Job Description:

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.

At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.

Job Description:

This job is responsible for driving and executing on 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.

As a Wealth Management (WM) Anti-Money Laundering (AML) Sr. Business Control Specialist you will have a supporting role and work closely with other WM AML team members to monitor and oversee risks associated with WM clients. Additionally, in the role you will build AML expertise and an understanding of the regulatory requirements related to client due diligence.

A strong contributor with the right level of experience, ability to challenge and influence stakeholders at all levels in the organization, and with excellent analytical and critical thinking skills, and a process improvement mind-set. This role will primarily focus on managing risk, ensuring quality results for certain AML processes. You will be responsible for delivering quality analysis with accurate recommendations for client escalations and continuously analyzing processes for efficiencies.

Responsibilities:

• Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
• Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
• Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness
• Performs QA activities including executing on controls, managing cases, and reporting results
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success
• Supports 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 reporting
• Have ability to work in a fast paced, cross-functional environment.
• Excellent communication skills (verbal and written) are needed for presentations and performing the daily responsibilities.
• Navigate across the enterprise and build relationships with stakeholders.
• Be able self-sufficient and able to utilize resources to perform the job.
• Experience in analysis and management of proprietary, sensitive and/or confidential data.
• An analytical mindset with the ability to consider risk as it relates to the role responsibilities.
• Expertise to recognize potential risk and escalate timely to management.
• Be highly motivated and tenacious; perseverant and resilient in pursuing objectives despite challenges.
• Candidate should be proactive, well organized and results-oriented.
• Interpersonal skills to engage with team members and uphold a healthy culture across the team that sits within multiple physical locations.
• Minimum five (5) years in the financial services industry.
• Minimum two (2) years in AML Compliance and/or Compliance and/or legal, audit, risk management role.

Desired Skills:

• Controls Management
• Issue Management
• Monitoring, Surveillance, and Testing
• Quality Assurance
• Risk Management
• Analytical Thinking
• Attention to Detail
• Critical Thinking
• Problem Solving
• Written Communications
• Decision Making
• Innovative Thinking
• Prioritization
• Recording/Organizing Information
• Research

Shift:

Hours Per Week: