Sr Business Control SpecialistQa Program Management

Bank Of America Corporation Dallas , TX 75201

Posted 3 months ago

Job Description:

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

Enterprise Description:

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

Desired 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:

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

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
Business Risk And Control Senior Associate Third Party Risk Management

Wells Fargo

Posted Yesterday

VIEW JOBS 2/16/2020 12:00:00 AM 2020-05-16T00:00 Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. Wholesale Third Party Risk: Business Process is seeking seasoned Business Risk and Control Sr Associate (ORC4). Key responsibilities will include but are not limited to: The Business Risk and Control team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. * Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function. * Consults and provides guidance to business groups on the development, implementation, and monitoring of moderately complex business-specific programs to identify, assess, and mitigate risk. * Consults and provides support in the interpretation of policy, guidelines, and governance programs as the front line liaison to independent Risk Management area for moderate to high risk and complexity enterprise risk programs. * Provides risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements. * Develops and implements risk monitoring and risk reporting processes and controls. * Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports results and escalates where necessary. * Designs and executes control effectiveness assurance programs for Front Line-owned controls. * Consults and implements initiatives with moderate to high risk. * Internal interface with business regarding risk management of business-specific risk programs. * Limited to no external interaction. * Does not manage other team members. Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements. Required Qualifications * 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management Desired Qualifications * A BS/BA degree or higher * Ability to interact with all levels of an organization * Ability to work effectively in virtual environment where key team members and partners are in various time zones and locations * Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members * Advanced Microsoft Office skills Other Desired Qualifications * Experience with Supply Chain, Reviewing contracts, work with third party vendors * Experience writing policies * Experience with Archer systems * Experience with multiple Operational Risk programs * Strong experience in working on large scale initiatives that cross lines of business and functional areas * Strong experience with Wells Fargo Third Party Risk Management program (TRIMS, esourcing) policies and tools * Experience identifying risks and issues, and determining effectiveness of assessments and mitigation plans * Ability to implement a solution and communicate, in clear business terms, the benefits of the proposed risk management approach Street Address NC-Charlotte: 301 S Tryon St - Charlotte, NC MN-Saint Louis Park: 435 Ford Rd - Saint Louis Park, MN AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ GA-Atlanta: 3579 Atlanta Ave - Atlanta, GA TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX CO-Denver: 1700 Lincoln St - Denver, CO TX-San Antonio: 4101 Wiseman Blvd - San Antonio, TX UT-Salt Lake City: 299 S Main St - Salt Lake City, UT Disclaimer All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. Wells Fargo Dallas TX

Sr Business Control SpecialistQa Program Management

Bank Of America Corporation