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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!
Enterprise Job Description:
The Sr. Business Control Specialist is part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This position will be responsible for providing regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products. This position provides regulatory expertise and guidance for several regulations including, but not limited to, Fair Lending, Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA); as it relates to external exams, internal audits, issue and project engagement, monitoring and metric oversight and reporting. This role influences and provides direction to the front line units. Incumbents typically have over 3+ years of risk management and/or FLU/ECF experience.
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.
Required Qualifications:
• Demonstrated ability to think strategically and execute tactically.
• High attention to detail and strong organizational skills with the ability to prioritize requests and workload accordingly.
• Ability to read and understand regulatory requirements, anticipate risks, and summarize key information
• Influence across the organization and diverse audiences
• Strong written and verbal communication skills
• Self-starter with excellent anticipation skills, problem solving, follow-up
• Demonstrated dependability and ability to act with a sense of urgency
• Ability to work in a fast paced and complex environment
• Ability to deal with sensitive data and maintain confidentiality
• Ability to identify risks and ways to mitigate those risks
• Exhibits strong relationship management and interpersonal skills
Desired Qualifications:
• Mortgage lending regulation expertise, specifically related Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA)
• Process Improvement and/or data analysis experience
• Capable of performing complex analyses and formulating solutions independently
• Experience with root cause analysis
Responsibilities:
Skills:
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role