The candidate will support the Process & Risk Management team in mitigating risk across the Global Banking & Markets Anti-Money Laundering (GBAM AML) organization and program.
Directly supports execution and management of the QA Program through various initiatives to drive process improvements and control performance sustainability.
This role requires a strong operational risk and compliance background, Risk Framework (QA Standard) knowledge, and understanding of AML requirements.
Key responsibilities include the following:
Support or lead the implementation of various special projects designed to further mitigate risks and drive operational excellence within the GBAM AML program
Engage with and coordinate LOB process owners and subject matter experts as well as Risk and Compliance partners in the analysis of processes to determine root causes to deficiencies that may require process, risk, and/or control enhancements
Collect and analyze process data in order to identify key risk and mitigating controls, proposing alternate solutions when applicable
Provide support in the completion of Risk and Control Self Assessments (RCSA) or other business control assessments
Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF. Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management. Acts as an ambassador of the risk culture. Incumbents typically have over 5+ years of risk management and/or LOB/ECF experience.
Required Skills and Experience
3-5 years of QA Management, PRC, RCSA, or other similar business control experience
Working knowledge of Global Banking & Markets
Understanding of AML requirements and Enterprise Standards
Process improvement and data analysis experience
Must have desire and ability to learn new technology tools and applications
Acute attention to detail
Excellent organizational skills
Strong communication skills and "how" competencies to effectively work with process owners, process designers, and business partners
Proficient in Microsoft Office applications, including intermediate Excel, SharePoint and WebEx skills
Bachelor's degree in related field or equivalent experience
Six Sigma and/or statistical analysis experience
ORCIT user experience
Working knowledge of Risk Framework
Operational Excellence experience
1st shift (United States of America)
Hours Per Week:
Bank Of America Corporation