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Sr. Business Control Specialist, Core Technology Infrastructure

Richmond, Virginia;

Job Description:

Bank of America's Core Technology Infrastructure Organization....

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully

  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals

  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience

  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs

  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital

                               
ROLE OVERVIEW:

The primary role of Business Control Specialist will be leading the management of risk for the CTI organization by partnering with the leadership and their teams to apply subject matter expertise to support a culture of risk identification, escalation and timely mitigation of compliance and operational risks across multiple risk disciplines including Issue Management, Operational Losses, Fraud and Model risk mitigation.  This roles has specific responsibility for providing governance and oversight of CTI aligned operational losses, models and fraud.

Incumbent will be responsible to solve problems analytically by applying a mixture of risk and technology expertise to perform risk assessments, identify root causes in support of the technology control activities, and drive risk reduction in the respective technology teams. The role requires strong communication and leadership skills, candidates are required to drive collaboration with teammates across organizations (Technology, Audit, GIS etc.) and with the leadership team to identify opportunities to improve. 


KEY RESPONSIBILITIES:

Provide guidance, support and direction for CTI teams to ensure risk matters are addressed and required attestations are completed in accordance with established risk routines and framework principles. This includes:

  • Immerse into the routines and monitor activities of the organizations support to identify potential risks and engage in risk dialogue

  • Lead and/or participate in Meetings/forums with the SLT and their DRs to represent/advise on relevant risk topics

  • Establish routines necessary to provide governance and oversight of Internal Operational Loss Event Data, Models and Fraud to ensure adherence to the supporting policies and standards

  • Execution of Operational Loss program including root cause analysis, escalations for root cause debate, reviewing and advising on appropriate alignment of operational loss items to PRC Enter and updating ORCIT records for Ops Losses aligned to CTI

  • Escalation and coordination to deliver SLA adherence, policy enhancements, operational loss event ownership

  • Drive discussion, debate and final decisions for operational loss root cause, action steps, and ownership across technology and non-technology divisions

  • Ensure visibility of risks and performance through reporting and escalation to CTI senior leadership

  • Coordinate activities to meet requirements for operational loss, models and fraud attestations

  • Escalate Risks as needed to ensure appropriate risk mitigation outcomes

  • Ensure awareness of the status of key risk-related deliverables, including escalations or concerns

  • Highlight and enable awareness of risk-related initiatives or efforts that impact the SLT teams

  • Drive all aspects of risk issue development and documentation, from identification and engagement to approval

  • Engage in problem management activities to identify potential risks


REQUIRED MINIMUM QUALICATIONS:

  • Minimum of 5 years leveraging Risk Analysis skills (data and process)

  • Strong Power Point Skills

  • A professional history of effective and concise communication skills including executive escalations and influence

  • Knowledge of the Bank of America risk framework tenants

  • Project management and meeting management expertise

  • Familiarity with technology and operations at Bank of America

  • Familiarity with the risk disciplines including Issue Management, Operational Losses, Fraud and Model risk mitigation

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America's Core Technology Infrastructure Organization....

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully

  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals

  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience

  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs

  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital

                               
ROLE OVERVIEW:

The primary role of Business Control Specialist will be leading the management of risk for the CTI organization by partnering with the leadership and their teams to apply subject matter expertise to support a culture of risk identification, escalation and timely mitigation of compliance and operational risks across multiple risk disciplines including Issue Management, Operational Losses, Fraud and Model risk mitigation.  This roles has specific responsibility for providing governance and oversight of CTI aligned operational losses, models and fraud.

Incumbent will be responsible to solve problems analytically by applying a mixture of risk and technology expertise to perform risk assessments, identify root causes in support of the technology control activities, and drive risk reduction in the respective technology teams. The role requires strong communication and leadership skills, candidates are required to drive collaboration with teammates across organizations (Technology, Audit, GIS etc.) and with the leadership team to identify opportunities to improve. 


KEY RESPONSIBILITIES:

Provide guidance, support and direction for CTI teams to ensure risk matters are addressed and required attestations are completed in accordance with established risk routines and framework principles. This includes:

  • Immerse into the routines and monitor activities of the organizations support to identify potential risks and engage in risk dialogue

  • Lead and/or participate in Meetings/forums with the SLT and their DRs to represent/advise on relevant risk topics

  • Establish routines necessary to provide governance and oversight of Internal Operational Loss Event Data, Models and Fraud to ensure adherence to the supporting policies and standards

  • Execution of Operational Loss program including root cause analysis, escalations for root cause debate, reviewing and advising on appropriate alignment of operational loss items to PRC Enter and updating ORCIT records for Ops Losses aligned to CTI

  • Escalation and coordination to deliver SLA adherence, policy enhancements, operational loss event ownership

  • Drive discussion, debate and final decisions for operational loss root cause, action steps, and ownership across technology and non-technology divisions

  • Ensure visibility of risks and performance through reporting and escalation to CTI senior leadership

  • Coordinate activities to meet requirements for operational loss, models and fraud attestations

  • Escalate Risks as needed to ensure appropriate risk mitigation outcomes

  • Ensure awareness of the status of key risk-related deliverables, including escalations or concerns

  • Highlight and enable awareness of risk-related initiatives or efforts that impact the SLT teams

  • Drive all aspects of risk issue development and documentation, from identification and engagement to approval

  • Engage in problem management activities to identify potential risks


REQUIRED MINIMUM QUALICATIONS:

  • Minimum of 5 years leveraging Risk Analysis skills (data and process)

  • Strong Power Point Skills

  • A professional history of effective and concise communication skills including executive escalations and influence

  • Knowledge of the Bank of America risk framework tenants

  • Project management and meeting management expertise

  • Familiarity with technology and operations at Bank of America

  • Familiarity with the risk disciplines including Issue Management, Operational Losses, Fraud and Model risk mitigation

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21051889

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Kimberly Rohn

Referral Bonus:

0