Senior Business Control Specialist - Regulatory Management Team
Company: Disability Solutions
Location: Jacksonville
Posted on: April 20, 2024
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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
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. The
Senior Business Controls Specialist (Regulatory Management Team)
will provide analytical support to Enterprise Credit (Commercial)
Officers in executing internal control discipline and operational
excellence related to FDPA (Flood Regulation) during the
underwriting/monitoring process.Responsibilities:--- Maintaining an
engagement pipeline requiring coordination of various teams to
ensure closing deadlines are met. --- 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--- Serve as a point
of contact and SME in partnering with, Operations, Legal, Audit,
and Control Partners on annual assessments and Exams --- Supports
the monitoring and testing of controls by evaluating data to
identify issues and control improvements for remediation---
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
reportingSkills:--- 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--- ResearchRequired
Qualifications:--- 3-5 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--- Participant must have the ability to solve complex
problems, be detail oriented, and demonstrate a high regard for
data accuracyDesired Qualifications:--- Working knowledge of Flood
insurance and/or regulations --- 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 experienceWill consider any EC Commercial Location
Shift:1st shift (United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Jacksonville , Senior Business Control Specialist - Regulatory Management Team, Executive , Jacksonville, Florida
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