Risk Framework Business Control Manager
Company: Disability Solutions
Location: Boston
Posted on: May 3, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:The Business Control Manager is
an experienced well-rounded professional, who is responsible for
execution, management and support of Private Bank's Risk Framework,
Audit issue activities, self-assessments, including assisting in
managing Single Process Inventory initiatives.Responsibilities:
- Leads the assessment of the design and effectiveness of the
risk and control environment to support Client Operational Services
and ensure adherence to enterprise-wide standards
- Performs monitoring and testing of controls, identifying issues
and control improvements for remediation
- Leads the implementation of optimized controls and enhanced
Quality Assurance (QA) practices to support business continuity
efforts
- Manages the performance and productivity of team members that
conduct quality inspection reviews
- Ensures timely execution of QA activities including control
execution, case management, and results reporting
- Manages and reviews all operations front line unit responses
for regulatory exams, internal audits, and other monitoring and
inspection reviews
- Ensures accuracy of data and that relevant information is
captured for inspection metrics to support governance for dashboard
reporting
- Design, manage and prepare remediation plans for AML and
broader Supervision & Controls Quality Assurance, business testing
and relevant metrics
- Serve as a single point of contact for an underling Private
Bank Enterprise Reporting Hierarchy (e.g., Private Bank Financial
Crimes) on all items in the risk framework and audit issues,
including:
- Ensure process adherence to Risk and Control Framework and
Enterprise Process Management Procedure
- Project manage process mapping sessions
- Assist with development of commentary for breached metrics
- Provide routine reporting and executive level summary on
process performance to process owners
- Monitor process performance assess control effectiveness
ratings
- Assist in audit issue management (issue summaries, thematic
analysis, action plan development and evidence review)
- Lead on integration with process and product risk assessment
governance
- Serve as expert on completing root cause analysis on gaps
within the risk framework such as operational losses, audit issues
assessment, control gaps in SPI and self-assessments prior to exam
activity
- Lead Process Rating reviews and assessments, while partnering
and influencing process owners
- Lead on liaison with ETU/EIT test alignment to SPI and
centralized oversight for tests
- Coordinate integration of risk framework assessments (i.e.,
RCSA), self-assessments in advance of scheduled exams and product
assessmentsDesired Skills:
- Strong relationship management skills to build and maintain
credibility and influence with support partners, leadership and
stakeholders
- Detail oriented with ability to interpret data and compile it
into value-added information for leaders
- Strong knowledge of business controls and risk framework, not
afraid to challenge others
- Strong leadership, communication and presentation skills
- Proficient in Microsoft Office Suite (Excel, PowerPoint)
- Ability to drive results, adapt to fast-paced environment, and
build relationships across multiple businesses and/or business
partners
- Demonstrated passion for intellectual curiosity and accuracy as
well as the ability to research issues and identify root cause and
patterns
- Self-starter; strong sense of ownership & ability to create and
execute plans
- Understanding of the Process Owner Portal (POP)
- ARIS Process mapping experienceKey Abilities:
- Audit background desired
- ORCIT/Key Measures experienceSkills:
- Controls Management
- Oral Communications
- Risk Management
- Stakeholder Management
- Strategy Planning and Development
- Continuous Improvement
- Drives Engagement
- Influence
- Strategic Thinking
- Talent Development
- Data and Trend Analysis
- Decision Making
- Monitoring, Surveillance, and Testing
- Problem Solving
- Quality AssuranceShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Quincy , Risk Framework Business Control Manager, Executive , Boston, Massachusetts
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