Assistant Vice President, Business Control Specialist, Global Banking Operations Risk and Business Controls

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 a diverse and 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.

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

Your background

• Bachelor’s degree or equivalent experience.
• Minimum 3-5 years working experience in banking industry.
• Prior experience and good understanding of risk management principles and control framework will be an advantage.

Required Skills

• Good analytical, logical reasoning and problem-solving skills to analyze data, identify trends and understand root cause of issues.
• Excellent communication skills with the ability to build strong relationships and collaborate with various stakeholders and geographies.
• Project management skills will be beneficial.
• Ability to prioritize workload and manage deliverable timeline.
• Ability to work independently and take initiative while also being a team player.
• Proficient in using data or relevant software applications and tools.

What you can expect

Global Banking Operations is seeking to expand its services & infrastructure in Asia. The business is looking for dynamic and talented individuals to support the strategy in order to meet the growth demands from clients and client management groups in the product areas of Payments/Wire, Trade & Credit Services, Bank Notes, Commercial cards etc.

We are currently seeking a Business Control Specialist to join our team.

Working with 12 countries and 19 Branches, together with a team located in 6 different countries in APAC, your role is to implement new automated Testing, perform validation of the control’s effectiveness of GBO processes in the region. The role offers an opportunity to gain experience and help enhance controls around Payments, Cash, Deposits, Trade Finance and Credit Operations processes across the APAC region.

It is also the perfect path to a greater understanding of the activities that form part of a Service & Fulfillment and Operations organization, learning the flow all the way from client implementation and onboarding, opening new accounts, to a successful processing of their transactions. 

This role offers huge learning opportunities and opens a path into potential new avenues within the Global Banking Operations and the wider organization.

What you will do  

• Perform deep-dive review on controls adherence of various processes in APAC GBO independently within the project timeline.
• Ability to leverage excel / macro skillsets to establish automated review of reports and perform data analysis efficiently to identify anomaly and exception will be an added advantage.
• Support Risk Leads to create and update existing review checklist to prepare for upcoming audit, exam and assessment.
• Perform horizontal review of APAC GBO processes to identify gaps and improvement opportunities across all APAC countries.
• Early escalation of control deficiencies and process gaps to discuss with Risk Leads and APAC GBO leads, recommend controls improvement and track closure of all remediation actions.
• Support Risk leads to raise Self-Identified issues (SII) identified from horizontal review and preparation work
• Track progress of Audit, exam and assessment and update status of all engagements in system of records.
• Perform routine management reporting of preparation work, horizontal review and ongoing engagements from control functions. 
• Maintain up-to-date working knowledge of the bank’s client access products/services, payment and trade capabilities, internal operations, and local practices.
• Support in the continuous improvement in the review and validation process.