Specialist, Regulatory Services & Compliance

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
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.
Business Controls within Wealth Management Operations (WMO) provides risk governance oversight for Wealth Management Operations, inclusive of regulatory exams, inquiries, audits and targeted risk assessments. Oversight is provided on the Wealth Management Operations audit issue portfolio, financial and non-financial regulatory reporting governance and is responsible for general ledger account maintenance, and exposure reporting.
The Control Governance team within Business Control team is responsible for evaluating risk and compliance with Enterprise protocols across the WMO organizational teams and functions. The team drives consistency across exercises to ensure compliance with protocols and requests from internal and external Requestors/Auditors/Regulators. Business Control Specialist owns the oversight of assessments, issue management, control initiatives and reviews of WMO processes and controls. These include inquiries from both internal (Global Compliance and Risk partners (GCOR and EAC)) and external (Price Waterhouse Coopers, Office of the Comptroller of the Currency, etc.) The Specialist will primarily be responsible for partnering with Process Owners to vet and coordinate responses across a WMO team and partnering with the Business Control teams to execute deliverables.
This role leads initiatives related to risk exercises within the organization; collaborates with team members to identify and address risk; coordinate regulatory examinations, inquiries, assessments and audits of operational functions; Thoughtfully collaborates with Business Controls and Operation Managers/teams to identify and address risk:
Manages various risk initiatives to ensure that organization is appropriately represented and evaluated within the broader organization.
Collaborates with team members across Business Controls and WM Ops to identify and mitigate risks
3-5 years of prior experience in risk mitigation/role
~ Proven ability to work and execute with minimal supervision
~ Strong relationship management skills to build and maintain credibility and influence with support partners, leadership and stakeholders
~ Effective Excel skills with the ability to create reports on a daily basis
~ An appetite and aptitude for reading and understanding policy and procedure documentation; Bachelors degree
~ Ability to review data and provide analytical perspective
~ Advanced Excel and PowerPoint skills
~ Proficient with SharePoint

Monitoring, Surveillance, and Testing
Quality Assurance
Risk Management
Shift:
1st shift (United States of America) Hours Per Week: