Business Control Specialist

At Bank of America, we are committed to providing exceptional financial services and solutions to our clients. As a Business Control Specialist, you will play a crucial role in ensuring the integrity and effectiveness of our business operations. We are looking for a highly motivated and detail-oriented individual who will thrive in a fast-paced and dynamic environment. If you are passionate about risk management, compliance, and driving business success, we invite you to join our team.

1. Conduct regular risk assessments and identify potential areas of concern within the business operations.
2. Develop and implement control procedures and policies to mitigate identified risks.
3. Monitor and evaluate the effectiveness of existing control measures and make recommendations for improvement.
4. Collaborate with various departments to ensure compliance with industry regulations and internal policies.
5. Review and analyze data to identify trends and potential compliance issues.
6. Conduct internal audits and investigations to identify potential areas of improvement.
7. Prepare reports and present findings to senior management.
8. Train and educate employees on compliance and risk management policies and procedures.
9. Stay updated on industry regulations and changes in the business environment that may impact the company's operations.
10. Communicate and work closely with other teams to identify and resolve any issues related to business controls.
11. Participate in cross-functional projects to implement new systems and processes.
12. Maintain accurate and up-to-date records of all control procedures and policies.
13. Identify and report any suspicious or fraudulent activities to the appropriate authorities.
14. Ensure that all business operations are conducted in an ethical and responsible manner.
15. Continuously evaluate and improve control processes to enhance the overall efficiency and effectiveness of the business.

According to JobzMall, the average salary range for a Business Control Specialist in Boston, MA, USA is between $68,000 and $132,000 per year. This may vary depending on the industry, company, and level of experience. Some factors that can affect salary include education, certifications, and additional skills. It is important to research the specific job market and company to get a more accurate salary estimate.

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.