Business Control Specialist - Global Markets Operations

Job Description:

Job Title:

Business Control Specialist - Global Markets Operations Corporate

Title:

Vice President

Location:

Chester Company Overview:

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!

Be part of something special at Bank of America Chester. Part of a leading global financial institution, we are looking for high potential individuals to join us in driving our people forward. Bank of America Chester is an exciting, diverse workplace where we are committed to delivering a great client experience to the businesses and individuals who call Chester home. Join our team today and find a rewarding, global career.

This role is to partner and support Global Fixed Income, Currency & Commodities Operations (GFICCO) teams and senior leaders to proactively identify, quantify, prioritize, and mitigate risks, improve controls and maintain a focus on operational excellence and sustainable solutions. As a first line of defence team, GMO Risk is responsible for demonstrating, monitoring and managing the effectiveness and adequacy of the risk and control environment in line with the enterprise risk framework supporting responsible growth.

GFICCO teams processes include trade control, confirmations and settlements. GMO provides end to end operational support to our clients and business partners day to day in the processing and settling of transactions of cash and securities.

Members of the GFICCO Risk team are trusted advisors to GFICCO functions and leadership by providing independent oversight and assessment of their risk environment. It is our role to strengthen the control environment, improve control culture & practices embedding a robust risk culture across the organisation. We aim to create open channels of communication with GFICCO teams to maintain trust and promote transparency in reporting root cause of issues and escalations.

• Close interaction and engagement with GFICCO functional leadership to provide guidance on identified risk and control issues, escalation triage, formal capture of audit issues & operational events and development of associated remediation plans
• Coordinate, oversee and manage input and engagement for regulatory exams, corporate audits and target risk assessments impacting GFICCO functions & processes and associated remediation of findings, including Matters Requiring Attention/Immediate Attention (MRA/MRIA)
• Develop and maintain Single Process Inventory (SPI) framework, ensure adherence to process management standard requirements including metric performance oversight
• Collaborate and debate with Audit, Compliance & Operational Risk partners on findings and emerging themes
• Ensure compliance with critical deadlines for risk identification,…