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Business Control Manager

Company: Bank of America
Location: New York
Posted on: September 25, 2022

Job Description:

Job Description:Job Description & Responsibilities:The Business Control Manager will be responsible for serving as the engagement manager to the Financial Center Channel to drive awareness and compliance with AML and economic sanctions laws, rules, regs and bank standards. Also plays a critical role in understanding business strategy and anticipating risk in a fast changing client-facing environment.Accountable for assessing, escalating and mitigating AML risk and control gaps in an evolving business and AML landscape, proactively identifying areas of risk while providing support for responsible growth of the business.Maintain relationships with business partners and key risk partners to meet business needs, while managing AML compliance requirements and risks. Critical stakeholders include assigned Financial Center Channel business partners and process owners, Global Financial Crimes leaders, Compliance and Operational Risk partners, and Front Line Unit/Control Function partners.Required Skills:5+ years Financial Center market/operations leadership experience, recently in roleStrategic thinker - identify challenges/issues and assess for potential broader impacts and determine actionsCreative - think outside the box and evolve our programCredible leader - strong reputation and extensive Financial Center Channel business relationshipsLeading through Influence - ability to calibrate and drive action across numerous businesses and relationshipsStrong multi-tasking skills - prioritize and juggle multiple tasks simultaneously; ability to rebound quickly following an interruptionAccountable - work independently, set-goals and deadlines; document actions and outcomesFollow-through and consistency - deliver on commitments; close the loopStrong Microsoft Excel, Word and PowerPoint skills Desired Skills:Understanding of change management process, such as CAST, UCRAEnterprise Role OverviewAssist in the execution of internal control discipline and operational excellence within a LOB or ECF. Execute LOB/ECF specific processes and tools to drive adherence to enterprise-wide Standards. Support the implementation of QA/QC processes within the LOB/ECF through ongoing monitoring and testing of controls. Identify issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones. Acts as an ambassador of the risk culture. Develop and direct staff. Incumbents typically have over 8+ years of risk management and LOB/ECF experience.Shift:1st shift (United States of America)Hours Per Week: 40

Keywords: Bank of America, New York , Business Control Manager, Executive , New York, New York

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