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Senior Business Control Specialist – GBAM AML Monitoring & Inspection

Charlotte, North Carolina;

Job Description:

The successful candidate will work closely with the Monitoring and Inspection execution and design teams, as well as the process teams within the financial crimes compliance program to implement robust controls and process enhancements as identified through inspection results. In this role you will also provide support for monthly control execution within a LOB/ECF and directly support execution and management of the QA Program through various initiatives to drive process improvements and control performance sustainability.

Ideally you will have a substantial operational risk and compliance background, Risk Framework (QA Standard) knowledge, and understanding of AML requirements.  

Responsibilities include but are not limited to:

  • Engaging and coordinating reviews with LOB process owners, subject matter experts, and Compliance partners to analyze processes deficiencies for root cause, which may require control enhancements
  • Executing Monitoring and Inspection activities including control execution, case assignment, and results reporting in a timely manner.
  • Conducting or coordinating quality reviews to ensure associate performance and control effectiveness.
  • Supporting initiatives to enhance Monitoring and Inspection program success (from design to implementation).
  • Providing support on Regulatory Exams, Internal Audits and other reviews conducted.
  • Capturing data and information relevant to inspection metrics to support governance activities for dashboard reporting.

Required Skills:

  • Previous experience in Quality Assurance testing or other similar business control experience
  • Working knowledge of Global Banking and Markets
  • Ability to critically think and problem solve when roadblocks arise
  • Excellent communication abilities, organizational skills, and attention to detail
  • Ability to prioritize effectively and to work independently with minimal supervision.
  • Ability to organize data for executive level reporting
  • Proficient computer/software skills - Experience with Microsoft Word, Excel, Power Point, Outlook, SharePoint, etc.

Desired Skills:

  • Working knowledge of Risk Framework
  • ACAMS certification
  • Previous work experience in one or more of the following areas: risk, compliance, audit and/or sales
  • Foundational knowledge of general bank policies, specific to data and privacy

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organization understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The successful candidate will work closely with the Monitoring and Inspection execution and design teams, as well as the process teams within the financial crimes compliance program to implement robust controls and process enhancements as identified through inspection results. In this role you will also provide support for monthly control execution within a LOB/ECF and directly support execution and management of the QA Program through various initiatives to drive process improvements and control performance sustainability.

Ideally you will have a substantial operational risk and compliance background, Risk Framework (QA Standard) knowledge, and understanding of AML requirements.  

Responsibilities include but are not limited to:

  • Engaging and coordinating reviews with LOB process owners, subject matter experts, and Compliance partners to analyze processes deficiencies for root cause, which may require control enhancements
  • Executing Monitoring and Inspection activities including control execution, case assignment, and results reporting in a timely manner.
  • Conducting or coordinating quality reviews to ensure associate performance and control effectiveness.
  • Supporting initiatives to enhance Monitoring and Inspection program success (from design to implementation).
  • Providing support on Regulatory Exams, Internal Audits and other reviews conducted.
  • Capturing data and information relevant to inspection metrics to support governance activities for dashboard reporting.

Required Skills:

  • Previous experience in Quality Assurance testing or other similar business control experience
  • Working knowledge of Global Banking and Markets
  • Ability to critically think and problem solve when roadblocks arise
  • Excellent communication abilities, organizational skills, and attention to detail
  • Ability to prioritize effectively and to work independently with minimal supervision.
  • Ability to organize data for executive level reporting
  • Proficient computer/software skills - Experience with Microsoft Word, Excel, Power Point, Outlook, SharePoint, etc.

Desired Skills:

  • Working knowledge of Risk Framework
  • ACAMS certification
  • Previous work experience in one or more of the following areas: risk, compliance, audit and/or sales
  • Foundational knowledge of general bank policies, specific to data and privacy

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organization understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21054686

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Gweneth Leuther Karas

Referral Bonus:

0