Bank Of America Vice President Business Control Risk Analysis 

United Kingdom, England, London 

83891048

: Vice President

Global Payments Solutions Group

Do you want to be part of our award-winning team? We are proud to:

• Be a leading provider of treasury and cash management solutions

• Deliver for over 100,000+ clients globally, including over 73% of the Global Fortune 500

• Be at the forefront of delivering treasury solutions across all segments and all industries, from middle-market businesses to the world’s largest corporate and financial institutions

• Provide a personalised service for our clients, backed with high-tech for their liquidity management, payments and receipts, trade and supply chain finance and FX and commercial card services

We want to hear from you if you are:

• A highly-motivated individual

• Has a client-centric focus who can advocate on their behalf

• Can challenge the status quo

• Collaborate with peers as well as having the ability to influence the conversation with diverse points of view

• Innovative with forward-thinking ideas

Responsibilities

Key responsibilities include providing support for audits, tracking open issues, managing operational losses reporting, risk assessments, Single Process Inventory (SPI) overview and analytical and administrative support for the Line of Business (LOB) or Enterprise Control Function (ECF) specific processes and tools to drive adherence to enterprise-wide standards.

Role activities and responsibilities may include:

• Key partner to COO, Global Banking Risk, Global Financial Crimes Committee (GFCC), GCOR and other non-LOB partners on all GPS EMEA Business controls matters.

• Work in close coordination with regional and global Product and Sales teams to ensure identification, reporting, escalation, and timely resolution of issues (SIAIs/RIAIs/AIAIs/MRAs), watch items, and other audit items.

• Manage audit engagement by assisting business segments, process owners and auditors by facilitating meetings and information sharing between key stakeholders during audits.

• Support the overall management of and research required for managing operational loss events, and support governance activities for operational event reporting.

• Support the monitoring and testing of controls including Risk and Control Self Assessment (RCSA) and Risk ID activities.

• Ensure accurate documentation of processes, controls, and metrics in the system of record including reporting and oversight reviews.

• Support SPI activities and work with process owners and control partners to resolve challenges and issues related to SPI. In addition, working with the LOB to identify and address areas of opportunities.

• Support GPSs adherence to enterprise-wide standards.

• Active participation in the key governance forums including Business Control forums, Regulatory Initiative forums, Product & Sales level governance forums, Legal Entity Governance Routines (e.g. Bank of America National Association and Bank of America Europe DAC).

• Develop and manage strong relationships with the business segments, and Control Partners, ensuring partnership on all deliverables.

What we are looking for

• Significant experience in controls function roles including issue management, Operational losses, Risk ID/Risk and Control Self Assessment (RCSA), Single Process Inventory (SPI), Quality Assurance or independent testing.

• Strong risk mindset with process and controls background; actively debate and escalate issues and concerns.

• Ability to ensure adherence to Risk Frameworks, regulations, policies, standards and procedures.

• Proven track record in being able to work effectively in a fast-paced, dynamic, highly matrix and complex environment.

• Strong ability to communicate (written and verbal) with internal and external partners.

• Proven analytical, logical reasoning and problem-solving skills.

• Ability to multi-task, set goals/prioritise and meet deliverables in a fast-paced environment.

• Ability to engage and influence key stakeholders, promoting change.

• Detail oriented with strong analytical, process, project management and organisational skills.

• Ability to navigate across global and cross-functional teams.

• Able to work in a team environment as well as independently.

• Ability to collaborate, manage, and expand relationships across organisations.

• Excellent presentation skills and keen attention to detail.

• Proven ability to develop executive ready communications and presentations.

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.