Sr. Business Control Specialist

3 months ago


Belfast, United Kingdom Bank of America Full time

Description

:
The Sr. Business Control Specialist is part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This position will be responsible for providing regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products. This position provides regulatory expertise and guidance for several regulations including, but not limited to, Fair Lending, Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA); as it relates to external exams, internal audits, issue and project engagement, monitoring and metric oversight and reporting. This role influences and provides direction to the front line units. Incumbents typically have over 3+ years of risk management and/or FLU/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.

Required Qualifications:

Minimum of 3 years of relevant work experience with a working knowledge of lending regulations, as well as 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, 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

• Exhibits strong relationship management and interpersonal skills

Desired 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

Responsibilities:

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 monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness Performs QA activities including executing on controls, managing cases, and reporting results Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success Supports the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews and evaluates data and information relevant to inspection metrics to support governance activities for dashboard reporting Monitor the control environment to drive adherence to regulatory requirements and enterprise standards Provide regulatory direction and SME support including, impact analysis and policy change. Actively engage in process change initiatives to ensure solutions result in compliant outcomes with meaningful, sustainable controls Analyze compliance testing, monitoring reports, and other testing results to identify primary root cause of errors and escalate for remediation Interface with Global Compliance and Operational Risk (GCOR) and Legal partners to provide the business point of view on regulatory topics Identify issues and/or control improvements for remediation Perform assessments of compliance against regulatory requirements and enterprise policies Coordinate with partners and stakeholders to ensure end-to-end process engagement Provide audit and exam support Acts as an ambassador of the risk culture

Skills:

Controls Management Issue Management Monitoring, Surveillance, and Testing Quality Assurance 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

  • Belfast, United Kingdom Bank of America Full time

    Job Summary:The Sr. Business Control Specialist is a critical role within the Regulatory Business Controls team at Bank of America. This position is responsible for providing regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products.Key Responsibilities:Provide regulatory expertise and guidance for...


  • Belfast, United Kingdom Citigroup Global Markets Limited Full time

    The position of Business Risk and Control Sr Officer requires a strategic professional with expertise in risk management and control. The ideal candidate will have excellent communication skills, be able to negotiate internally at a senior level, and possess developed communication and diplomacy skills to guide, influence, and convince others.The role...


  • Belfast, United Kingdom Citigroup Global Markets Limited Full time

    The Business Risk and Control Sr Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often...


  • Belfast, United Kingdom Citigroup Global Markets Limited Full time

    About the Role:We are seeking a seasoned Business Risk and Control Sr Officer to join our team at Citigroup Global Markets Limited.As a strategic professional, you will be responsible for closely following the latest trends in your field and adapting them for application within your job and the business. You will work with management on governance and the...


  • Belfast, United Kingdom REED Specialist Recruitment Full time

    Inventory Analyst Job DescriptionReed Specialist Recruitment is delighted to be working with a leading client within the hospitality industry who have an exciting new opportunity for an Inventory Analyst to join their finance team.Key Responsibilities:Provide detailed analysis of inventory levels, highlighting low stock levels and slow moving stock.Produce...


  • Belfast, United Kingdom Citigroup Global Markets Limited Full time

    The Operational Risk and Control Sr Analyst is a global role within the Operations Issue Management team. This individual contributor will need to apply in-depth knowledge, contributing to the oversight and management of Issues and CAPS.This role requires an in-depth understanding how business areas integrate within the sub-function as well as coordinate and...


  • Belfast, United Kingdom caia - Jobboard Full time

    Job SummaryAs a Business Risk and Controls Specialist, you will play a key role in identifying and mitigating risks that could impact our business. You will work closely with our Risk and Control team to develop and implement effective risk management strategies, ensuring that our operations are aligned with our business objectives.Key...


  • Belfast, United Kingdom Thales Full time

    Location: BELFAST ARNOTT HOUSE, United KingdomThales people architect identity management and data protection solutions at the heart of digital security. Business and governments rely on us to bring trust to the billons of digital interactions they have with people. Our technologies and services help banks exchange funds, people cross borders, energy become...


  • Belfast, United Kingdom HAYS Specialist Recruitment Full time

    Job Summary:As a Business Analyst at Hays Specialist Recruitment, you will play a key role in a project where you will be responsible for assisting in the migration of applications. Your expertise in the banking industry, particularly in regulatory reporting, will be highly valued.Key Responsibilities: Prepare technical specifications and documentation for...


  • Belfast, United Kingdom Citigroup Inc. Full time

    The Business Risk and Control Sr Officer I is a strategic professional who closely follows the latest trends in their field and adapts them for application within their job and the business. Typically, a small number of people within the business provide the same level of expertise. Excellent communication skills are required to negotiate internally, often...


  • Belfast, United Kingdom Citi Full time

    As a Business Risk and Controls Specialist at Citi, you will play a strategic role in ensuring the organization's regulatory commitments are met. This involves conducting quality control and assurance assessments of multiple risk and control programs, defining strategies, approaches, and processes to provide global risk management consistency and...

  • Credit Controller

    4 weeks ago


    Belfast, United Kingdom HAYS Specialist Recruitment Full time

    Job Title: Credit ControllerWe are seeking a highly skilled Credit Controller to join our dynamic finance team at a prominent employer in Belfast City Centre. As a key member of our team, you will be responsible for managing the company's cash flow by ensuring timely payments from customers and clients.Key Responsibilities: Posting and issuing bills to...


  • Belfast, United Kingdom Citigroup Inc. Full time

    Job Summary:The Business Risk and Control Specialist will be a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness.Key...


  • 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...

  • Business Risk

    4 days ago


    Belfast, United Kingdom Citigroup Global Markets Limited Full time

    Job DescriptionThe Business Risk & Control Specialist will be a key member of the Technology Issue Enablement Group, responsible for providing oversight and support to the Technology, Cyber, and Foundational Issue Management programs. The team's goal is to achieve a 'No Surprise' approach by implementing a standardized methodology, proactive monitoring of...


  • Belfast, United Kingdom Citi Full time

    **Responsibilities**: - Work with Management on governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e..Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes. - Accountable for the quality, completeness, and accuracy of...


  • Belfast, United Kingdom HAYS Specialist Recruitment Full time

    Job Title: Senior Finance Assistant (Credit Control) Company: Leading Global Law Firm Location:Hybrid Working Salary:£28,000 per annum Overview: Our client is a prestigious global law firm known for a commitment to excellence and innovation. Based within the Belfast-based finance team,you will ensure the timely and accurate processing of financial...


  • Belfast, United Kingdom Bank of America Full time

    Job SummaryThe Regulatory Business Controls Specialist is part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This role is responsible for providing regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products. The successful candidate will provide...


  • Belfast, United Kingdom HAYS Specialist Recruitment Full time

    We are seeking a highly skilled Regulatory Governance Specialist to join our team at Hays Specialist Recruitment. This role will be working closely with a global financial institution to recruit a Markets Regulatory Specialist.Key Responsibilities:Perform governance of Markets Prudential and Regulatory Risk profile, including review of related issues,...


  • Belfast, United Kingdom Citigroup Global Markets Limited Full time

    OverviewThis position is for a Senior Vice President and is a strategic and execution-oriented management position accountable for quality assurance of control, monitoring, and testing design. This SVP reports into the Program Director for the Strategy, Governance and Automation (SGA) team. Initial responsibilities will be to quickly build the team to begin...