Business Strategy and Initiative Consultant

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Job Description:
The Business Strategy and Initiatives Consultant leads diverse business operations/business control functions within Enterprise, LOB or ECF Compliance functions. Functions that are managed may include: financial oversight & integration, compliance process oversight, staffing process execution, service quality, process improvement, business continuity, SPOC control, workplace management and communication. This role may consult with senior management to define and lead projects that encompass and impact many employees. The Business Strategy and Initiatives Consultant requires a thorough knowledge of the department or business unit's functional area. This role assists with execution of key strategic initiatives and participates in business/strategic planning process within Enterprise, LOB or ECF Compliance functions. The Business Strategy and Initiatives Consultant has a working knowledge of general bank policies, programs and procedures.

Responsibilities:

• Coordinating responses to audit or regulatory issues and exam management planning
• Leading projects to ensure compliance with operational risk management requirements, including procedure documentations
• Work with delivery owners/SMEs across department and locations to ensure that deliverables and milestone deadlines are met, documented and timely updates are communicated to relevant stakeholder groups
• Build robust issue tracking process to manage all expected deliverables.
• Required to pro-actively drive forward strategic work-stream deliverables.
• Work with delivery owners/SMEs across department and locations to ensure that deliverables and milestone deadlines are met, documented and timely updates are communicated to relevant stakeholder groups.
• Partner with Technology groups and establish relevant controls to ensure all critical dependencies, configurations, etc are identified, understood and managed.
• Write business specifications for technology required builds and/or enhancements.
• Challenge existing processes to develop synergies, ensure alignment, and/or stronger controls.
• Create presentations/documents on key strategic initiatives and be able to succinctly show-case the work performed to a Senior Management audience.
• Address data gaps, execution of tactical and strategic solutions.

Required Qualifications:

• Basic understanding of risk and/or traded products, or prior Capital Markets experience
• Familiarity with Basel and other regulatory requirements with an appreciation of issues impacting industry participants.
• Strong documentation and presentation skills
• Excellent ability to communicate complex issues clearly and concisely
• Strong technical skills, with experience with JIRA, Excel, PPT, Visio, SharePoint and Access
• Ability to work both as part of a team and independently with keen attention to detail
• Strong analytical mindset with attention to detail in work and ability to work with minimal supervision
• Traded Products knowledge, with exposure to Credit Risk and Basel Rules will be an advantage
• Advanced proficiency in JIRA, SharePoint, MS Project, MS Excel and MS PowerPoint is required, with meticulous attention to detail and report presentation

Desired Qualifications:

• Project management experience a plus

• Previous work experience in an Investment Banking, Finance, Risk Management, or Data Reporting will be highly regarded

Skills:

• Adaptability
• Attention to Detail
• Collaboration
• Prioritization
• Relationship Building
• Administrative Services
• Business Acumen
• Reporting
• Technical Documentation
• Written Communications
• Critical Thinking
• Policies, Procedures, and Guidelines Management
• Process Management
• Risk Management

Shift:

Hours Per Week: