Sr Business Control Specialist – ETS Risk Evaluations Strategy Lead

Bank of America; Dallas (TX); On-site; USD 75,000 - 105,000; Full time

Job summary

Bank of America is seeking a Sr Business Control Specialist in Dallas, Texas, to enhance risk evaluation strategies. This role involves analyzing and monitoring internal controls, leading efforts to maintain operational excellence within a dynamic financial environment.

Qualifications

• 1+ years of Audit or Risk Evaluation related experience.
• Familiar and proficient with POP / SPI management.
• Strong analytical and reporting experience.

Responsibilities

• Provide analytical support in executing internal control discipline.
• Monitor and test the effectiveness of key controls.
• Prepare documentation for tracking and escalation of risk-related issues.

Skills

Critical Thinking

Written and Verbal Communications

Research

Controls Management

Monitoring, Surveillance, and Testing

Tools

Microsoft OneNote

Microsoft Word

Microsoft Outlook

Microsoft PowerPoint

Microsoft Excel

SharePoint

Job description

Sr Business Control Specialist – ETS Risk Evaluations Strategy Lead

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!

Line of Business Job Description

The Risk Evaluation team within ETS Business Controls functions to validate control effectiveness and audit readiness for ETS front-line units by doing the following:

• Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF.
• Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans.
• Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management.
• Acts as an ambassador of the risk culture. Incumbents typically have over 5+ years of risk management and/or LOB/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.

Line of Business Responsibilities:

• Develops Evaluation Strategy and assigns assessments to the team
• Conducts research as needed to accurately forecast the evaluation schedule
• Interacts with FLU partners, executives, and the internal team as needed to socialize and gain consensus on the evaluation approach
• Review and retrieval of SPI information as an input to the team evaluation scope strategy
• Facilitates the tactical aspects of the evaluation process
• Ensures execution of the evaluation strategy as planned; handles any changes with subsequent communication as needed
• Participates in the evaluation end to end, providing input on both content and approach as needed
• Completes the control coverage adequacy plan and shares the output of it with senior leaders
• Assists with training others on evaluation tasks (i.e., test script drafting, evidence review, and research etc.)
• Backs up manager in their duties as needed.
• Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards.
• Supports the testing of controls by evaluating data to identify issues and control improvements for remediation.
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness.
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success.

Line of Business Skills:

• Critical Thinking
• Written and Verbal Communications
• Research
• Controls Management
• Monitoring, Surveillance, and Testing
• Capacity Planning

Line of Business Required Skills & Experience:

• 1+ years of Audit or Risk Evaluation related experience with strong track record of success and demonstrated progression in complexity of assignments.
• 1+ years hands on experience within an ETS FLU
• Ability to work independently and self-manage even with multiple high priority competing tasks.
• Familiar and proficient with POP / SPI management
• Ability to manage multiple tasks successfully and efficiently in a fast paced, regulatory driven environment.
• Strong oral and written communication skills, including the ability to communicate effectively with leadership, Executive, Business partners on a regular basis in a clear and concise manner.
• Effective leader who can lead and execute with a positive, energetic attitude.
• Highly organized and detail oriented
• Experience with interacting/presenting to senior leaders.
• Analytical and Reporting experience
• Demonstrated ability to develop strategies and capability to implement those strategies - tenacity to complete in the face of obstacles and display a 'can do' attitude.
• Comfortable in the role of change agent, ability to think 'outside the box'.
• Demonstrated ability to be detail-oriented on business process concepts.
• Strong analytical and research skills
• Strong problem identification and resolution capabilities
• Results oriented with strong organizational and time management skills.
• Proficient in Microsoft OneNote, Word, Outlook, PowerPoint, Excel, SharePoint

Line of Business Desired Skills & Experience:

• Corporate or regulatory auditor experience
• NCP Certification
• Compliance Regulatory experience
• Business Process experience
• Operations Management
• Oral Communications
• Strategy Planning and Development
• Strategic Thinking
• Decision Making

Hours: Monday - Friday, Flexible – 8-5

Shift:

1st shift (United States of America)

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!

Line of Business Job Description

The Risk Evaluation team within ETS Business Controls functions to validate control effectiveness and audit readiness for ETS front-line units by doing the following:

• Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF.
• Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans.
• Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management.
• Acts as an ambassador of the risk culture. Incumbents typically have over 5+ years of risk management and/or LOB/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.

Line of Business Responsibilities:

• Develops Evaluation Strategy and assigns assessments to the team
• Conducts research as needed to accurately forecast the evaluation schedule
• Interacts with FLU partners, executives, and the internal team as needed to socialize and gain consensus on the evaluation approach
• Review and retrieval of SPI information as an input to the team evaluation scope strategy
• Facilitates the tactical aspects of the evaluation process
• Ensures execution of the evaluation strategy as planned; handles any changes with subsequent communication as needed
• Participates in the evaluation end to end, providing input on both content and approach as needed
• Completes the control coverage adequacy plan and shares the output of it with senior leaders
• Assists with training others on evaluation tasks (i.e., test script drafting, evidence review, and research etc.)
• Backs up manager in their duties as needed.

• Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards.
• Supports the testing of controls by evaluating data to identify issues and control improvements for remediation.
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness.
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success.

Line of Business Skills:

• Risk Management
• Critical Thinking
• Written and Verbal Communications
• Research
• Controls Management
• Monitoring, Surveillance, and Testing
• Capacity Planning

Line of Business Required Skills & Experience:

• 1+ years of Audit or Risk Evaluation related experience with strong track record of success and demonstrated progression in complexity of assignments.
• 1+ years hands on experience within an ETS FLU
• Ability to work independently and self-manage even with multiple high priority competing tasks.
• Familiar and proficient with POP / SPI management
• Ability to manage multiple tasks successfully and efficiently in a fast paced, regulatory driven environment.

• Strong oral and written communication skills, including the ability to communicate effectively with leadership, Executive, Business partners on a regular basis in a clear and concise manner.
• Effective leader who can lead and execute with a positive, energetic attitude.
• Highly organized and detail oriented

• Experience with interacting/presenting to senior leaders.
• Analytical and Reporting experience
• Demonstrated ability to develop strategies and capability to implement those strategies - tenacity to complete in the face of obstacles and display a 'can do' attitude.
• Comfortable in the role of change agent, ability to think 'outside the box'.
• Demonstrated ability to be detail-oriented on business process concepts.
• Strong analytical and research skills
• Strong problem identification and resolution capabilities
• Results oriented with strong organizational and time management skills.
• Proficient in Microsoft OneNote, Word, Outlook, PowerPoint, Excel, SharePoint

Line of Business Desired Skills & Experience:

• Corporate or regulatory auditor experience
• NCP Certification
• Compliance Regulatory experience
• Vendor Management experience
• Business Process experience
• Operations Management
• Oral Communications
• Strategy Planning and Development
• Strategic Thinking
• Decision Making

Hours: Monday - Friday, Flexible – 8-5

Shift:

1st shift (United States of America)

Hours Per Week:

40

About the company

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

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