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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:Specialized Servicing and Fulfillment Operations (SSFO) is a dynamic organization committed to delivering best-in-class care for clients and internal partners. We specialize in situations that require a compassionate touch, high attention to detail, management of high risks, adjustments for unique product or situation combinations and education of internal partners. We respond rationally, but rapidly to an ever-evolving set of products, compliance requirements, and client needs. SSFO practices process excellence in every facet of our operation and is committed to creating a work environment that drives positive employee engagement and growth.
The SSFO Business Controls team is responsible for the establishment & oversight of effective controls within SSFO processes and adherence to regulatory & investor guidelines for all aspects of the SSFO organization. The team oversees the execution of effective risk and operational management processes including process management, issues management, risk operations, audit & exam management, quality assurance testing, complaints analysis and metric oversight. The SSFO Business Controls team is seeking a Senior Business Control Specialist with strong analytical, regulatory, risk management, and communication capabilities. This role will primarily support the evaluation of Laws, Rules and Regulations, enterprise policies, standards, and risk taxonomy requirements to determine their applicability to SSFO processes.
Experience | Qualifications | KnowledgeRequired Qualifications:- 3+ years of Business Controls and/or Global Compliance and Operational Risk experience
- Must have moderate to advanced proficiency with: Excel, PowerPoint, Word, and Outlook
- Analytical mindset with the ability to manage competing priorities
- Communication - exceptional verbal and written skills and an ability to summarize complex subjects into simple statements
- The role requires you to comfortably and confidently communicate with various stakeholders and executives
- Strong relationship building skills to communicate with internal team and executive level management
- Facilitator - ability to plan, facilitate, and lead meetings, as well as prepare materials
- Strong analytical and critical-thinking skills, with the ability to interpret complex Laws, Rules and Regulations, policies, standards, and risk requirements and determine applicability to business processes.
- Ability to translate complex requirements into clear, concise business guidance, explaining what applies, why it applies, required actions, and applicable timelines.
- Ability to assess process-level risk applicability, including how risks may manifest through process activities and the potential impact to the bank.
Desired Qualifications:- Knowledge and experience in Global Operations, with an emphasis in operations or customer service
- Regulatory/Policy standard adherence experience
- Effective listening, comprehension and negotiation skills
- Working knowledge of general bank policies and standards
- Developing new ideas and new approaches to old ideas
- Motivated - have an aptitude to learn quickly under pressure and be self-motivated
- Organized - strong attention to detail with ability to manage multiple priorities with lifespans of anywhere from an hour to a year depending on the deliverable
Skills:- Workgroup facilitation
- Artifact creation
- Artifact approval gathering
- Evidence collection
- Creation of artifact narratives to explain the content and tie to original request for information
- Facilitation of workgroup meetings including process walk throughs and demonstrations
- Process Design
- Issue Management
- Understanding of Operational Controls
- Managing to Deadlines
- Verbal Presentation Skills
- Risk Management
- Analytical Thinking
- Attention to Detail
- Critical Thinking
- Problem Solving
- Written Communications
- Decision Making
- Innovative Thinking
- Prioritization
- Recording/Organizing Information
- Research
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:1st shift (United States of America)
Hours Per Week: 40
