Senior Business Control Specialist

Welcome to Bank of America, one of the largest financial institutions in the world. We are currently seeking a Senior Business Control Specialist to join our dynamic team and play a crucial role in ensuring the integrity and stability of our operations. As a Senior Business Control Specialist, you will be responsible for identifying and mitigating potential risks, implementing control procedures, and providing guidance to our business partners. We are looking for an experienced professional who is proactive, detail-oriented, and possesses strong analytical and communication skills. If you are passionate about maintaining a strong control environment and have a strong understanding of banking operations, we encourage you to apply for this exciting opportunity.

1. Conduct risk assessments and identify potential areas of risk within the organization's operations.
2. Develop and implement control procedures to mitigate identified risks.
3. Monitor and review existing control procedures to ensure their effectiveness and make necessary updates.
4. Provide guidance and support to business partners on compliance with internal policies and external regulations.
5. Investigate and resolve any control-related issues or incidents.
6. Develop and deliver training programs to increase awareness and understanding of control procedures.
7. Maintain accurate and up-to-date records of control procedures, incidents, and remediation actions.
8. Collaborate with other departments to ensure a strong control environment and identify areas for improvement.
9. Prepare reports and presentations on control activities and present to senior management.
10. Stay updated on industry regulations and best practices related to risk management and control procedures.
11. Identify process improvement opportunities and make recommendations to streamline control procedures.
12. Act as a liaison between the organization and external auditors during audits and examinations.
13. Train and mentor junior team members on control procedures and best practices.
14. Communicate effectively with colleagues and stakeholders at all levels to ensure understanding and compliance with control procedures.
15. Continuously monitor and assess the effectiveness of control procedures and make necessary adjustments to maintain a strong control environment.

According to JobzMall, the average salary range for a Senior Business Control Specialist in Everett, WA, USA is $80,000-$115,000 per year. This may vary depending on the specific company, industry, and level of experience of the individual.

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.