Senior Business Control Specialist

Are you a highly skilled and experienced professional looking for a challenging and rewarding career opportunity? Look no further than Bank of America! We are currently seeking a Senior Business Control Specialist to join our dynamic team. In this role, you will play a critical role in ensuring the integrity, accuracy, and compliance of our business processes. As a leader in the financial industry, Bank of America offers a fast-paced and collaborative work environment where you can make a significant impact. Join us and take your career to the next level. Read on to learn more about the qualifications and skills we are looking for in our ideal candidate.

1. Develop and implement effective business control strategies and processes to ensure compliance with regulatory requirements and internal policies.
2. Conduct regular audits and assessments to identify potential risks and areas for improvement.
3. Collaborate with various departments and teams to identify and resolve control deficiencies.
4. Stay updated on industry regulations and best practices to ensure the organization's processes are in line with current standards.
5. Provide guidance and support to team members on control-related matters.
6. Analyze data and reports to identify trends and patterns, and make recommendations for process improvements.
7. Develop and maintain relationships with key stakeholders to promote a culture of compliance and risk management.
8. Participate in the development and implementation of training programs to educate employees on control procedures.
9. Conduct investigations and root cause analysis to identify the underlying causes of control failures.
10. Prepare and present reports to senior management on control issues, findings, and recommendations.
11. Monitor and track the implementation of corrective actions and ensure timely resolution of control issues.
12. Develop and maintain documentation of control processes, procedures, and policies.
13. Act as a subject matter expert on control-related matters and provide guidance to other team members.
14. Collaborate with external auditors and regulators to ensure timely and accurate responses to inquiries.
15. Continuously evaluate and improve control processes to enhance efficiency and effectiveness.

According to JobzMall, the average salary range for a Senior Business Control Specialist in Novi, MI, USA is $73,000-$107,000 per year. This salary range can vary depending on the specific company, experience level, and job responsibilities.

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.