Sr Business Control Specialist - Global Payments Operations

Company: Disability Solutions
Location: Scranton
Posted on: October 24, 2024

Job Description:

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Line of Business:The Global Operations group is a centralized operations team supporting all eight (8) lines of business across the enterprise. Global Operations provides operational support to our clients and business partners day to day in the processing and settling of transactions. By maintaining a sound and structured control environment, Global Operations minimizes financial, reputational, and operational risks from occurring during the settlement of cash and securities each day. The Global Payment Operations (GPO) organization delivers global wire repair and ACH (High/Low Value) payments for internal and external bank clients and supports end-to-end payment execution and investigations for transactions initiated through various channels. The team also provides sanctions screening on transactions for multiple products, in accordance with policies established by the Global Economic Sanctions Compliance team.Job Description:This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation.Responsibilities:

• Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
• Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
• Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness
• Performs QA activities including executing on controls, managing cases, and reporting results
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success
• Supports the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews and evaluates data and information relevant to inspection metrics to support governance activities for dashboard reportingRequired Qualifications:
  • Excellent project management, interpersonal, oral and written communication skills, ability to effectively challenge and influence and strong attention to detail and accuracy
  • Exceptional analytical and critical thinking abilities; Able to develop and convey a point of view
  • Strong communication skills, including the ability to communicate complex ideas in a clear and concise manner
  • Proficient in Microsoft Suites (i.e., Outlook, Excel, and PowerPoint)Desired Qualifications:
    • Minimum 3+ years of experience in the Audit, Compliance, or Risk function of a large financial services company, multi-national company, public accounting firm, or with a regulatory agency with strong track record of success and demonstrated progression in complexity of assignments.
    • Individual with desire to learn and teach others, high energy, positive attitude and be a leader through change
    • Able to explicitly and visibly manages risk and assess tradeoffs when making business recommendations
    • Effectively manages conflict within and across teams while standing up for what is right even when challenged
    • Holds self and others accountable for managing risk
    • Professionalism, dependability, integrity, and trustworthiness combined with a cooperative attitude. Able to thrive in a dynamic team environment
    • Highly motivated self-starter with ability to prioritize work and complete assignments within time constraints and deadlines.Skills:
      • Controls Management
      • Issue Management
      • Monitoring, Surveillance, and Testing
      • Quality Assurance
      • Risk Management
      • Analytical Thinking
      • Attention to Detail
      • Critical Thinking
      • Problem Solving
      • Written Communications
      • Decision Making
      • Innovative Thinking
      • Prioritization
      • Recording/Organizing Information
      • ResearchShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Hoboken , Sr Business Control Specialist - Global Payments Operations, Other , Scranton, New Jersey