GCIB Business Controls – Operational Event and Business Supervision Programs, VP/Associate

Bank of America; New York (NY); On-site; USD 79,000 - 153,000; Full time

Job summary

A leading financial institution seeks a VP/Associate in GCIB Business Controls to oversee operational event programs and ensure compliance in a dynamic environment. Candidates will be responsible for implementing governance processes and collaborating with various departments to improve business controls. Strong analytical and communication skills, alongside a solid academic background, are essential. This role offers a competitive salary and benefits package, fostering professional growth and development.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligible

Qualifications

• Strong academic background or equivalent experience.
• Good IT skills, especially in PowerPoint and Excel.
• Exceptional relationship management skills.

Responsibilities

• Support business controls activities and governance for operational events.
• Create oversight for Front Line Unit controls and processes.
• Participate in governance routines and internal/external exams.

Skills

Analytical skills

Communication skills

Organizational skills

Critical thinking

Relationship management

Education

Strong academic background or equivalent experience

Tools

MS Office

PowerPoint

Excel

Job description

GCIB Business Controls – Operational Event and Business Supervision Programs, VP/Associate page is loaded

GCIB Business Controls – Operational Event and Business Supervision Programs, VP/Associate

Apply locations New York time type Full time posted on Posted 2 Days Ago job requisition id 25023104

Job Description:

Business Overview

Our Global Corporate & Investment Banking business focuses on building long-term relationships with more than 6,000 large U.S. and multinational corporations, financial institutions and financial sponsors. We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions.

Job Description

The role revolves around undertaking and supporting business controls activities in the Global Corporate and Investment Banking (“GCIB”) Business Controls organization, specifically for the Operational Event and Business Supervision Programs.Candidate would provide coverage for the implementation and governance of both internal and external operational event programs and act as a coordinator within GCIB Business Controls. Candidate will support intake, review, reporting and quality assurance programs in adherence with GCIB Operational Event standards. Additionally, the Candidate would provide coverage for the Business Supervision program with a focus on the Investment Banking line of business.

Candidate must be able to thrive in a fast-paced and high-pressure environment while ensuring the Line of Business (“LOB”) is in compliance with applicable laws/rules, regulations and implementing industry best practices. Business Controls Officer (“BCO”) responsibilities include, but not limited to:

• Creating, enhancing and oversight of Front Line Unit (“FLU”) controls and processes that create the framework that makes up the business operating environment.
• Implementing Operational Event Program routines including consistent and comprehensive collection of operational event data, quality control review, report generation and adherence to both Internal and External Loss Data programs.
• Performing GCIB centralized functions and controls routines (e.g., BCO led Quality Assurance (“QA”) routines)
• Maintaining global transparency and consistency (and regional customization where appropriate) of business controls driven processes/controls, including enhancement of associated documentation (e.g. procedures/guidelines, etc.); Includes understanding corresponding policies to local laws/rules/regulations
• Participating in LOB and programmatic governance routines and internal/external exams, including preparing documentation, contributing towards meeting materials, and presenting to senior business and support/control partner leaders (and regulators as required)
• Partnering with GCIB COO teams to supporting LOB on internal exams (e.g., audits, targeted risk assessments, etc.) and external regulator meetings/exams, including preparing LOB leaders for meetings, providing exam responses and documentation, and presenting to auditors, risk, regulators as required.
• Collaborating with LOB and Control/Support Partner groups (Operations, Legal and Compliance, Finance, Risk, Technology, HR, Audit) to ensure end-to-end processes for all client and deal/transactional activity are controlled, including working with these partners to improve the quality of supervisory reporting/tools and FLU controls/monitoring processes
• Undertaking Business Controls program-wide and large scale Cross GCIB initiatives to enrich the GCIB control framework, including ownership of identification through resolution of Audit Issues and performance of deep-dives to identify control weaknesses or gaps in processes/activities requiring remediation; Includes maintaining thorough documentation through the course of projects in order to present project progress updates and results to GCIB senior management (e.g., PowerPoint Presentations are a common request)
• Drive execution of additional ad-hoc strategic initiative routines for GCIB’s Business Controls Organization as needed (e.g., supporting the LOB Supervision Program)

Requirements

• Strong academic background or equivalent experience
• An understanding of Global Corporate and Investment Banking products, services and processes
• Good IT skills (e.g., MS Office tools), especially PowerPoint and Excel, and the ability to develop ad hoc solutions
• Ability to run complex tasks and deploy collaborative and analytical approaches
• Strong organizational, analytical and communication skills. Exceptionalrelationshipmanagement skills –ability to be comfortable liaising with Senior Business Controls Management, Line of Business Management, and control functions (e.g. Compliance, Audit, Technology, Operations, Human Resources, etc.) to identify potential improvements, develop strategies to implement change, and oversee/manage implementation.
• May be asked to complete/obtain local licenses

Profile/Skills

• Self-motivated and results oriented with strong desire to succeed
• Takes initiative and demonstrates focused desire to drive improvements, including able to deliver results with limited direction and supervision
• Professional approach with a clear and logical thought process and attention to detail
• Shows initiative and reacts quickly to changes in priorities with the ability to quickly learn new processes and procedures
• Excellent verbal and written communication skills (including presentation skills) with ability to simplify complex information into messages targeted to both targeted groups and large audiences, including various levels of leadership
• Excellent critical thinking/problem solving skills
• Ability to make recommendations and provide guidance to effectively advance projects across a globally integrated enterprise

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$79,100.00 - $152,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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