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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

Responsibilities:

Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standardsSupports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediationImplements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity effortsConducts and coordinates quality inspection reviews to enhance employee performance and control effectivenessPerforms QA activities including executing on controls, managing cases, and reporting resultsExecutes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program successSupports 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

Skills:

Controls ManagementIssue ManagementMonitoring, Surveillance, and TestingQuality AssuranceRisk ManagementAnalytical ThinkingAttention to DetailCritical ThinkingProblem SolvingWritten CommunicationsDecision MakingInnovative ThinkingPrioritizationRecording/Organizing InformationResearch

Line of Business Job Description:

About this Team

Global Credit, Anti-Money Laundering (AML) and Onboarding Operations (GCAOO) delivers credit fulfillment, service and operations of credit offerings, operational accountability for leasing and trade finance solutions; AML monitoring and refresh of client information; Onboarding for global market clients. The GCAOO Quality Control/Quality Assurance (QC/QA) team provides operational support by monitoring the completion of critical customer due diligence requirements as directed by the Bank Secrecy Act (BSA) and/or the Financial Crimes Global Standard with coverage extending to horizontal lines of business.

LOB Specific Job Description:

The GCAOO QC/QA team is seeking to strengthen its risk management and infrastructure by focusing on key AML customer due diligence processes that have high risk and significant visibility. The incumbent for this position will be part of the newly created AML QC/QA team that is responsible for implementing the QC/QA strategy across multiple lines of business by deploying enhanced control monitoring and reporting to drive process improvements and oversight.

Role Responsibilities:

Defines scope, sampling requirements, and minimum requirements/standards for the GCAOO QC/QA program. Executes governance routines that measure the adherence to the GCAOO QC/QA program requirements, including sampling adherence and root cause analysis for underperforming testers. Supports QA script development, procedure development, training, change management, and strategy and initiatives.  Maintains a culture of compliance and supports the identification, escalation and timely mitigation of compliance/quality risks.Applies knowledge and expertise to influence business managers and peers to ensure enforcement of the QC/QA program. May interface with auditors, business and support leaders.

Qualifications:

3+ years of experience with risk management, and/or AML Know-Your-Client/Client Due Diligence Highly motivated, proactive and a self-starter; strong sense of ownership & ability to create and execute plans without daily oversight Awareness and understanding of the wider business, market and regulatory environmentAbility to interact and influence across all levels of the organizationExcellent verbal, written, and interpersonal communication skillsData management experience (data quality, governance, etc.)Strong Microsoft Office Suite (Excel, PowerPoint, Visio, etc.) experienceControl focused mindset and relative understanding of regulatory and reputational risks by applying adequate business context for appropriate groups like audit, regulatorsAbility to manage multiple projects at once by prioritization and meeting deadlinesAble to identify and remediate risks in a timely mannerCritical thinker; ability to analyze problems and identify both tactical and strategic solutions to addressKnowledge of AML and/or GBGM businesses preferredAbility to assess the effectiveness of arrangements to deliver effective governance, oversight and controls in the businessProject management, ability to deliver change at program levelMust be flexible and have experience working in a fast-paced environment Proactively looks for opportunities, solutions and process improvements, manages projects, including, milestones and task management, resources, risks/dependencies

Skills

Business ControlsComplianceAuditRisk ManagementQuality AssuranceProblem SolvingAnalytical ThinkingInfluenceCollaborationResults OrientedAdaptabilityAttention to DetailMonitoring and TestingCritical ThinkingWritten CommunicationsDecision Making

Shift:

1st shift (United States of America)

Hours Per Week: 

40