Bank Of America Vice President Senior Business Control Specialist 

Singapore 

437198892

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 standards
• Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
• Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness
• Performs QA activities including executing on controls, managing cases, and reporting results
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success
• Supports 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
• Oversee deliverables required from High Risk Detection Team on on-going regulatory, statutory and internal audits, exams and 1st and 2nd line tests on timely manner
• Establish effective controls within processes (Quality Assurance), perform reviews, and test/monitor the effectiveness of controls
• Engage with senior stakeholders to identify issues and/or control improvements for remediation.
• Coordinate and secure approvals on response to queries from audit or exams, and or / Testing process
• Review AML/CFT regulatory change pipeline for APAC jurisdictions and assess impact to Screening process
• Represent Screening as well as High Risk Client portfolio in APAC region in relevant governance forums
• Identify areas of opportunity for continuous improvement and drive strategic changes on potential risk concerns identified

Skills:

• Controls Management
• Issue Management
• Monitoring, Surveillance, and Testing
• Quality Assurance
• Risk Management
• Analytical Thinking
• Attention to Detail
• Critical Thinking
• Problem Solving
• Written Communications
• Decision Making
• Innovative Thinking
• Prioritization
• Recording/Organizing Information
• Research