Senior Business Control Specialist (Monitoring & Inspection)

Are you a detail-oriented and analytical professional with a passion for risk management? Are you looking for a challenging role that will allow you to utilize your expertise in business control and compliance? If so, Bank of America has an exciting opportunity for you as a Senior Business Control Specialist (Monitoring & Inspection). In this role, you will play a key role in ensuring the bank's operations are in compliance with regulatory requirements and internal policies. We are seeking a highly motivated individual who possesses strong communication and problem-solving skills, as well as a deep understanding of risk management and control practices. Join our dynamic team and make a meaningful impact on the bank's overall success.

1. Conduct regular monitoring and inspection of the bank's operations to ensure compliance with regulatory requirements and internal policies.
2. Identify and assess potential risks and control deficiencies, and make recommendations for remediation.
3. Collaborate with various departments and stakeholders to implement and maintain effective risk management and control processes.
4. Develop and maintain a thorough understanding of all applicable laws, regulations, and industry standards.
5. Analyze data and prepare reports on risk management and compliance issues for senior management.
6. Stay current on industry developments and changes in regulatory requirements to proactively identify potential risks and develop appropriate controls.
7. Communicate findings and recommendations to relevant stakeholders and provide guidance on best practices for risk mitigation.
8. Develop and maintain strong relationships with internal and external auditors to facilitate efficient and effective audits.
9. Develop and deliver training programs to increase awareness and understanding of risk management and compliance practices.
10. Monitor and track the implementation of corrective actions to address identified risks and control deficiencies.
11. Participate in cross-functional projects and initiatives to improve risk management and control processes.
12. Serve as a subject matter expert on risk management and compliance matters, providing guidance and support to other team members and departments.
13. Contribute to the development and enhancement of policies and procedures related to risk management and compliance.
14. Continuously review and update monitoring and inspection processes to ensure they align with evolving regulatory requirements and industry best practices.
15. Maintain a high level of professionalism and confidentiality in handling sensitive information.

According to JobzMall, the average salary range for a Senior Business Control Specialist (Monitoring & Inspection) in Bromley, UK is £45,000 - £60,000 per year. However, this can vary depending on the specific company, industry, and level of experience of the individual. Some companies may offer higher salaries for this role, while others may offer lower salaries. It is important to research and compare salaries for this role at different companies in order to get a better understanding of the average pay in the Bromley area.

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.