Business Control Manager-Regulatory Management Team
Company: Disability Solutions
Location: Charlotte
Posted on: October 13, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. 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.The
Business Controls Manager (Regulatory Management Team) will lead a
team responsible for executing Regulatory Management
activities.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
- Providing guidance and coaching on requirements necessary to
ensure adherence with internal policy and designated
regulation
- Participating with work team developing updates and training to
any Front Line Unit (FLU) procedures for the designated
regulation
- Evaluates data and information relevant to inspection metrics
to support governance activities for dashboard reportingSkills:
- 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 AssuranceRequired Qualifications:
- 7-10 years' experience in risk management, compliance,
operational controls and/or LOB underwriting or operations
- Ability to navigate credit agreements, collateral documentation
and loan documents
- Proficient in Outlook, Excel, SharePoint, PowerPoint and WebEx
skills
- Ability to work independently and self-manage multiple tasks at
once
- Strong communication and collaboration skills
- Ability to lead and execute while maintaining a positive and
energetic attitude during times of pressure, adversity, or
change
- Candidate must be highly organized
- Candidate must have the ability to solve complex problems, be
detail oriented, and demonstrate a high regard for data accuracy
Desired Qualifications:
- Strong oral and written communication skills including the
ability to communicate effectively with leadership, Compliance,
Audit and Credit Review on a regular basis
- Experience in Commercial Banking, credit underwriting,
monitoring and collateral analysis and familiar with credit policy
and procedures
- Regulatory, audit, and/or issue management experience
- Bachelor's degree preferred or equivalent experienceWill
consider any EC Commercial LocationShift:1st shift (United States
of America)Hours Per Week: 40
Keywords: Disability Solutions, Charlotte , Business Control Manager-Regulatory Management Team, Executive , Charlotte, North Carolina
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