Business Control Manager

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:

This job is responsible for leading and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include executing LOB or ECF processes and tools to drive adherence to enterprise-wide standards. Job expectations include supporting the implementation of quality assurance and quality control processes within the LOB or ECF through ongoing monitoring and testing of controls, identifying issues and control improvements for remediation, and building out actions plans and milestones.

Team Specific Job Description:

The team is looking for a highly motivated, detail-oriented individual to support the CFO program and deliverables related to management of issues (self-identified, audit-identified, regulator-identified) owned by the CFO Group. In this role the Business Control Manager will help drive CFO-wide adherence to the Company’s Issues Management Policies and Standards. 

The Business Control Manager is a hands-on partner providing support to the CFO Group through direct engagement CFO Group teams and issue contacts. This role will also lead oversight of the CFO Group’s common controls, including guidelines and requirements on Desktop Procedures and Supervisory review.
 

Responsibilities:

• Leads the assessment of the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
• Performs monitoring and testing of controls, identifying issues and control improvements for remediation
• Leads the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
• Manages the performance and productivity of team members that conduct quality inspection reviews
• Ensures timely execution of QA activities including control execution, case management, and results reporting
• Manages and reviews all operations front line unit responses for regulatory exams, internal audits, and other monitoring and inspection reviews
• Ensures accuracy of data and that relevant information is captured for inspection metrics to support governance for dashboard reporting

Team Specific Responsibilities:

• Provide advice and counsel on the issues management process for CFO owned issues
• Contribute to reporting and creating executive level talking points to summarize the current status of key issues (e.g., regulatory, past due, at risk issues, etc.)
• Drive timely escalation of at risk and past due issues
• Own final guidance documents for CFO Common Controls, including Desktop Procedures and Supervisory Review
• Develop and maintain training on common controls, supporting CFO-wide adherence

Required Qualifications:

• 4+ years of financial industry or risk experience
• Intellectually curious- our goal is to make the CFO issues program best in class; thus, we need to continuously look for ways to evolve and improve
• Strong attention to detail and well organized
• Self-motivated and comfortable taking the initiative

Desired Qualifications:

• Experience with internal and/or regulatory issues
• Risk or audit background
• Knowledgeable of Bank of America's business lines, operations, control functions and organizational structure

Skills:

• Controls Management
• Oral Communications
• Risk Management
• Stakeholder Management
• Strategy Planning and Development
• Continuous Improvement
• Drives Engagement
• Influence
• Strategic Thinking
• Talent Development
• Data and Trend Analysis
• Decision Making
• Monitoring, Surveillance, and Testing
• Problem Solving
• Quality Assurance

Shift:

1st shift (United States of America)

Hours Per Week: 

40