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SalaryJob Description:
Job Description:
Assist 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.
Responsibilities:
Role is responsible for management of risk oversight routines including:
- Ensures adherence to enterprise-wide Policy and Standards
- Single Process Inventory (SPI) inventory risk oversight
- Risk Control Self-Assessment (RCSA)
- Risk ID
- Vendor Management Risk
- Delegation of Authority (DOA) controls and governance
- Global Records Management adherence
- Key Risk Indicators (KRI) reporting
- May be tasked to support high-priority industry and regulatory initiatives.
Requirements:
- 5+ years of relevant risk management experience
- Proven ability to lead and influence with key control partners including Risk, Compliance, and Audit.
- Strong analytical, conceptual and problem solving skills – ability to drive root cause analysis, focus on details, identify issues, prioritize quickly and recommend solutions.
- Ability to balance multiple competing priorities in a fast-paced and complex environment.
- Advanced proficiency in various MS tools including Excel, Access, PowerPoint, and SharePoint (developer skills are desired).
- Strong written & oral communication and presentation skills; able to target messaging to different audiences; provide consolidated data in a clear and concise manner appropriate for all levels of management.
- Ability to quickly develop subject matter expertise across a broad spectrum of product and services.
- Commercial Credit or adjacent experience and knowledge
Desired Skills:
- Commercial Credit (Trade Finance, Loan or Equipment Finance) experience including business process and applications.
- Working knowledge of laws, rules, and regulations and Bank of America Risk Framework.
- Experience working with external regulators and examiners.
- BS or BA, Masters degree a plus
Other Qualifications:
- Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
- Excels in working among diverse viewpoints to determine the best path forward
- Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
- Commitment to challenging the status quo and promoting positive change.
- Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
- Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
Shift:
Hours Per Week:
40
