Senior Business Control Specialist

1 month ago


Belfast, United Kingdom Bank of America Full time

Job Summary:

The Senior Business Control Specialist will be part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This role will provide regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products.

Key Responsibilities:

  • Provide regulatory expertise and guidance for several regulations, including Fair Lending, Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA)
  • Support the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
  • Implement optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
  • Conduct and coordinate quality inspection reviews to enhance employee performance and control effectiveness
  • Perform QA activities, including executing on controls, managing cases, and reporting results
  • Support the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews

Requirements:

  • Minimum of 3 years of relevant work experience with a working knowledge of lending regulations and lending processes
  • Demonstrated ability to think strategically and execute tactically
  • High attention to detail and strong organizational skills with the ability to prioritize requests and workload accordingly
  • Ability to read and understand regulatory requirements, anticipate risks, and summarize key information
  • Influence across the organization and diverse audiences
  • Strong written and verbal communication skills
  • Self-starter with excellent anticipation skills, problem-solving, and follow-up
  • Demonstrated dependability and ability to act with a sense of urgency
  • Ability to work in a fast-paced and complex environment
  • Ability to deal with sensitive data and maintain confidentiality
  • Ability to identify risks and ways to mitigate those risks

Preferred Qualifications:

  • 5+ years of risk management or business control experience
  • Mortgage lending regulation expertise, specifically related Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA)
  • Process Improvement and/or data analysis experience
  • Capable of performing complex analyses and formulating solutions independently
  • Experience with root cause analysis


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