analytical and critical thinking skills * Financial Services Industry or Auto loan servicing industry experience a plus * Excellent presentation and communication skills required * Strong interpersonal skills and experience in working across organizational boundaries * Strong working experience with Microsoft Office applications (Word, Excel, and Powerpoint) Ally Overview Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies. Business Unit/Enterprise Function Ally Bank is a direct bank in the U.S. that offers a straightforward approach to banking with no minimum deposit required to open an account, no monthly maintenance fees and 24/7 live customer care. A subsidiary of Ally Financial Inc. and member FDIC, the bank offers online savings, interest checking, money market accounts, certificates, and IRA Plans and products. Ally Bank has been named "Best Online Bank" for five of the past seven years by MONEY® Magazine. Total Rewards Information Ally's compensation program offers market-competitive base pay and bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid time-off program with an emphasis on work-life balance. Ally offers a variety of benefits to protect your health and well-being, provide financial security and balance your work-life needs including: * Industry-leading 401K Retirement Savings Plan including Matching and Company Contributions * Comprehensive wellness program with financial incentives designed to help you achieve your best health * Flexible health insurance options including dental and vision * Pre-tax Health Savings Account with generous employer contributions * Pre-tax dependent care and commuter benefits * Other work-life integration benefits including Paid Parental & Caregiver Leave, Adoption Assistance, Back-up Child & Adult/Elder Care, Child Care Discounts, Tuition Reimbursement, LifeMatters Employee Assistance Program, Weight Watchers and other employee discount programs Ally is an Equal Opportunity Employer We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law. 3F Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled Ally Charlotte NC

Risk Managment Analyst

Bank Of America Corporation