• Job Description

  Req#: 25021362

  Job Description:

  At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

  Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

  Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

  At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

  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.

  The Senior Business Controls Specialist (Regulatory Management Team) will review applicability, complete reviews, and complete subsequent tasks needed to satisfy the FR Y – 14Q Schedule H.1 for Corporate loan data.

  ** Will consider other Enterprise Credit locations **

  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

  • Maintain and self-manage a pipeline of work requiring review of loan approvals, agreements, and coordination with coverage teams to meet submission deadlines.

  • Analyze loan structure and apply both regulatory and internal guidance to satisfy the 14Q CORP requirements

  • Providing guidance and coaching on requirements necessary to ensure adherence with internal policy and designated regulation

  • Participating with work team developing updates and training to any Front Line Unit (FLU) procedures for the designated regulation

  • Serve as a point of contact and SME in partnering with, Operations, Legal, Audit, and Control Partners on annual assessments and Exams

  Required Qualifications:

  • 3+ years’ experience in risk management, compliance, operational controls and/or LOB underwriting or operations

  • Experience solving complex problems

  • Proficient in Outlook, Excel, SharePoint, PowerPoint and WebEx skills

  Desired Qualifications:

  • Working knowledge of regulatory reporting schedules

  • Familiarity with commercial/corporate loan agreements

  • Experience in Commercial Banking, credit underwriting, monitoring and collateral analysis and familiar with credit policy and procedures

  • Regulatory, audit, and/or issue management experience

  Skills:

  • Controls Management

  • Issue Management

  • Monitoring, Surveillance, and Testing

  • Quality Assurance

  • Risk Management

  • Analytical Thinking

  • Attention to Detail

  • Critical Thinking

  • Problem Solving

  • Written and Oral Communications

  • Decision Making

  • Innovative Thinking

  • Prioritization

  • Recording/Organizing Information

  • Research

  • Multi-tasking

  • Data Accuracy

  • Collaboration

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

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