Senior Business Control Specialist

Welcome to Bank of America! We are looking for a highly skilled and motivated individual to join our team as a Senior Business Control Specialist. In this role, you will play a critical part in ensuring the integrity and effectiveness of our business processes and controls. Your attention to detail, analytical mindset, and strong communication skills will be key in identifying and mitigating potential risks. If you are a driven and dedicated professional with a passion for maintaining compliance and promoting best practices, we encourage you to apply for this exciting opportunity.

1. Develop and implement effective business control processes and procedures to maintain compliance with regulations and company policies.
2. Conduct regular audits and risk assessments to identify potential areas of non-compliance and develop action plans to mitigate risks.
3. Monitor and review business practices, transactions, and operations to ensure they are in line with applicable laws and regulations.
4. Collaborate with cross-functional teams to identify process improvements and implement best practices to enhance control frameworks.
5. Provide training and guidance to employees on compliance policies and procedures to promote a culture of compliance within the organization.
6. Conduct investigations and root cause analyses to identify the underlying causes of control failures and develop strategies to prevent future occurrences.
7. Analyze data and prepare reports to communicate control deficiencies and recommendations for improvement to senior management.
8. Stay up-to-date with industry regulations and changes in the business environment to anticipate potential risks and make necessary adjustments to control processes.
9. Act as a liaison between internal and external auditors, providing documentation and supporting evidence to facilitate audits and ensure compliance.
10. Serve as a subject matter expert on control-related matters, providing guidance and advice to colleagues and management as needed.

According to JobzMall, the average salary range for a Senior Business Control Specialist in St. Louis, MO, USA is $85,000 - $110,000 per year. This may vary depending on the specific company, industry, and level of experience of the individual. Bonuses and other benefits may also be included in the overall compensation package.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.