Senior Business Control Specialist
Company: Disability Solutions
Location: Chandler
Posted on: October 19, 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.Line of
Business Job Description:About this Team:Consumer AML Operations
(CAML Ops) provides anti-money laundering (AML) and Bank Secrecy
Act (BSA) operational support for Consumer and Small Business
(C&SB) with some services extending across multiple lines of
business. Functions are supported to ensure the appropriate
completion of critical customer due diligence for AML processes
including customer data repair, centralized Refresh of customer due
diligence data elements, exiting of customer relationships due to
AML reasons, regulatory reporting of cash received in the U.S.
including cash aggregation and currency transaction reporting
exemption records as required by the BSA. Position SummaryThe
Senior Business Control Specialist will provide oversight and
support in executing internal control discipline and operational
excellence for the Currency Reporting Unit within the Consumer AML
Operations (CAML Ops) Line of Business. Prepares documentation for
the tracking, monitoring, and escalation of risk related issues to
management and acts as an ambassador of the risk culture. Performs
validation activities to ensure processes are adequate, effective,
and meet control standards. Provides governance over key controls
and status of mitigation and action plans. Focus is on long-term
transformational goals in the area of control monitoring for
business processes. Responsible for the support of breakthrough
enhancements for business process control monitoring and reporting,
regulatory risk, quality assurance integration/synergies, and
continuous process improvements. Engages and works closely with
production management. Influences across organizational lines to
drive consistency, remove road blocks and take action on key
priorities, regulatory requirements, and process improvements.
Displays a risk minded approach to all initiatives. Provides risk
guidance and Subject Matter Expertise.Responsibilities:
Keywords: Disability Solutions, Sun City , Senior Business Control Specialist, Accounting, Auditing , Chandler, Arizona
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