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 Title: Sr. Business Control SpecialistDescription:The Sr. Business Control Specialist is a critical member 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...


  • Belfast, United Kingdom Bank of America Full time

    Job Title: Sr. Business Control SpecialistDescription:The Sr. Business Control Specialist is a critical member 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...


  • 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 Bank of America Full time

    Job DescriptionJob 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...


  • Belfast, United Kingdom Bank of America Full time

    Job DescriptionJob 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...


  • 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 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 Hays Specialist Recruitment Full time £127,185

    AVP Business Risk Job DescriptionWe are working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.Key Responsibilities:Execute...


  • Belfast, United Kingdom Hays Specialist Recruitment Full time £127,185

    AVP Business Risk Job DescriptionWe are working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.Key Responsibilities:Execute...


  • 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 Hays Specialist Recruitment Full time £127,185

    Job Title: AVP Business RiskWe are currently working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.This role supports...


  • Belfast, United Kingdom Hays Specialist Recruitment Full time £127,185

    Job Title: AVP Business RiskWe are currently working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.This role supports...

  • Financial Controller

    3 weeks ago


    Belfast, United Kingdom Hays Specialist Recruitment Full time £65,000

    Financial Controller Job DescriptionYour new role as Financial Controller will involve leading the full accounting and administration departments, ensuring the company's financial matters are well-managed. Key responsibilities include:Preparing and presenting monthly project financial performance reportsWorking closely with operational managers and the...

  • Financial Controller

    3 weeks ago


    Belfast, United Kingdom Hays Specialist Recruitment Full time £65,000

    Financial Controller Job DescriptionYour new role as Financial Controller will involve leading the full accounting and administration departments, ensuring the company's financial matters are well-managed. Key responsibilities include:Preparing and presenting monthly project financial performance reportsWorking closely with operational managers and the...


  • Belfast, United Kingdom HAYS Specialist Recruitment Full time

    AVP Business Risk Job DescriptionWe are seeking a highly skilled AVP Business Risk professional to join our team at Hays Specialist Recruitment. As a key member of our Markets Controls Testing team, you will play a critical role in ensuring the effective management of risk across our global financial institution.Key Responsibilities:Design and execute...


  • Belfast, United Kingdom HAYS Specialist Recruitment Full time

    AVP Business Risk Job DescriptionWe are seeking a highly skilled AVP Business Risk professional to join our team at Hays Specialist Recruitment. As a key member of our Markets Controls Testing team, you will play a critical role in ensuring the effective management of risk across our global financial institution.Key Responsibilities:Design and execute...


  • Belfast, United Kingdom Hays Specialist Recruitment Full time £127,185

    AVP Business Risk Job DescriptionWe are currently working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.Key...


  • Belfast, United Kingdom Hays Specialist Recruitment Full time £127,185

    AVP Business Risk Job DescriptionWe are currently working with a global financial institution to recruit an AVP in Business Risk. This role will be part of the 1st Line of Defence (1LOD) Markets Controls Testing team, responsible for executing a comprehensive, risk-based control testing programme across all Markets businesses globally.Key...


  • Belfast, United Kingdom CitiGroup Full time

    Job Title: Business Risk and Controls SpecialistCitiGroup is seeking a highly skilled Business Risk and Controls Specialist to join our team. As a key member of our organization, you will be responsible for ensuring the effective implementation of risk management and control processes across various business units.Key Responsibilities:Develop and implement...